Couldn't have anything to do with mid-term elections, could it?
2006-09-14 15:53:17 · 22 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
Kris...I think you are definitely on to something. Energy and Insurance pay the big bucks to keep their politicians in office. I think they are doing this to assure that the house and congress maintains the current majority by giving the illusion that things are getting better. I do not believe this is just a cyclical drop...already it is being announced that natural gas will be cheaper this year; how can a prediction be made like this without knowing what kind of winter we will have????...OR...could this be due to the fact that consumers will be losing millions of dollars in equity as the residential real estate market bottoms out...and this is a way to keep people complacent for now????What if the demand shoots up if we have a very cold winter????...Most of us were born at night...but not last night; at least I hope America thinks about this during elections....am I being too cynical?
2006-09-14 16:28:54 · answer #1 · answered by ValleyViolet 6 · 2⤊ 3⤋
You give the electorate too much credit. If it were a $1 drop the days before the election I'd be suspicious too. But if people don't notice the incremental increases, why would they notice the incremental decreases? Plus if it doesn't happen the week of the election no one will remember.
Part of it is supply and demand, the lowest price of the year is between labor day and the start of home heating oil season.
I think the majority of the reason is that the oil companies made profits in the last two years exceeding the entire decade of the 1970s. Now the oil companies fear that the House will be lost to the democrats and a congressional hearing looking into oil prices will occur. So they reduce the price and avoid congressional subpoenas.
2006-09-14 23:54:54 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Actually, it's quite ordinary...
Gasoline prices normally fall after Labor Day due to the end of Summer demand and begin to creep up again in the winter due to increased demand in heating oil.
If you look at the pricing trends in Canada, the pattern of seasonal increases mirrors that of the U.S. almost identically, and they are on a different election schedule.
2006-09-15 01:08:23 · answer #3 · answered by a_man_could_stand 6 · 0⤊ 1⤋
The oil companies were losing too much money. People that would normally travel long distances by car for vacations weren't going this year. The tourist areas were suffering. People just couldn't afford to travel. I know quite a few people that stayed home or only travelled a short distance.
2006-09-14 23:04:41 · answer #4 · answered by older woman 5 · 4⤊ 0⤋
Gas price usually fall in September every year due to the end of the summer vacation season during which much more driving is done. Last year was an exception due to Katrina.
2006-09-14 22:57:31 · answer #5 · answered by scarlettt_ohara 6 · 2⤊ 1⤋
Steady supply dropped the price down somewhat. Enjoy while you can.Now a days it does not take much to mess up the supply line.
If one is heavily invested in oil stocks, He may not.
2006-09-14 23:05:05 · answer #6 · answered by John D 2 · 2⤊ 0⤋
Winter is coming gas is down but the heating season is just around the cornor so heating oil prices will jump sky high so they can make up the difference. It happens every year....
2006-09-14 23:03:51 · answer #7 · answered by javajoe 4 · 4⤊ 0⤋
What makes you think that?
Approval rating hovering around 30 %
More people are dissatisfied with the way the Republicans are running things
Accusations of corruption and illegal dealings
Accusations of civil rights violations
A war that really doesn't seem to have an end
Using the largest tragedy that has ever happened to the US to further your agenda. . .
How could you think that Republicans would do something that would be so popular with the voting public to gain favor?
(at least they could have tried to hide it better)
2006-09-14 23:38:41 · answer #8 · answered by volleyballchick (cowards block) 7 · 2⤊ 1⤋
In Baton Rouge were still at $2.60 but they say it will drop to at least $2.10 by Thanksgiving.
2006-09-14 23:02:56 · answer #9 · answered by Anonymous · 1⤊ 0⤋
No. It is the end of Summer and the negative news has already been factored into the market.
Answer: No
2006-09-14 23:14:19 · answer #10 · answered by Anonymous · 3⤊ 1⤋