Energy & Environment
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Energy & Environment
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Republicans squirm over gas prices ahead of the midterms |
President Trump’s assertion that high gas prices may be here to stay from now until November is exactly the opposite message of what GOP lawmakers want to hear in a midterm year, underscoring how the Iran war has become bad news for Republicans, who risk losing control of Congress.
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The war has also made it more difficult for Republicans to message on affordability, an issue they were already losing on.
Trump did not help matters when he did not give a direct answer on where he believes gas prices will be ahead of the midterms, telling Fox News’s Maria Bartiromo on “Sunday Morning Futures” that he only hopes so.
“I mean, I think so. It could be, it could be, or the same, or maybe a little bit higher, but it should be around the same,” the president said.
It’s possible Trump was shifting expectations after weeks in which he and his aides had suggested prices would fall, asking the public to brace themselves for increased costs only in the short-term.
But as the war stretches well past the four to six weeks Trump initially floated, this past weekend saw no real progress in turning a fragile ceasefire into a longer deal between the U.S. and Iran. By Monday, the president was instituting a blockade of the Strait of Hormuz for ships coming and going from Iranian ports, an action that might hurt Iran and its allies but would also not lower prices for Americans.
“Candidly, it does worry me,” one Republican operative said, adding that gas prices “are advertised in big, light up signs on every corner, and so it’s something that people tangibly see every single day.”
Read more here, from The Hill’s Julia Manchester.
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Welcome to The Hill’s Energy & Environment newsletter, I’m Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains.
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How policy will affect the energy and environment sectors now and in the future:
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The NAACP and its Mississippi State Conference are suing Elon Musk’s xAI, alleging that it did not get a permit before emitting large amounts of pollution into a Memphis-area community.
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Energy Secretary Chris Wright said Monday that he expects gasoline prices to peak in the next few weeks.
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President Trump on Tuesday slammed the United Kingdom, which has frustrated the president by not backing the Iran war, over not drilling for oil in the North Sea.
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News we’ve flagged from other outlets touching on energy issues, the environment and other topics:
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Upcoming news themes and events we’re watching:
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- Energy Secretary Chris Wright is slated to appear before the House Appropriations Committee
- The Senate Energy and Natural Resources Committee will hold a hearing on several grid-related bills. FERC officials are slated to appear
- The Senate Environment and Public Works Committee will hold a hearing on Great Lakes restoration
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Two key stories on The Hill right now:
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