As gas prices squeeze voters, Republican midterm challenges deepen

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When Donald Trump ran for president in 2024, he promised to bring the price of gasoline below $2 per gallon “within 12 months.” This looked good to an electorate unhappy with the high cost of living; Mr. Trump secured his second term in the White House, propelled by double-digit advantages on the economy, inflation and energy prices.

A year and a half later, with the United States at war with Iran, those one-time benefits look like potential liabilities as voters express growing discontent with high prices in the run-up to the fall midterm elections.

Oil and gas prices rose to their highest levels since 2022, with the average cost of a gallon of gasoline hitting $4.30 on Thursday. This week alone, gasoline jumped 72 cents per gallon in Michigan and 60 cents per gallon in Ohio, two states with key Senate and House elections. Nationally, polls show Mr. Trump’s approval rating has fallen below 40%, with the cost of living a top concern for voters, who now say they trust Democrats more than Republicans on the economy for the first time since 2010.

Why we wrote this

High prices at the pump hit many Americans’ wallets directly and lead to other costs. Some Republican strategists worry that even if the war in Iran ends soon, voters won’t feel an improvement in their finances until after the midterm elections.

“U.S. consumers perceive the economy has not improved and inflation has gotten worse,” said conservative pollster Whit Ayres. “This is a problem when we promise to reduce inflation and revive the economy.”

Midterm elections are usually a referendum on which party is in power, especially when the president’s party holds both houses of Congress. And gas prices – a visible and direct expense for most Americans, as well as a driver of other costs – are a “very big concern” for 78% of voters, according to a recent Reuters/Ipsos poll. This creates an increasingly difficult electoral landscape for Republicans, who currently hold slim majorities in the House and Senate.

“At the end of the day, people only care about what happens in their own pocketbooks,” says Republican strategist Maura Gillespie. Even if the war ends in the coming weeks and energy prices begin to fall, she notes, it may be some time before the recovery is felt in household finances. “The mood may already be so bad that they can’t necessarily recover from it in time,” she says.

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