US gas prices hit Election Day record - Semafor

Average US gas prices topped $4 a gallon for the first time on an election day, a stark indicator of the economic woes weighing on President Donald Trump’s party Tuesday.

While Republicans might be left holding the bag, “whoever wins Congress inherits a stack of problems due to detonate over the next two years,” Semafor’s Liz Hoffman wrote, including high inflation, a wobbly labor market, and further Iran war flare-ups — not to mention “a leaking AI bubble [that] is likely to burst on the next Congress’s watch.”

Investors, meanwhile, would like to see a divided Congress emerge, preferring legislative gridlock in which “the rules of the road are relatively known,” a strategist told the Financial Times.