Donald Trump
Former President Donald Trump
  • Moody's Analytics currently predicts that Biden will narrowly win reelection in November.
  • One of the key points for their model is an expectation that gas prices will remain largely stable.
  • The economists caution a slight surge in prices could shift expectations towards a Trump victory.

Moody's Analytics currently has President Joe Biden as a slight favorite to win reelection this November, but the prominent economic research firm says just a slight difference in volatile gas prices could doom his chances.