Gas fades as hot-button issue: True or not, there is less political pressure on Washington today than when oil traded above $100 last summer.
Next week Congress is expected to send the White House a bill calling for the approval of Keystone XL, but President Obama has signaled he’ll veto the measure.
“For most Americans, gasoline prices are simply not on the radar screen right now as a major issue. There doesn’t seem as much urgency for Keystone as there was a few months ago,” said Greg Valliere, chief political strategist at Potomac Research Group.
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“We’ve seen how the price of oil can skyrocket in the matter of a week. I wouldn’t bet it will stay this low for too long,” said Sheila Hollis, a partner at Duane Morris specializing in energy policy.
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