Sunday, November 26, 2006

Gas price drop an attempt to skew the election?

Before the November 2006 elections I wrote an article: Dropping gasoline prices, and the mid-term elections pondering whether the dropping gas prices were an attempt to skew the elections. It seemed and still does seem very unlikely. At the same time it is curious why gas prices, which had been well above $3 per gallon over the summer of 2006 fell so precipitously since then.

CNN Money noticed the same thing Gasoline prices up, end 3 month slump which led the Salon.COM war-room to ponder Coincidence? Election over, gas prices up again.

In the interest of relying on facts ...

Here is the chart from before the election, captured on October 8, 2006:

And here is the chart today, November 25, 2006, generated using the same parameters:

What's interesting is the crude oil price has leveled off, and the gasoline price has started to come back up.


gaschart.2006-11-26.png26.09 KB