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U.S. · POLITICS · NOV 5, 7:01 AM ET

Does the blue wave mean lower gasoline and diesel prices soon? Don't hold your breath

Reported by 11 outlets in the past day, including NBC News, The Guardian, NPR.

1What happened

Blue wave gives Democrats control of Congress. CNBC ↗

2Compared to what

Gas price in today’s dollars: $4.36. Higher than in 81% of months since 1990.

$6.27 2008$1.88 199919902026

EIA; adjusted with CPI · More in perspective

3What’s next

But it will be harder for them to directly affect fuel prices, which are tied to a complex international oil market. NPR ↗

4Also reported

A new Democratic majority in Congress could pressure the president to end the war in Iran. NPR ↗

Sources

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