Share to facebook Share to twitter Share to linkedin <div _ngcontent-c1 4 = "" innerhtml = " For the last few months, President Trump and the Republicans have been worried that oil prices would be exceedingly high going into the midterm elections. Gasoline prices are displayed at a gas station near downtown Los Angeles on Friday, May 18, 2018. (AP Photo / Richard Vogel) In June, the American oil benchmark, WTI, hit a three and a half year high, reaching over $ 74 per barrel. If prices had continued to rise due to the sanctions on Iran, American voters would hold President Trump and the Republicans responsible . The worst part for Republicans was that they had inexplicably set the Iran sanctions to restart on November 4, just two days before the midterm elections. Some analysts & nbsp; predicted that the Iran sanctions could cause the price of the international oil benchmark to soar two $ 100 per barrel. Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & amp; disfunction in Iran and Venezuela, I am asking that Saudi Arabia will increase oil production, maybe up to 2,000,000 barrels, to make up the difference … Prices to high! He has agreed! – Donald J. Trump (@realDonaldTrump) June 30, 2018 President Trump was clearly concerned, and he began a public campaign to pressure OPEC and its most powerful member, Saudi Arabia. Hans mål var å tvinge dem til at producere mer olje…
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For the last few months, President Trump and the Republicans have been worried that oil prices would be exceedingly high going into the midterm elections.
Gasoline prices are displayed at a gas station near downtown Los Angeles on Friday, May 18, 2018. (AP Photo / Richard Vogel)
In June, the American oil benchmark, WTI, hit a three and a half year high, reaching over $ 74 per barrel. If prices had continued to rise due to the sanctions on Iran, American voters would hold President Trump and the Republicans responsible . The worst part for Republicans was that they had inexplicably set the Iran sanctions to restart on November 4, just two days before the midterm elections. Some analysts & nbsp; predicted that the Iran sanctions could cause the price of the international oil benchmark to soar two $ 100 per barrel.
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President Trump was clearly concerned, and he began a public campaign to pressure OPEC and its most powerful member, Saudi Arabia. Hans mål var å tvinge dem til at producere mer olje til å motvirke de forventede Iran-fald. Han talte med Saudi-konungen på telefonen, han talte om det på rallies og sendte en serie om tweets om det. He wanted Saudi Arabia to produce more oil, and he believed they owed it to the U.S. to act.
Now it seems that the president and the Republicans have dodged the political oil bullet. The average price of gasoline is still only about $ 2.84 . This is far enough below the psychological barrier of $ 3.00 per gallon, that it does not seem likely to cause a problem before the election day. There are three reasons that oil prices have stayed down and saved the Republicans from a serious political headache.
Saudi Energy and Oil Minister Khalid al-Falih (C) arrives at the start of a three-day conference (FAYEZ NURELDINE / AFP / Getty Images)
Perhaps Trump’s persistent pressure on Saudi Arabia to increase oil production has paid off – or maybe they just got lucky that US voters will not be looking at $ 3.00 or $ 4.00 per gallon gasoline prices as they head to the polls on November 6.
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For the last few months, President Trump and the Republicans have been worried that oil prices would
Gasoline prices are displayed at a gas station near downtown Los Angeles on Friday, May 18, 2018. (AP Photo / Richard Vogel)
In June, the American oil benchmark, WTI, hit a three and a half year high, reaching over $ 74 per barrel. The prices were continued to rise due to the sanctions on Iran. American voters would hold President Trump and the Republicans responsible. for Republicans was that they had inexplicably set the Iran sanctions to restart on November 4, just two days before the midterm elections. Some analysts predicted that the Iran sanctions could cause the price of the international oil benchmark to soar $ 100 per ba rrel.
https://twitter.com/realDonaldTrump/status/1013023608040513537?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noreferrer” data-ga-track=”ExternalLink:https://twitter.com/realDonaldTrump/status/1013023608040513537?ref_src=twsrc%5Etfw
President Trump was clearly concerned, and he began a public campaign to pressure OPEC and its most powerful member, Saudi Arabia. Hans mål var å tvinge dem til at producere mer olje til å motvirke de forventede Iran-fald. Han talte med Saudi-konungen på telefonen, han talte om det på rallies og sendte en serie om tweets om det. He wanted Saudi Arabia to produce more oil, and he believed they owed it to the U.S. to act.
Now it seems that the president and the Republicans have dodged the political oil bullet. The average price of gasoline is still only about $ 2.84 . This is far enough below the psychological barrier of $ 3.00 per gallon, that it does not seem likely to cause a problem before the election day.
Saudi Energy and Oil Minister Khalid al-Falih (C) arrives at the start of a three-day conference (FAYEZ NURELDINE / AFP / Getty Images)
Perhaps Trump’s persistent pressure on Saudi Arabia to increase oil production has paid off – or maybe they just got lucky that US voters will not be looking at $ 3.00 or $ 4.00 per gallon gasoline prices as they head to the polls on November 6.