Morning Distribution for Friday, June 24, 2022

A [FiveThirtyEight]( email [Morning Distribution]( Friday, June 24, 2022 Your daily briefing from FiveThirtyEight --------------------------------------------------------------- The Morning Story [A photo illustration of gas prices against a gridded background]( [A Gas Holiday Might Be Popular, But It’s Unlikely To Do Much To Lower Inflation]( By [Monica Potts]( and [Zoha Qamar]( Earlier this week President Biden asked Congress to temporarily [suspend collection of federal gas and diesel taxes]( for three months as a way to relieve pressure on Americans as national gas prices rise to $5 a gallon. If the price keeps going up, it could top highs not seen since [the summer of 2008](. High gas prices are also helping to drive overall inflation, which reached [8.6 percent as of May]( It’s no surprise, then, that Biden is responding to pressure to do something — anything — about gas prices. As [plenty of people have pointed out]( the cost per gallon is displayed on giant signs everyone can see. Transportation and groceries are necessities that are purchased weekly or even daily, which means Americans feel these changes in a visible, visceral way. It also gets at why they’re so important politically, especially as surveys show that Americans are adjusting their budgets. Nearly three-quarters of Americans say they’ve altered their spending habits to save money because of inflation, [according to a Morning Consult]( poll released this week. More than half, 53 percent, say they’ve changed their eating and drinking habits. Families are eating out less often, cutting back on meat and forgoing alcohol and organic produce. [Read more]( --------------------------------------------------------------- Weekly Listen [Play]( [Politics Podcast: Are 1 Percent Of Americans Evil?]( [FiveThirtyEight] [View in browser]( [ABC News]( [Unsubscribe]( Our mailing address: FiveThirtyEight, 47 West 66th Street, New York, NY 10023.