Part 6/8:
As the end of the year approaches, global oil prices remain a talking point. Blumer notes that with Brent crude hovering around $72.47 per barrel, the mantra "drill, baby, drill" may resonate within the current political context. There’s speculation about how low oil prices might go and how that will affect U.S. consumers, particularly in light of ongoing inflation concerns tied to gas prices at the pump. Trump is acutely aware of the critical nature of fuel prices in the context of American consumer sentiment as they are closely related to inflation perceptions.