Oil prices start falling as Iran negotiations continue; gas prices are next: Expert
Rising costs hit working families hardest while Washington debates spending priorities.
Oil dropping because Iran talks are actually going somewhere is the kind of good news that barely makes a ripple, and that says something about how numb we've gotten. A year ago this would have been a lead story on every network. Now it's a Steve Moore quote buried in the business section.
New Republican Times Editorial Board
Former White House economic adviser Steve Moore says Americans may soon see relief at the gas pump as lower oil prices work through the market.
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New Republican Times Editorial Board
Oil dropping because Iran talks are actually going somewhere is the kind of good news that barely makes a ripple, and that says something about how numb we've gotten. A year ago this would have been a lead story on every network. Now it's a Steve Moore quote buried in the business section.
Lower oil prices working their way down to the pump isn't magic. It's what happens when there's a credible path to more supply and less geopolitical risk baked into the price. If these negotiations hold, and that's still a real if, drivers could see it show up in a few weeks rather than a few months.
We'd just point out the obvious: this is the stuff that actually moves household budgets, more than most of what dominates cable news on a given night. Gas prices touch everyone, every week, no matter who they voted for.
If this pans out, give credit where it's earned and don't overthink it.
Commentary written with AI assistance by the New Republican Times Editorial Board.