US oil prices are rising, political heat is rising with
Public holiday on Monday to commemorate the memory of US soldiers killed in different wars on Memorial Day. After a three-day holiday, a large number of American carriages went on a long trip during this time. Experts say that the number of travel-ready Americans this year is about 40 percent less than the previous year. Because the price of petrol increases.
Currently the price of gasoline is $ 3, which is the highest since 2014. The reason for this increase is the decision to cancel the nuclear deal with Iran and reduce the supply of oil to oil producing countries. According to one, the price of oil has increased by 50 cents per gallon or 25 percent compared to last year. As a result, most of the consumers have been affected, whose income is limited and fixed. Most of them are loyal followers of the Donald Trump. Many of them have canceled the road trip to the Memorial Day this year despite having a holiday to avoid extra cost.
President Trump hoped that he would benefit politically by canceling the Iranian contract. But in reality the opposite happened. He also hoped that the US Congress had taken a major decision to waive last year, due to which he and the ruling Republican party will get a big political advantage. Now everyone says that this tax law enjoys the most profitable benefits of the country, the very rich class of the country. The common people who got the slightest advantage, they went to the water due to rising oil prices overnight.
Morgan Stanley chief economist Ellen Zintner said that the only reason for the reduction of the tax reduction because of the increase in oil prices was that all of them were canceled. The benefits of tax reduction were momentary memories, but the reality of the rise in oil prices is that everyone remembers the car on the streets.
Opposition Democrats raised the political advantage of the situation. To increase oil prices during Obama's time, Trump has not hesitated to put President Obama over all the blame. In a tweet before the 2012 election, he said that oil prices are skyscraper, so depreciate Obama. Now Democrats are following the same path. They want to remind the voters before mid-November elections, due to the wrong decision of the trump, the common people have to suffer now. Like the elected Congressman from Hawaii, Brian Shataz said, there is a direct connection between Trump's pursuit of policy and oil price rise.
The same is said by Senator Ron Wieden from Oregon. 'During the next holidays, I will hold meetings with voters in my area. Most of my voters are residents of rural areas, they have to cross the long road. It is not abstract for them to raise the price of oil. '