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Oil’s Rise Past $100 per Barrel Deepens GOP’s Challenge

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“As Republicans gather with President Donald Trump in Dallas this week in an effort to boost their sagging midterm elections prospects, their political challenges mounted with an ominous number flashing across financial terminals and news sites: $100,” the Washington Post reports.

“Brent crude, the global benchmark for oil, crossed that threshold Wednesday amid fresh fighting in Iran, dimming the GOP’s hopes that the high gas prices driving voter frustration would ease before ballots are cast.”

“The elevated oil price is certain to push up prices at the pump, which are already averaging more than $4 per gallon of regular gasoline nationwide, in this final stretch of the campaign.”

Fox News: Record gas prices squeeze Americans as summer travel season ends, midterms loom and Iran war wages on.

About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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