Will stabilized gas prices help Obama?
A slew of new reports shows that the price of gas is starting to plateau. President Obama's re-election team may be breathing a sigh of relief

The price of gas may have peaked at a shade below $4 a gallon, according to several new industry reports. That could be great news for drivers everywhere, as well as for President Obama's re-election campaign, which views high gas prices as one of the most serious threats to winning in November. Indeed, a new poll shows that 62 percent of Americans are unhappy with Obama's performance on gas prices, and another poll shows that the high cost of fuel is the second-most important concern to voters, after the economy. Will peaking gas prices help Obama?
Yes. And this couldn't have come at a better time: "After an almost uninterrupted rise" in gas prices since January, new data reveals that the average price of gas is remaining steady at about $3.92 a gallon, says Jim Snyder at Bloomberg Businessweek. This is definitely bad news for the GOP, which has tried to tie Obama to a "climb in costs." Stabilized prices could take the issue off the table, and preempt an anti-Obama advertising blitz funded by oil companies.
"Signs of gas price drop seen thwarting GOP case"
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
But the warm winter muted the impact of gas prices: Sure, "gas prices have been a headache," says Michael E. Kanell at The Atlanta Journal-Constitution. But the mild winter, and the subsequent heating bills that "were far below normal," served as a combination "painkiller" for the effects of high gas prices. Because people were saving on heating, the expensive gas simply had less of an impact on wallets. Once air conditioners come on in the summer, expect consumers to really feel the pinch.
"Gasoline prices about to pinch"
And $4 a gallon could be the tipping point: So far, Americans are bearing the high price of gas "with less pain and fewer political recriminations than in past episodes of gas-price run-ups," says Gary Langer at ABC News. In 2005, for instance, more Americans blamed Bush for higher gas prices than blame Obama today. The question is "whether the $4 mark changes all that." It could be "a psychological barrier beyond which all bets are off," and voters turn on Obama.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Kill the Boer: Elon Musk and the anti-apartheid song
Under the radar Billionaire reignites controversy by linking South African 'struggle song' to 'white genocide'
By Elizabeth Carr-Ellis, The Week UK Published
-
Critics’ choice: Restaurants worthy of their buzz
feature A fun bistro, a reservation worth the wait, and a modern twist on Mexican dishes
By The Week US Published
-
Film reviews: Snow White, Death of a Unicorn, and The Alto Knights
Feature A makeover for Disney’s first animated feature, greedy humans earn nature’s wrath, and a feud between crime bosses rattles the mob
By The Week US Published
-
The JFK files: the truth at last?
In The Spotlight More than 64,000 previously classified documents relating the 1963 assassination of John F. Kennedy have been released by the Trump administration
By The Week Staff Published
-
'Seriously, not literally': how should the world take Donald Trump?
Today's big question White House rhetoric and reality look likely to become increasingly blurred
By Sorcha Bradley, The Week UK Published
-
Will Trump's 'madman' strategy pay off?
Today's Big Question Incoming US president likes to seem unpredictable but, this time round, world leaders could be wise to his playbook
By Sorcha Bradley, The Week UK Published
-
Democrats vs. Republicans: who are the billionaires backing?
The Explainer Younger tech titans join 'boys' club throwing money and support' behind President Trump, while older plutocrats quietly rebuke new administration
By Harriet Marsden, The Week UK Published
-
US election: where things stand with one week to go
The Explainer Harris' lead in the polls has been narrowing in Trump's favour, but her campaign remains 'cautiously optimistic'
By Harriet Marsden, The Week UK Published
-
Is Trump okay?
Today's Big Question Former president's mental fitness and alleged cognitive decline firmly back in the spotlight after 'bizarre' town hall event
By Harriet Marsden, The Week UK Published
-
The life and times of Kamala Harris
The Explainer The vice-president is narrowly leading the race to become the next US president. How did she get to where she is now?
By The Week UK Published
-
Will 'weirdly civil' VP debate move dial in US election?
Today's Big Question 'Diametrically opposed' candidates showed 'a lot of commonality' on some issues, but offered competing visions for America's future and democracy
By Harriet Marsden, The Week UK Published