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Free AccessBiden Approval Rating Moves Lower As Gas Prices Rise
President Joe Biden has seen his approval rating dip following a month of steadily increasing retail gasoline prices.
- In remarks at the White House earlier today Biden noted that rising gas prices were boosting Republicans in polls but said he believed that the measures his administration has taken to reduce gas prices will be reflected in polling in coming week.
- Biden: "The back and forth. Them ahead, us ahead. Polls have been all over the place. I think we're going to see one more shift back to our side in the closing days. Let me tell you why I think that. We are starting to see some of the good news on the economy. Gas prices are down sharply in 46 of 50 states because of what I've been doing. We're moving in the right direction and there's more to come."
- Biden's approval currently sits at 42.4% on RealClearPolitics, down from 43.4% last week.
Chart 1: President Joe Biden Job Approval (RealClearPolitics)
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.