Higher Gas Prices Hit Americans Already Hurting From Inflation
The Iran war’s effect on the pumps could ripple through midterm elections.
Prices at a Sonic gas station in Tappan, New York, on Thursday.
Photographer: Kena Betancur/BloombergOil markets sounded alarms about the Iran war on Monday, as traders sent the price per barrel above $100. Now Americans are watching to see how that changes the price at their local gas stations. Today’s newsletter features an excerpt of Stacey Vanek Smith’s story (which you can read free!) on the political implications and the options the president may have to reduce consumers’ pain. Plus: There are few companies that compare with Koenigsegg, the Swedish carmaker that’s considering going public.
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