WHAT’S HAPPENING TODAY:
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WHAT → happen → ?
If you haven’t gone out to vote yet today, be sure to hit the polls before they close, typically between 7-8 p.m. Not sure what time they close near you?
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they → go → you
In today’s newsletter, we take a closer look at gas prices reaching a new record under President Donald Trump, just as some voters will be driving to the polls today.
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voters → take → polls
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you → send → you
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we → sign → list
Recommended Stories
ELECTION DAY – GAS PRICES REACH RECORD HIGH UNDER TRUMP:
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PRICES → reach → TRUMP
As Americans head to the polls today, the average price of gasoline under President Donald Trump’s second term has risen to the highest of any presidential administration.
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price → head → administration
For Trump’s second term, the nationwide average price of regular gas topped $3.46 a gallon today, just slightly exceeding President Joe Biden’s average of $3.457 per gallon, according to weekly data released this morning by the Energy Information Administration.
uncertain
price → top → Administration
When entering office, Trump vowed to slash gasoline prices to below $2 per gallon, but prices have remained high following the wars in Iran and Ukraine.
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prices → enter → Iran
GasBuddy analyst Patrick De Haan cautioned that comparing gas prices under the current administration with Biden’s full four-year term may not provide an accurate picture.
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comparing → caution → picture
However, De Haan told Maydeen that it has been a significantly difficult year for drivers, as gas prices have never been this high for this long in any given year.
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prices → tell → year
“Even in 2022, they hit five bucks, yes, which is the all-time record.
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which → hit → bucks
But within a week, they had fallen back below that, even this time in 2022, prices were lower,” De Haan said.
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Haan → fall → 2022
“So, what’s a lot different this year is that we’ve been stuck with these elevated prices.
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we → ’ → prices
We’ve been stuck in a situation that the administration hasn’t got us out of.
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administration → stick → us
There haven’t really been a lot of diplomatic efforts to change that, and that’s why we are where we are,” he added.
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he → change → that
Affordability has become a top-of-mind issue for many voters as they face rising costs for groceries, fuel, and utilities.
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they → become → groceries
De Haan noted that gas prices could play a role in how Americans will be voting today.
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Americans → note → role
“Voters have not really gotten much of a break,” De Haan said.
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Haan → get → break
“I do think that there’s going to be a lot of people that remember that for the past eight months, gas prices have been very high, diesel prices hit records,” he said.
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he → think → records
“Fuel prices are a very, very visible issue, and even just driving to the polls, people are going to be reminded, ‘hey, this has been a pretty record-setting year for fuel prices.’
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this → drive → prices
As of today, Americans have spent $150 billion more on gasoline and diesel since March 1 compared to the same time last year, De Haan wrote.
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Haan → spend → time
He noted that the total cost is at $149.623 billion and rising.
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cost → note → billion
All the rest:
OIL PRICES EXTEND MIDTERMS FALL:
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MIDTERMS → extend → ?
Traders appear to remain optimistic about a deal between the U.S. and Iran, as oil prices continued to fall today.
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prices → appear → U.S.
Trump touted the dip in prices yesterday as it coincided with the midterm elections, in a last-ditch effort to encourage voters to stick with a Republican government.
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it → tout → government
Just before 2:30 p.m., Brent crude had fallen 1.05% and was selling at $103.67 per barrel.
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crude → fall → barrel
West Texas Intermediate also dropped 0.40% and was priced at $95.99 a barrel.
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Intermediate → drop → 95.99
The Trump administration has insisted that oil and gasoline prices will come down even further soon, providing relief for American consumers.
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prices → insist → consumers
Earlier today, Energy Secretary Chris Wright claimed that the best cure for high prices is also “high prices,” as the premiums would encourage producers to increase production, adding more supply to the market, and thereby lowering prices.
“Gasoline and diesel prices peaked in September, they’re on their way down, and they will continue down meaningfully in the months ahead,” he said on Fox Business this morning.
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he → claim → Business
KEY SENATE DEMOCRAT STICKS TO HIS GUNS ON PERMITTING REFORM:
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DEMOCRAT → stick → REFORM
Rhode Island Sen. Sheldon Whitehouse, one of the architects of the bipartisan Senate permitting proposal, isn’t caving to other Democrats pushing to punt the issue to the next Congress.
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Whitehouse → cave → Congress
During an event held by the National Association of Manufacturers in Rhode Island yesterday, Whitehouse said he “vehemently disagrees” with members looking to delay, according to a transcript of his remarks obtained by Daily on Energy alum Josh Siegel.
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members → hold → Siegel
“The idea that we should come back and fixate on this bill, go backwards, lose all that time, and then face a situation where we may not be able to get the bill passed any longer, or the president might be so grumpy that he won’t sign it any longer,” Whitehouse said, reportedly calling the strategy “ill advised.”
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Whitehouse → come → strategy
He went on to call the bipartisan legislation – BAAJA – a “very valuable bird,” due to the carbon emissions reductions associated with its provisions.
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He → go → provisions
MARITIME INDUSTRY ASKS TRUMP TO ALLOW JONES ACT WAIVER TO EXPIRE:
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WAIVER → ask → TRUMP
The American Maritime Partnership is calling on the president to allow the Jones Act waiver to expire.
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waiver → call → president
The administration’s Jones Act waiver is set to expire on Nov. 15.
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waiver → set → Nov.
It was first issued in March as part of the Trump administration’s efforts to lower gas prices elevated by the war in Iran.
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It → issue → Iran
It has since been extended twice.
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It → extend → ?
…and 39 more, not listed.
The Aporia
