October 4, 2022 8:58am EDT
October surprise? Why OPEC's planned price hike could pummel Democrats
Midterms are coming up fast and Democrats know that a sharp rise in gas prices engineered by OPEC could destroy their plans
Liz Peek
By Liz Peek | Fox News
The midterm elections are weeks away and OPEC+ is threatening to cut oil production. That’s not good news for you, the consumer; it’s also not good news for President Joe Biden and his fellow Democrats.
Biden’s bump up in the polls over the past few months tracked declining gasoline prices. For nearly 100 days, gas prices went down. They peaked at a record high of more than $5 per gallon in June and reached a low of $3.67. Now, at $3.80, they have begun to head back up.
According to the Real Clear Politics average of polls, Joe Biden’s "disapprove" rating peaked at the end of June at 57.3% and dropped to 53.1% in mid-September, along with the slide in gasoline prices. Since then, the percentage of voters expressing disapproval of Biden has inched higher, and GOP chances are looking brighter.
Declining gasoline prices and Biden’s improving popularity cheered Democrats, who began to dream that voters would overlook the declining economy, soaring inflation, our open border and rampant crime, and instead choose representatives campaigning on climate change and abortion policy.
They knew better. They knew: "It’s the economy, stupid", as James Carville so bluntly put it, and that gasoline prices were key.
That’s why Biden’s White House quietly decided to continue delivering oil from our Strategic Petroleum Reserve well past Election Day, even though the withdrawal program was meant to end October 31.
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https://www.foxnews.com/opinion/october-surprise-opec-planned-price-hike-pummel-democrats
