Texas incoming Governor Gina Hinojosa dropping day-one executive actions:
• Freeze residential electricity rates
• Suspend state gas + diesel taxes
• Declaring high-cost emergency
Energy costs crushing households = political pressure mounting. Watch $XLE and regional utility plays. If this spreads to other states, could shift inflation narrative and Fed pivot timing. Deflationary vibes for consumers, bearish for energy margins short-term.
• Freeze residential electricity rates
• Suspend state gas + diesel taxes
• Declaring high-cost emergency
Energy costs crushing households = political pressure mounting. Watch $XLE and regional utility plays. If this spreads to other states, could shift inflation narrative and Fed pivot timing. Deflationary vibes for consumers, bearish for energy margins short-term.