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On the day of the midterm elections, the average price of gasoline in the United States rose to US$4.13 per gallon, exceeding US$4 for the first time on election day, setting a record. The cost of living and oil prices have become important offensive and defensive issues for the Democratic Party.
American voters drive to vote and feel the pressure of cost of living even before they reach the polling place. The average price of gasoline across the United States ismidterm elections to $4.13 per gallon on Election Day, breaking the $4 mark for the first time on Election Day, allowing as highoil price to becomedemocratic party A weapon to choose for battle.
According to data from the gas price query app GasBuddy, as of 10 a.m. New York time on the 3rd, the average price of gasoline across the United States reached a record high on Election Day. Although gasoline prices reached a record high in 2022, prices fell back by Election Day that year and were lower than they were on Election Day this year.
Democratic candidates focus on cost of living issues and use high gas prices to attack Republicans. US President Trump has repeatedly said that after the war in Iran ends, gasoline prices will fall.
Although oil prices are currently lower than they were at more than US$4.56 per gallon in May this year, and have dropped to around US$4.50 at the end of September, the average price of gasoline across the United States has never been more than US$4 in November, indicating that high oil prices will last an exceptionally long time this year.
If inflation is removed, the current price of oil is still lower than it will be in 2022; Converted to 2024 US dollars, the price of gasoline also exceeded US$4 during Election Day week in 2010 and 2012. But few Americans can change it that way. The $4 per gallon price is still a significant psychological barrier.
Disruptions in global energy transportation, along with the US-Iran war, Ukraine’s frequent drone attacks on Russian refineries and the refining crisis caused by restrictions on Chinese exports have kept oil prices high. US gasoline supplies are currently well below normal levels for this time of year.
Summary FAQ
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As the average price of gasoline in the United States reached $4.13 per gallon, it broke the psychological barrier of $4 on Election Day for the first time and set a record for the highest election day in history, which directly reflects the cost-of-living pressure felt by voters.
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Democratic candidates focus on the issue of cost of living, use high oil prices to criticize the Republican Party for being unable to afford people’s affordability, and hope to turn voters’ concerns about inflation and spending into voting momentum that is beneficial to them.
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The article notes that the refining crisis caused by disruptions in global energy transportation, the US-Iran war, Ukraine’s drone attacks on Russian refineries and China’s export ban has reduced US gasoline supplies to below normal levels for the same period in previous years.
