Trump promised sub-$2 gasoline. Regular now averages ,$4.1837 a gallon,. That is not under $2. That is not even under four.
Diesel sits at ,$6.31,. Jet fuel, up ,97.5%, in a year. Three fuels. Three mistakes. One guy who said he'd fix it.
Here is the best part. Gas under Trump now averages ,$3.472, narrowly exceeding Biden's $3.471,. A tenth of a cent. He didn't just break the promise. He beat the guy he was mocking by a rounding error.
The explanation? Prices ,spiked since Trump decided to attack Iran,. At a Michigan rally he called higher fuel costs ,a "small price to pay",. Small. Diesel is up about ,70% in a year,. Tell that to an Iowa farmer mid-harvest.
The fixes are inspiring. ,Offroad diesel on highways. An $8 billion farmer relief program., Cheap fuel was the plan. Now the plan is a check for the people buying the expensive fuel.
Then came the Russia diesel deal. Diesel was ,$6.28 when he announced it and $6.35 days later,. The deal cost seven cents. Putin sends diesel, and your wallet gets lighter anyway.
Retail traders will buy energy stocks off this headline. They will call it a thesis. It is a gas station receipt with a ticker symbol.
Midterms are Tuesday. Voters wanted two dollars a gallon and got a war. Pump the gas yourself, it's the only thing in this story you control.
Photo by Thomas McKinnon on Unsplash
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