Election is Over. Gas prices go up...
Original post made by anonymous on Nov 8, 2006
on Nov 8, 2006 at 11:24 am
Before we get all excited, lets read the article more closely. Here's some parts I feel are important:
"Tuesday's rise was minuscule in most places: San Jose's average rose one-third of one cent to an average $2.363 a gallon; the state average climbed one-tenth of a cent to $2.399."
"What's up with this recent price blip? Violence in Nigeria, threats from members of the Organization of Petroleum Exporting Countries to pump less oil and the oncoming winter with its demand for more heating oil.
Some experts say prices fell so far so fast that they have to rebound upward. Others say there's a glut of oil available and that prices will not rise much."
It does mention the "election connection," but does so by pointing out that "Two of every five Americans insist the White House was behind the huge drop in prices and that once the election was over we'd be paying more, according to a Gallup poll last month."
So the article gives factual reasons why the price is going up, and indicates that the connection to the election is anecdotal.
Can anyone provide national gas price averages around election time for 1992, 1994, 1996, 1998 and 2000? How about off-years? Lets quit this conjecturing and start providing evidence.
on Nov 10, 2006 at 5:05 am
That's a myth.
Gas prices rise and fall due to economic conditions, not politics. You may want to take an economics class.
on Nov 10, 2006 at 1:46 pm
I'm sure the 1.2 million barrels per day reduction in production from Saudi and Iran had nothing to do this it :-)