"New signs of lower U.S. gas prices could give a boost to President Barack Obama's re-election hopes and blunt a potent weapon that Republicans have used to attack him.
News on Monday of a month long delay in the planned closure of the largest refinery on the U.S. East Coast was the latest indication sky-rocketing gasoline prices may have peaked.
Industry experts say keeping Sunoco's Philadelphia refinery open will ease supply concerns
and help underpin a gradual decline in gasoline prices during the summer.
That, in turn, would ease a burden on the U.S. economy that Republicans have seized upon as one of their best bets of thwarting Democrat Obama's bid for re-election."