Voters are worried about inflation in general and the cost of filling up their cars in particular
The writer is vice-chair of S&P Global and author of ‘The New Map: Energy, Climate, and the Clash of Nations’ The coming US presidential election is one in which prices matter a lot. The inflation rate has dropped dramatically in these past two years of the Biden administration; yet it and the economy still rank as the top issues for voters. And the price that now matters the most is that political perennial — the one at the petrol pump.
During the 2012 election year, when prices at the pump hit $4 a gallon, President Barack Obama travelled to Oklahoma where he, in effect, dedicated the southern part of the Keystone pipeline system, making sure to add: “My administration has approved dozens of new oil and gas pipelines.” But the Biden White House has made far more use of the Strategic Petroleum Reserve than any previous administration.
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