The midterm elections are weeks away and OPEC+ is threatening to cut oil production. That’s not good news for you, the consumer; it’s also not good news for President Joe Biden and his fellow Democrats.
Biden’s bump up in the polls over the past few months tracked declining gasoline prices. For nearly 100 days, gas prices went down. They peaked at a record high of more than $5 per gallon in June and reached a low of $3.67. Now, at $3.80, they have begun to head back up.
According to the Real Clear Politics average of polls, Joe Biden’s "disapprove" rating peaked at the end of June at 57.3% and dropped to 53.1% in mid-September, along with the slide in gasoline prices. Since then, the percentage of voters expressing disapproval of Biden has inched higher, and GOP chances are looking brighter......
https://www.foxnews.com/opinion/october-surprise-opec-planned-price-hike-pummel-democrats
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OPEC + (+=Russia) announced a 2,000,0000 barrel a day cut . That along with America's decline in production as a result to Biden's anti fossil fuel policies and the closing of the construction XL Pipeline which would be pumping 900,000 barrels a day to Texas refineries and now the Strategic Oil Reserve is down to 40% capacity. All bad signs for future oil prices . Buckle up.