This multi faceted news of energy cost inflation in the US, power outages in China likely resulting in more supply chain issues in the US just in time for Christmas shopping and, OPEC sitting on their hands thus keeping the gas prices high, can sour the public more against the Biden and the Democrats real quick. Pass whatever needs to be passed soon. Republicans are getting their talking points gifted to them.
All of this is leading to sticker shock for many Americans
filling up at the pump -- at a time of the year when gas prices typically cool off. The national average price for gasoline hit a fresh seven-year high of $3.27 a gallon on Monday, up by 7 cents in the past week alone, according to AAA.
Gas has nearly doubled since bottoming at $1.77 in April 2020.
High gas prices will only exacerbate elevated inflation, squeeze the budgets of American families and hurt President Joe Biden's political fortunes.