Low gas prices have coincided with higher presidential approval ratings in recent years, meaning the prices at the pump can play a large role during election season.
Inflation is expected to remain a hot topic as theramps up. The price of gasoline has consistently been an issue front and center in most recent elections.
"There’s a really strong inverse relationship between pump prices and approval ratings at a presidential level, and it hasn't changed in four decades," Clearview Energy Partners Managing Director Kevin Book said. According to the American Petroleum Institute, the amount of oil produced on federal lands plummeted while President Obama was in office.
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