""I've been puzzled," Furman said. "When you're in government, you're told, politically, the one price that matters is the price of gasoline. That's the one price that's been great this year. And I sort of feel a tiny bit bad for President Trump that he doesn't get any credit for that.""
"Gas prices in December marked the lowest they've been all year, according to data from motor club AAA, with unleaded gasoline $0.18 cheaper nationally this year compared to last. National average prices reached their cheapest on Monday, hitting $2.85 a gallon. That hasn't stopped consumer confidence falling to its lowest level since April, and approval ratings indicating more Americans disagree with how Trump is handling the economy."
"Trump has continued to offer his own mixed signals on the affordability crisis, including saying in a primetime address last week he inherited an economic "mess" from the Biden administration, offering to cut checks for millions of military personnel for housing supplements, while simultaneously calling the economy the strongest it's been."
Lower national gasoline prices in December and a $0.18 per gallon year-over-year decline left average prices as low as $2.85 a gallon, yet consumer confidence has fallen to its lowest since April. Approval ratings show growing disagreement with how the economy is being handled. Grocery prices have risen nearly 30% over five years, keeping inflation concerns high. Political messaging has been mixed, with promises of payments and assertions of a strong economy coexisting with claims of inheriting an economic "mess," making it harder to translate positive price signals into public reassurance.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]