Prices of gasoline went down in time for the elections, coinsidence?

Notice how the price of gas went down just before the mid term elections in America? Now that the voting is over we will see the prices jump up to 3.75 US before to long. They wanted people to vote for the incumbents to keep control of the Senate because Democrats controlled it and wanted to retain that hold. It backfired and the rest is history except when those gas prices start their spiral upwards very soon. It is all very manipulated and few do anything to stop this type of "manipulation".

 

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Another right wing conspiracy, I suppose OPEC is involved in the conspiracy? Why would the oil industry want to install the people whom they spend millions trying to defeat...you know...global warming and all.

 

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Not a conspiracy b

Not a conspiracy but just seeing things the way I think they are. Why didn't the prices go down during the summer or even in September? It is just strange that prices went down just as the mid terms were starting to take place. Before when a oil refinery would shut down for maintenance the gas prices would climb.

 

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Refiners have been adding capacity in recent years due in no small part to the huge increase in domestic oil production. That is why gasoline prices are down and in my opinion likely to fall further. A few days ago Saudis dropped oil prices on oil exported to the US.

 

Well lets see if my way of thinking is right or not. I'll bet we will have over 3.50 US by January.

 

Definitely. The Republicans now owe the Republican-supporting oil companies a HUGE favor - and I am sure they will get it.

 

My point exactly.

 

its connected to BRENT, rather than republicans.

 

The opposite of your point. You worry about politicians manipulating oil companies for political advantage, the reality based community worries about oil companies manipulating politicians for economic advantage; you claim advantage for the Democratic incumbents in the Senate, the reality based folks see advantage for the Republican Party in the entire Congress and leverage on every other branch of government; you claim "backfire", the reality based community sees achievement of goal.

 

If you look at Gasbuddy charts of average prices, it appears to me that gasoline prices always fall in October, election year or no.

http://www.gasbuddy.com/gb_retail_price_chart.aspx

https://www.pricelock.com/resources/fuel_hedging/charting

 

I can see that trend only in 2011, 2012, 2013...but not in 2010.

 

You can say that both parties had something to gain in a way it just depends on how you look at it.

 

And 2010 and 2012 were the only election years in the lot. So the data suggests the premise that politicians are manipulating gasoline prices isn't true.

 

Americans should pay more for their gas.
Then they would pollute less.
The price should be at least double what it is now.

 

The way the reality based community looks at it, the fossil fuel industry had something to gain by Republican victory - and succeeded in gaining it.

 

Lower gas prices are due to a poor economy, which does not help the Democrats.

 

Well that was true in 2009 but that's not true today. Oil prices are down today because of the oil glut.

 

Prices have gone down due to fracking in the US

What the rest of you think about anything related is inconsequential.

A two-fer!

Nothing that you're thinking has any affect on fracking!

You're not that crucial to reality.

Get over it.

 

It's the other way around: fracking is slowing down because the prices aren't staying high enough to make it pay.

 

Actually, that isn't true. It might be true at some point in the future. But it isn't now the case. First, you don't stop well development on a dime. Two, the average cost of on shore oil production in the US is about $34/barrel. The cost of oil shale production varies but is generally between $53/barrel and $64/barrel. The current price for oil is just under $80/barrel. As long as it pays to bring that oil of the ground, oil companies will continue to bring oil out of the ground.

http://online.wsj.com/articles/energy-boom-can-withstand-steeper-oil-price-drop-1414627471

http://www.cnbc.com/id/102189040#.

"What is news is that the boom is showing no signs of slowing down. Ten years into the shale drilling revolution, oil and gas companies have proven that this is “the real deal,” says Pickering. And as drilling expands it will continue to be “the next big thing” for another 20 years."

http://www.forbes.com/sites/christo...cas-energy-outlook-is-fracking-great-for-now/