Trump wants to reduce the cost of fuel as the midterms loom - will it work?
President Donald Trump is attempting to address rising fuel costs ahead of the midterm elections, which have been exacerbated by geopolitical conflicts in the Middle East and Ukraine. Analysts remain skeptical about the effectiveness of his proposed measures given the global nature of oil supply constraints.
Why it matters
Fuel prices are a critical economic indicator that directly influence voter sentiment and the political stability of the incumbent administration.
Image source, Charles-McClintock Wilson/NurPhoto via Getty Images By Rachel Clun Business reporter , Reporting from New York Published 20 minutes ago Prices for gasoline and diesel have more than doubled since the US-Israel conflict with Iran began in February, affecting transport businesses, farmers and anyone who drives a vehicle in America.
Ahead of the critical midterm elections, there have been growing calls for more to be done to reduce the price of fuel, and US President Donald Trump has made several comments and announcements aimed at getting costs down.
The question is: what is he able to do with just a few weeks to go before election day - and will it work?
Trump's announcement of a waiver on the use of red dye diesel at a campaign stop this week underscored the importance of gas prices in a midterm election dominated by affordability issues.
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