Joe Biden’s battle for re-election as president of the United States now faces a surprise new threat – the surging price of petrol.
His economy is growing, he faces no criminal charges – unlike his opponent – and his fund-raising is going well.
“Nothing terrifies a sitting American president more than a surge in pump prices during an election year,” Bob McNally of Rapidan Energy, a former adviser to George W Bush, toldIt is why Washington has repeatedly warned Ukraine to halt its attacks on Russian oil refineries and begged Israel not to escalate the Middle East conflict – fearing either could prompt a jump in oil prices.
Many didn’t see it that way. Road fuel inflation jumped by 3.8 per cent in February alone and then by 1.7 per cent again in March, according to US Bureau of Labor data. Biden released 180 million barrels of oil from the national Strategic Petroleum Reserve in the months leading up to the 2022 midterm elections, with little discernible impact on price.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Joe Biden’s real enemy is the price of oilJoe Biden’s battle for re-election as president of the United States now faces a surprise new threat – the surging price of petrol.
Read more »
Why Joe Biden’s real enemy is the price of oilJoe Biden’s battle for re-election as president of the United States now faces a surprise new threat – the surging price of petrol.
Read more »
Why Joe Biden can’t force a truce on Israel, or won’tThe United States has intervened in past Middle East wars, but for the current president, this one is different.
Read more »
Why our supermarkets and major retailers changed tack on their price-gouging tacticsFor years, big retailers have competed at the check-out while tightening the screws on those who stock their shelves and boosting their profits. It's a far cry from the price-fixing tactics of Visy and Richard Pratt — but it seems the jig is up.
Read more »
Joe Biden addresses questions of foul play in bridge collapseThe US president says there is no reason to believe anything intentional in the ramming of a ship that caused one of America’s biggest ports to be cut off.
Read more »
McVeigh and Tasmania JackJumpers chasing win in Game 4 against Melbourne United to deliver NBL gloryJack McVeigh's phone has 'pretty much been on silent and chucked under my bed' in the wake of the overwhelming reaction to his phenomenal winning shot to catapult the Tasmania JackJumpers to a chance at NBL glory — and tonight, he is hoping to go one better, with a win for the ages.
Read more »