Did anyone else notice how the price of gas dropped before the election?

Question

And has been rising steadily since the election?

Why do you think this is happening?

Answer 1

What, isn't it just coincidence that it dropped almost a dollar in the three months before the election, and has climbed 20cents or more since the election?

You think politics might have motivated the oil companies to make people less displeased with the government, on the chance that would help their buddies who are incumbents keep their jobs?

Perish the thought.

Answer 2

I wish they taught economics in our schools...

Prices are controlled by supply and demand and the commodities market. Futures are bought and sold, depending on the future expected supply and demand.

Prices went down before the election because the summer driving season in North American ended.

Prices are starting to rise, in anticipation of the need for heating oil in the Northeast this winter.

This happens every year.

Drill ANWAR (instead of letting our enemies destroy the earth with there stupid environmentally insensitive methods) and push for technological improvements. And buy a hybrid. And car-pool. It's not that difficult to be conservative when it comes to saving energy AND your pocketbook.

Answer 3

nicely i do no longer understand approximately 2004 and 2006 however the reason oil fees fell this time is by way of the fact the commodities bubble burst alongside with the autumn of the financial equipment and the crash of the inventory marketplace. This has decreased the call for for oil globally, even China! so because it particularly is why oil fees have been falling. I mean OPEC decreased the manufacturing of oil and nonetheless oil fees are falling. So if huge Oil like OPEC have been reducing fees on purpose, they might not have decrease manufacturing.

Answer 4

It dropped long before (starting way back in August). At least where i live, it went up a little in the days just before election.

Answer 5

Big business is trying to control the government and one of the ways is to lower the price of oil in an attempt to keep Republicans in office so they can continue to screw the American public and make big profits from the sale of gasoline at the now over priced gas. Oh well, nothing the average person can do about it other then complain here in Yahoo.

Answer 6

Simple, the oil companies didn't want to be a focus of attention during an election/campaign period. Elections are over now, we can complain all we want, nobody with power will do or say anything to scare off the cash cow.

Answer 7

Two Main reasons:

First Usage that was predicted was much higher than actual usage, leaving an end of summer surplus of Crude oil (Supply and Demand)

Second News of a massive oil find in the gulf in early september. See Link: http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=51837

Answer 8

It hasn't been rising. It's still around $58 a barrel like just before the election.

Answer 9

that's kind of funny that you ask that. I am a Republican (with bullet-proof vest on in here... LOL), but made that same observation to my wife the other day. I usually don't buy into conspiracy theories, but it does seem rather odd.

An explanation could be for preparation for home heating oil surges this winter. We just got our first big cold snap last week...

Answer 10

of course it was planned. The Cons were using their brothers in the middle east to drive down the cost of oil thinking it would make a difference in the election. It didn't - Americans are so sick of this chimp in office we needed to get rid of his fellow chimps no matter what the cost!