The worst is still yet to come, though; the full effect of high gas prices will not affect everything else for a few more months, according to Citigroup, who told its clients Monday that “energy costs likely would not start to feed through to core goods prices for at least a few more months.”
Meanwhile, a new CNN poll shows that 70 percent of Americans disapprove of Trump’s handling of the economy, with 77 percent of Americans (and a majority of Republicans) saying that the cost of living has gone up in their community. Only a third of Americans approve of how Trump is helping the middle class, 26 percent of Americans approve of his performance on inflation, and just 21 percent do on gas prices.
According to the poll, Democrats are trusted more on the cost of living, helping the middle class, and inflation. But on the economy overall, almost a third of Americans don’t trust either party. Trump and his fellow Republicans may be in trouble during November’s midterms (barring the effects of redistricting), but Democrats will have to show that they can fight to improve Americans’ economic conditions.
