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“(The October data will not contain a year-ago number after the U.S. government shutdown disrupted the agency’s data collection, forcing it to skip the October 2025 CPI report entirely.) Even with some relief, the October data is set to illustrate the price…”

“The drop in pump prices came after oil futures plunged 13% last week.”

“Hours after Democrats routed Republicans in the midterm elections, Vice President JD Vance blamed his party’s losses on Americans’ frustration over the U.S. war with Iran, which has driven up oil prices at a time when costs are already high.”

“Oil prices posted their sharpest drop in three months Monday, after a series of headlines on Iran gave investors hope that the Trump administration would find a way to end the conflict without further escalation.”

“Even when national average gas prices pivot lower, as they did throughout October, that doesn’t always extend to parts of the country where refinery activity influences fuel costs, particularly in the Great Lakes region.”

“And the final government inflation report before November’s pivotal midterm elections will likely reflect how much of a headache it’s become for businesses and consumers.”

“A political crisis For months, the Trump administration has claimed that fuel prices will drop sharply as soon as the war is over.”

“The price of oil remains a significant concern for the White House as the midterm elections near.”