Fwd from @. Fuel loses value
Fwd from @
Fuel loses value
Average Americans can breathe a bit easier. Gas prices in the country have fallen below $4 per gallon for the first time in several months and now average $3.99. Diesel also dropped slightly, but remains above $5.
The modest relief came thanks to an agreement extending the ceasefire and plans to resume shipping through the Strait of Hormuz. Against this backdrop, in June the index of economic sentiment among American households also rose for the first time in a long while.
️Still, Donald Trump shouldn't relax just yet. According to a new poll, his approval rating for economic policy has fallen to a record low for him – 33%.
While prices were hitting records, most Americans blamed the head of state for it. The administration tried to convince the population that financial hardship was a fair price for preventing Iran from acquiring nuclear weapons. But Democrats have already collected gems from Trump for campaign ads – like the fact that he "doesn't think about the financial situation of Americans" and he "likes inflation. "
Moreover, don't expect a quick return to pre-war levels – the oil market will need months to restructure. And the main question now is what economic trend will take shape by November and whether the midterm elections will become the price Republicans pay for the war they unleashed in the Middle East.
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@rybar_america — making America understandable again
Source: Telegram "rybar_in_english"