Commodities
Falling Pump Prices Blunt Trump’s Inflation Attacks on Harris
- The ‘most visible price in life is falling,’ analyst says
- US presidents have been punished in past for high fuel prices
Vehicles at a gas station in Houston, Texas.
Photographer: Mark Felix/BloombergThis article is for subscribers only.
Steadily falling gasoline prices are providing a tailwind for US Vice President Kamala Harris’ campaign for the nation’s highest office as Donald Trump seeks to rile inflation-weary consumers by attacking her record on energy.
Retail gasoline prices have fallen to a six-month low in the US and are only expected to fall further amid weaker-than-expected demand and a slumping outlook for the crude oil used to manufacture motor fuels. Regular unleaded was averaging $3.296 a gallon as of Thursday, down more than 10% from this year’s peak in April, according to data from auto club AAA.