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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.
US
A new survey from Ipsos has found that, “While most Americans (59%) think gas prices are rising in recent weeks, they really aren’t. According to GasBuddy, prices are down roughly 14 cents from a month ago and a quarter from a year ago.”
- Ipsos: “A whopping 74% in the West region think prices are rising as gas in California crested near $6 a gallon before starting to fall over the past week. California is still the only state with average prices above $5. Overall, three in five people thinking prices are rising is about where we were a year ago, in Wave 63 of the Tracker. At that point, prices had just started dropping after a two-year run of increases post-pandemic, according to data from the U.S. Energy Information Administration.”
- The survey shows that President Biden’s messaging on the economy and energy is failing to filter through to voters. If sentiment fails to change next year it could shape up a major vulnerability to Biden as presidential approval traditionally tracks closely with gasoline prices.
Figure 1: Is the Price of Gasoline Higher, Lower, or the Same as the Start of this Year?
Source: Ipsos
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.
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