As high gas prices squeeze voters, Republican midterm challenges deepen


When Donald Trump ran for president in 2024, he promised to get gas prices below $2 a gallon “within 12 months.” That sounded good to an electorate unhappy about the high cost of living; Mr. Trump secured his second term in the White House, propelled by double-digit advantages on the economy, inflation, and energy prices.

A year and a half later, with the United States at war with Iran, those onetime advantages are looking like potential liabilities, as voters express growing dissatisfaction with high prices in the run-up to the fall midterm elections.

Oil and gas prices have surged to their highest levels since 2022, with the average cost of a gallon of gas reaching $4.30 on Thursday. This week alone, gas jumped by 72 cents a gallon in Michigan and 60 cents a gallon in Ohio, both states with key Senate and House races. Nationally, polls show Mr. Trump’s approval rating has sunk below 40%, with the cost of living a top concern for voters, who now say they trust Democrats more than Republicans on the economy for the first time since 2010.

Why We Wrote This

High prices at the pump pose a direct hit to many Americans’ wallets, and are a driver of other costs. Some GOP strategists worry that even if the Iran war ends soon, voters may not feel an improvement in their finances before the midterm elections.

“Based on the perception of American consumers, the economy has not gotten better, and inflation has gotten worse,” says conservative pollster Whit Ayres. “That’s a problem when you’ve run on a promise of lowering inflation and increasing the economy.”

Midterms are usually a referendum on the party in power, particularly when the president’s party holds both chambers of Congress. And gas prices – a visible, direct expense for most Americans, as well as a driver of other costs – are a “very big concern” for 78% of voters, according to a recent Reuters/Ipsos poll. That’s creating an increasingly challenging electoral landscape for Republicans, who currently hold narrow majorities in both the House and the Senate.

“At the end of the day, people really just care about what’s going on in their own pocketbook,” says Republican strategist Maura Gillespie. Even if the war were to end in the next few weeks and energy prices start to come down, she notes, it might take a while for the turnaround to be felt in household finances. “The mood may have already soured so much that they can’t necessarily recover from it in time,” she says.



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