Rising gas prices could shape the midterms Here' s where fuel costs stand in key states Fuel Cost - Gas Prices HEAD TOPICS

Rising gas prices could shape the midterms Here' s where fuel costs stand in key states

10/22/2022 10:45:00 PM

After nearly 100 consecutive days of falling gas prices fuel costs have spiked in recent weeks

Fuel Cost Gas Prices

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ABC 7 Chicago

After nearly 100 consecutive days of falling gas prices , fuel cost s have spiked in recent weeks. The approval rating of President Joe Biden - an indicator of Democrat's election prospects - has tracked closely with gas prices . But the price of gas - and the recent movement of that price - varies dramatically across key midterm states. In some states, like New Hampshire and Pennsylvania, prices have barely increased or even fallen over the last month.In Arizona, a swing state host to highly contested races for governor and Senate, the price of a gallon of gas stands at $4.40 - a figure roughly 15% higher than the national average of $3.82, according to AAA. Moreover, the price of gas in Arizona has risen more than 8% over the past month. Read more:
ABC 7 Chicago » Rising gas prices could shape the midterms: Here's where fuel costs stand in key states. Ex-Keystone Pipeline Welder Slams Biden's Measures to Cut Gas Prices American Airlines posts $483 million profit for late summer Why New Jersey Doesn't Let People Pump Their Own Gas

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CNN's Michael Smerconish speaks with New York Magazine writer Reeves Wiedeman about the true story that inspired the Netflix series 'The Watcher.' Read more >> Rising gas prices could shape the midterms Here' s where fuel costs stand in key states After nearly 100 consecutive days of falling gas prices , fuel cost s have spiked in recent weeks. Blaming on Biden’s recent visit to Saudi Arabia. SA Kingdom doesn’t respect beggars like Joe . Irrelevant far as elections go…more misinformation!!😤 lol Let’s go Brandon Ex-Keystone Pipeline Welder Slams Biden's Measures to Cut Gas PricesA former Keystone XL Pipeline welder recently blasted President Joe Biden 's intent to cut gas and energy prices before the midterm elections. This particular measure is called election interference. Exactly what he’s trying to do 🤡 We can't let this guy get away with all the irresponsible damage he's done to our Country. American Airlines posts $483 million profit for late summerAmerican Airlines said Thursday that it earned $483 million on record-breaking revenue that more than offset higher fuel cost s in the third quarter. Why New Jersey Doesn't Let People Pump Their Own GasNew Jersey is the only state in the U.S. that doesn’t allow customers to pump their own gas — anywhere. Here’s why. They can charge more getting more money excuses ignorance. Why do you think so many Yankees move and call themselves Texans now. Falling gas prices won't save Democrats losing key Senate racesGas prices are falling in battleground states entering the final weeks of the midterms. But they're still much higher than they were a month ago. Boy are Americans gonna be shocked when if republicans win nothing will change!!!!! I guess we must go back to a Clinton presidency? In conjunction with a monthslong fall in prices from their summer peak, Biden's approval surged..Amy Furr 20 Oct 2022 A former Keystone XL Pipeline welder recently blasted Democrat President Joe Biden’s intent to cut gas and energy prices before the midterm elections.$695 million  last week. Since the increase in prices took hold two weeks ago, when OPEC+ announced a cut in oil output, disapproval of President Joe Biden has risen 1.1 percentage points, according to FiveThirtyEight. In a debate between the two Senate candidates, on Monday, Vance faulted the Biden administration and Congressional Democrats for impeding investment in the U. On Wednesday, Biden announced moves that aim to address the oil supply shortage behind the cost spike, including a scheduled release of millions of barrels of oil from the nation's Strategic Petroleum Reserve, or SPR. Biden canceled the federal permit for the pipeline that would have brought vast amounts of oil on a daily basis from Canada down to the state of Texas. But the price of gas - and the recent movement of that price - varies dramatically across key midterm states. energy sector that could increase oil output and bring down prices. In some states, like New Hampshire and Pennsylvania, prices have barely increased or even fallen over the last month. “American’s third-quarter results, including our record revenue performance, are significant considering the macroeconomic uncertainty facing so many people,” CEO Robert Isom said on a call with analysts and reporters. Here's a look at the key midterm states where gas prices have spiked significantly in recent weeks, and what candidates are saying about the rising costs: Arizona In Arizona, a swing state host to highly contested races for governor and Senate, the price of a gallon of gas stands at $4. "That was the direct result of policies enacted by Joe Biden and Nancy Pelosi and supported 100% by Tim Ryan. Others had to look for another career altogether, according to Crabtree.40 - a figure roughly 15% higher than the national average of $3.82, according to AAA.S. Moreover, the price of gas in Arizona has risen more than 8% over the past month. It can change your life,” he noted. Blake Masters, a Republican candidate for Senate, condemned the gas price spike on Wednesday in a tweet critical of his opponent, incumbent Democrat Mark Kelly, as well as Biden. Ryan, meanwhile, cited his vote for the Inflation Reduction Act, which is projected to cut the deficit over a 10-year period and slightly reduce inflation, according to the Wharton School of Business at Pennsylvania University . air travel has roared back from pandemic lows in early 2020. "Now in a desperate bid to try to save the midterms they're squandering our strategic reserve," Masters said. Biden retains sole authority over releases from the SPR, which currently stands at 57% capacity, according to the Energy Information Administration, or EIA. "This is an opportunity for us to put more money in people's pockets," he said at the debate. (Nati Harnik, File/AP) Americans toward favoring domestic energy production, and a poll from March showed 71 percent “favor very much” or “favor somewhat” restoring the Keystone XL Pipeline. Kelly, meanwhile, acknowledged the elevated prices last week, citing a general supply bottleneck. "From groceries to the gas we pump into our cars, it feels like everything is too expensive right now," he said. The state plays host to three toss-up House races, according to the Cook Political Report . "I'm working in the Senate to fix our supply chains and bring down costs for Arizona's working families. oil reserves again as the midterm elections approach in a move to curb high gas prices, Breitbart News reported. American, for example, did nearly 10% less flying in the third quarter than in the same period of 2019. " Wisconsin In Wisconsin, where a high-stakes Senate race could determine which party holds the chamber, the price of a gallon of gas stands at $3.83 per gallon, which puts the price about 52% higher than the national average, according to .67, AAA data showed. While that price falls below the national average, it reflects a recent surge of more than 5% over the past month. People get gas for their vehicles at a gas station in Alhambra, California on October 19, 2022. However, it was not just about canceling pipelines but “It’s behind-the-scenes stuff — pressuring banks and lenders not to finance fossil fuel projects. Republican incumbent Senator Ron Johnson, first elected in 2010, has attributed the high gas prices to spending increases and environmentally friendly initiatives supported by Democrats. Earlier this month, Johnson said: "Make no mistake, this is the result of Democrats' reckless deficit spending and radical green energy policies. Brown/AFP via Getty Images In one of the toss-up House races, the Oakland-area 13th district, two challengers seek a seat left open by the retirement of longtime Democratic Representative Barbara Lee. American, Delta and others canceled flights earlier this year when they didn't have enough staff, particularly pilots. " To address the gas prices, Democratic candidate Mandela Barnes, the state's Lieutenant Governor, says on his campaign website he would end government subsidies for oil and gas companies, which he claims have enabled high profits. Breitbart News. Ohio Another key battleground state is Ohio, where a close Senate race features author and venture capitalist J. "We need to have a renewable energy policy that actually doesn't balance its book on the folks who can least afford to pay the bill," he said.D. Vance, a Republican, and Democratic Rep. "We need to develop domestic energy as a matter of opportunity and affordability for families," he said at. Tim Ryan.36 billion predicted by analysts. Gas prices in Ohio stand at $3.71, nearly 10 cents below the national average. AAA data showed. But the price has jumped about 7% over the last month. In a debate between the two Senate candidates, on Monday, Vance faulted the Biden administration and Congressional Democrats for impeding investment in the U. Shares of American Airlines Group Inc. S. energy sector that could increase oil output and bring down prices. "That rising energy price that people see at the pump, that people see in your utility bills, that our farmers see when they're paying more for diesel," Vance said. "That was the direct result of policies enacted by Joe Biden and Nancy Pelosi and supported 100% by Tim Ryan." Oil production in the U. S. last year was nearly identical to that seen over the final year of the Trump administration, in 2020, and greater than the amount produced in 2017 or 2018, according to data from the EIA. Ryan, meanwhile, cited his vote for the Inflation Reduction Act, which is projected to cut the deficit over a 10-year period and slightly reduce inflation, according to the Wharton School of Business at Pennsylvania University. To provide short term cost relief, Ryan called for a tax cut for working families that would ease the pain imposed by higher prices. "This is an opportunity for us to put more money in people's pockets," he said at the debate. California California, the state with the highest gas prices, could determine which party retains control of the House of Representatives. The state plays host to three toss-up House races, according to the Cook Political Report. Gas prices in California stand at $5.83 per gallon, which puts the price about 52% higher than the national average, according to AAA data. That price has spiked nearly 8% over the past month. In one of the toss-up House races, the Oakland-area 13th district, two challengers seek a seat left open by the retirement of longtime Democratic Representative Barbara Lee. Adam Gray, a Democratic state assembly member running for the seat, faulted California's tax credit system, which he said in a debate last month offers a tax break for wealthy Tesla purchasers but leaves working-class people straining to afford high gas prices. "We need to have a renewable energy policy that actually doesn't balance its book on the folks who can least afford to pay the bill," he said. On the other hand, Republican candidate John Duarte, a farmer, blamed the high gas prices on environment-friendly Democratic policies that he says have limited oil supply. "We need to develop domestic energy as a matter of opportunity and affordability for families," he said at the debate. .