Member-only story
Crime, Punishment & Gas Prices
Will the 2022 midterm election hinge on inflation and crime?
“Will Gas Prices Tank Electoral Prospects for Democrats?” queried Sasha Abramsky for The Nation today.
In the wake of this week’s happenings, it might be a question worth asking.
In spite of President Joe Biden’s best efforts to convince key U.S. oil supplier Saudi Arabia to increase production, OPEC instead announced a cut in production this week.
“Turns Out Biden’s Empowering of OPEC Was a Really Bad Idea,” concluded David Harsanyi for Real Clear Politics, echoing the general sentiments of the entire Republican Party and certain progressive members of the Democratic Party.
Progressives can lambast OPEC’s decision as helping Russia, but such sentiments are unlikely to alter the unfortunate decision, or the price of gas, one penny.
Coinciding as it does with heightened tensions with Russia, a strategic oil reserve which has already been tapped, and recent moratoriums on domestic production, OPEC’s cut in production doesn’t bode well for keeping gas prices down ahead of the election.
America is bracing for the impact of another wild ride on the rollercoaster of skyrocketing gas prices.