gasoline prices and elections

[RecycleMichael]

On Monday, the price of the gas I purchased was $2.529 a gallon. The next day the republicans won most of the nation's elections. On Wednesday. the price of gas went seven cents per gallon.

I saw some stations were raising their price tonight another nickel to $2.649. It had stayed within a twenty cent range for the last six months.

Could the price of gas be going up because of election results?

[Red Arrow]

Could the price of gas be going up because of election results?

Yes. The Obama administration arranged to hold the prices down to make people think the economy was doing better than it was.  When the Republicans won so many elections, the prices were raised to punish the voters.

[Hoss]

Yes. The Obama administration arranged to hold the prices down to make people think the economy was doing better than it was.  When the Republicans won so many elections, the prices were raised to punish the voters.

Hmmm..interesting.  I saw the price decrease at a couple of QTs today to 2.57.

Oh well, I did the same.  Got it when it was 2.52.  Then the next day it was back up.

[Red Arrow]

I was lucky last time I filled up, $2.52. (Actually $2.72 since my car needs 91 Octane.)  I usually need gas the day before the price drops or the day after it goes up.  I doubt I am the only one with that luck.

[patric]

I knew this sounded familiar:

http://www.tulsanow.org/forum/index.php?topic=5348.0

[custosnox]

I like this little piece from that thread

Gas prices also spike when the oil companies figure out that come January their price gouging scheme is up. They will be investigated by congress. You watch prices drop after the dems officially take over.

[RecycleMichael]

That is interesting that gas prices seem to make a move after each election. It doesn't seem to matter which party does well, they just go up the first Wednesday or Thursday in November in even numbered years.

I hope to remember that in two years.

Or maybe it is just a coincidence.

[swake]

Could also be the announcement of QE2, imported commodity prices like Oil should be going up a little because it.

[DolfanBob]

I'm still enjoying my 10 cents off a gallon at QT with my Discover rewards card they offer. That price is good for the first 90 day's and then goes to 2 cents off from then on. Every little bit helps.
I even uploaded a cool picture of Downtown Tulsa for my card.

[stageidea]

I think this has more to do with the movement of the dollar due to the fed's $600 billion bond purchase.

[Townsend]

I think this has more to do with the movement of the dollar and the fed's $600 billion bond purchase.

Back room shenanigans.  Always back room shenanigans.

[swake]

I think this has more to do with the movement of the dollar and the fed's $600 billion bond purchase.

That would be what QE2 is.

[DolfanBob]

Back room shenanigans.  Always back room shenanigans.

Hey Farva. Whats the name of that Restaurant you like with all the goofy sh*t on the walls ?
You mean ................... ?

[Conan71]

Hey Farva. Whats the name of that Restaurant you like with all the goofy sh*t on the walls ?
You mean ................... ?

I love that movie.  "I swear to God I'll pistol-whip the next person who says: 'shenanegans'!"