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Gasoline Prices Are Falling Ahead of Midterm Elections

  • Some administration officials say it should be closer to $3.20
  • Oil companies have drawn ire of Democrats for pump prices
Bloomberg business news
The Downside to Oil Is Limited: Francisco Blanch

Gasoline prices are falling ahead of the midterm US elections, easing the pressure on Democrats grappling with high fuel prices in key swing states and elsewhere across the country. 

The national average price for a gallon of gasoline is now in its third week of declines and has fallen by $1.25 since the June peak of more than $5, leading administration officials like White House Chief of Staff Ron Klain to highlight the declines.