Cruz on high gas prices: 'I don't think it's gonna impact the midterms'
Key takeaways
- Ted Cruz (R-Texas) said Tuesday that he did not think recently high gas prices amid the Iran war will have an impact on November s midterms.
- I don t think national security decisions should be done based on short-term political considerations, He told CNBC s Squawk Box, referencing the U.S.-Iran conflict.
- Now, with the conflict in the Middle East, gas prices have gone up to about 4.50 a gallon, so we ve given away about half of the decrease we had.
Why this matters: political developments that affect policy direction and public trust.
Ted Cruz (R-Texas) said Tuesday that he did not think recently high gas prices amid the Iran war will have an impact on November s midterms.
I don t think national security decisions should be done based on short-term political considerations, He told CNBC s Squawk Box, referencing the U.S.-Iran conflict. I don t think it s going to impact the midterms materially I ve seen no data that suggests that this is having a big impact on the midterms.
What I ll tell you — let s take gas prices. So, under [former President] Biden, gas prices nationally were between five and six bucks a gallon [President] Trump came in and we cut them basically in half, to about three bucks a gallon, the Texas Republican continued. Now, with the conflict in the Middle East, gas prices have gone up to about 4.50 a gallon, so we ve given away about half of the decrease we had.