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Elections and gas prices connected? Absurd!

GasBuddy Blog -- Gasoline prices have started to fall. Based on what some of our Facebook fans are saying on GasBuddy's fan page, many believe it's because the election. Really? There apparently is still the myth out there that gas prices react or drop ahead of an election. Gas prices usually do drop, yes, but it has nothing to do with the election.

First off, what are major factors that influence gasoline prices? Well, among the two largest, there is supply, and there is demand. Both of those two have a large bearing on gasoline prices. Without supply, gas prices are sky high. Without demand, gas prices are slashed. So why then do prices always fall into autumn and why does this have nothing to do with the election?

Autumn occurs whether...


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Submitted Oct 18, 2012 By: PD
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Author Topic: Elections and gas prices connected? Absurd! Back to Topics
REPLIES (newest first) Post a Reply
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KAR120CSII
Champion Author Oregon

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Message Posted: Dec 6, 2012 6:42:01 PM

no
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Houckster
Champion Author Atlanta

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Message Posted: Dec 6, 2012 12:05:36 PM

You overstate your case considerably. While it used to be true that gas prices would fall after Labor Day, they don't do that as much anymore. More important considerations are 1) Refiners are more able to reduce production, within limits, to match demand; 2) political conditions in the middle East; 3) domestic political considerations such as the "fiscal cliff" or a candidate offering different policies can definitely affect prices, and 4) Americans are reducing discretionary driving.

Using the national average gas price published by the EPA shows that on frequent occasions since 2004, the gas price has often been higher that it was on or near Labor Day. In several years, the prices even near the Christmas period were higher.

The time of year is no longer an adequate predictor of what prices we will pay.
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skidsteer85xt
Champion Author Indiana

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Message Posted: Dec 5, 2012 11:19:29 PM

no
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Donatelo
Champion Author Dayton

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Message Posted: Nov 27, 2012 2:18:47 PM

ok
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4wheel
Champion Author Pittsburgh

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Message Posted: Nov 27, 2012 5:34:55 AM

It happens every election!
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dockersbin
Veteran Author North Carolina

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Message Posted: Nov 26, 2012 3:23:15 PM

Give the "Speculators" a new job!
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DeserTBoB
Champion Author California

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Message Posted: Nov 26, 2012 3:16:12 PM

Anyone who finds this "absurd" needs to pull up a 5 year chart. It happened in '08, it' happened in '00, and it happened again in '96. There IS a correlation as oil speculators pull money off the table after the election.
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baddog58
Champion Author Texas

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Message Posted: Nov 23, 2012 7:30:07 AM

I have never seen any correlation!
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Donatelo
Champion Author Dayton

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Message Posted: Nov 16, 2012 10:07:35 AM

ok
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Gas4Gore
Champion Author Detroit

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Message Posted: Nov 15, 2012 10:18:00 PM

Really?
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bady777
All-Star Author Edmonton

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Message Posted: Nov 14, 2012 10:12:08 AM

It's possible.
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benjy
Champion Author Chicago

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Message Posted: Nov 11, 2012 11:38:57 AM

only haters and idiots think so... oh they're the same thing...
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 7, 2012 4:50:31 AM

miller: lol. Good observation :)
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MrLefty0706
Champion Author Chicago

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Message Posted: Nov 6, 2012 11:48:55 PM

Eliminate the speculators and the oil prices will stabilize at a lower level.
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millertw
Rookie Author Oklahoma

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Message Posted: Nov 6, 2012 7:48:57 PM

Weird how the last debate discussed oil prices. Gas dropped the next day.
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 6, 2012 4:54:27 AM

amen, wrmedic.

And ethanol changes if someone in China sneezes....
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wrmedic
Champion Author Nebraska

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Message Posted: Nov 5, 2012 10:21:58 AM

Heck they are all connected. Why does price of corn go down in Nebraska when it rains in Chicago. It all has to do with speculators.
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 5, 2012 5:07:13 AM

economy is not going to recover w/ diesel still at $4 / gal. Doesn't matter who gets elected.
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dockersbin
Veteran Author North Carolina

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Message Posted: Nov 4, 2012 9:06:03 AM

Only time will tell but might as well enjoy it while its low!
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gasokie
Champion Author Oklahoma

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Message Posted: Nov 4, 2012 7:44:34 AM

Then all we gotta do is wait 'till Wednesday?
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 4, 2012 6:12:26 AM

some prices here dropping down to about 3.20 and a little lower. Can't wait to pay 2.xx rather than 3.xx for gas.

now.. if diesel would drop... sigh. 3.99 everywhere here.
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 3, 2012 8:54:52 AM

Nonoy: the rest of country is falling. You, in LongIsland, have other reasons.
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NonoyLawsi
Rookie Author Long Island

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Message Posted: Nov 2, 2012 7:41:18 PM

i'm not sure they're connected... although it pretty much increases slowly
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Donatelo
Champion Author Dayton

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Message Posted: Nov 2, 2012 12:01:52 PM

Just the facts please. Conversion to winter gas is completed, and usually allows for price drops.
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RapMassaG
Champion Author Cincinnati

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Message Posted: Nov 2, 2012 8:29:24 AM

If they WERE connected, ours would not have jumped 50 cents/gallon last weekend.
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trugasCA
Champion Author California

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Message Posted: Nov 2, 2012 8:26:20 AM

Always go down after summer travel is over
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 2, 2012 4:41:59 AM

just odd that the prices drop rather nicely before the elections, isn't it?
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TOOMUCH
Sophomore Author Toronto

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Message Posted: Oct 30, 2012 10:14:40 AM

It's possible.
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cookieluver
Veteran Author Arkansas

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Message Posted: Oct 29, 2012 9:10:32 AM

It seems as everything have to do with politics.
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dcone2
Champion Author Los Angeles

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Message Posted: Oct 28, 2012 11:25:56 PM

ok
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gasokie
Champion Author Oklahoma

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Message Posted: Oct 28, 2012 5:12:20 PM

Some believe that "All Things" are pre-ordained somehow by politicians.
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 26, 2012 4:41:16 AM

kp: the author is Patrick DeHaan, one of the GB gods and media darling.
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TTQuattro
Rookie Author Indiana

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Message Posted: Oct 22, 2012 11:19:25 PM

maybe if we stop with the wars
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kp2933
Rookie Author Indianapolis

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Message Posted: Oct 22, 2012 1:29:21 PM

Whoever wrote this article should've taken a look at the 8 historical chart for gas prices on the gasbuddy website! Get a clue!
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kp2933
Rookie Author Indianapolis

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Message Posted: Oct 22, 2012 1:28:29 PM

Hello?
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 22, 2012 5:02:03 AM

Kar: yea... Econ 101 ... just doesn't apply to gas and diesel.
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KAR120CSII
Champion Author Oregon

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Message Posted: Oct 21, 2012 6:36:36 PM

Sure -- supply and demand. A crock.
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 21, 2012 8:20:42 AM

funny how short a memory exists in the GB gods' world.
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Ray_10589
Champion Author New York

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Message Posted: Oct 21, 2012 8:14:04 AM

definitely connected!
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gasokie
Champion Author Oklahoma

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Message Posted: Oct 20, 2012 10:57:06 PM

Lots of people believe that everything including gas prices are manipulated by some secret "they" committee someplace, somehow and "they" set the price of biscuits, gasoline and taxes from their secret meeting place someplace or other. "They" also determine their kids grades, car prices and everything else. So where does this guy -- this moderator fellow-- get off trying to sneak in some logic.
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csblesson
Champion Author Texas

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Message Posted: Oct 20, 2012 10:35:40 PM

It is definitely connected!
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remay
Champion Author Houston

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Message Posted: Oct 20, 2012 7:11:08 PM

Okay, then, its completely coincidental.
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Gas4Gore
Champion Author Detroit

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Message Posted: Oct 20, 2012 4:04:13 PM

I certainly hope not.
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DanMtz
Champion Author Oakland

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Message Posted: Oct 20, 2012 2:51:08 PM

Everyone loves a good conspiracy theory.
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Lobsters11
Rookie Author Sacramento

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Message Posted: Oct 20, 2012 12:00:08 PM

duh!
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KhelbenArunson
Champion Author Michigan

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Message Posted: Oct 19, 2012 6:03:21 PM

Unfortunately yest they are.
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PCWHIZ
Champion Author Denver

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Message Posted: Oct 19, 2012 5:34:28 PM

Yes, absurd!
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tomok
Champion Author Portland

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Message Posted: Oct 19, 2012 3:32:22 PM

Elections and gas prices connected? Absurd!
But, Maybe...... Just Maybe.............
Supply down, fuel prices up. Demand down, fuel prices up. A fire here, some refinery maintenance there. A refinery shut down over there. Close a refinery here to reduce expenses, less fuel produced. An airline company buys a refinery to try to control their fuel prices. Big Oil and Big Gas exports fuel and natural gas to other countries for higher prices and profits, less supply here. All at the whim of Big Oil. Less federal oil drilling permits issued, restricitions on oil drilling in the Gulf after the BIG Gulf spill. Some EPA policies are out of control. Fred takes over and fuel prices are much much higher than four years earlier. There is NO reason why fuel prices should change so much or be so high! And the plot thickens!
What will gasss prices be after the November election, wait and see for that one! Hmmm.....
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
Calm down rx7............
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rx7racerca
Champion Author Calgary

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Message Posted: Oct 19, 2012 2:51:01 PM

Wow, do people even bother to read the article, or just go ahead and post their tripe anyway? Elections don't change gas prices. Nor do politicians, from the President down, have much influence one way or another - it's a global market, the US is a huge importer, world prices are the biggest determinant by far of gas prices. Give your heads a shake.
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ItsMorph
Champion Author Grand Rapids

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Message Posted: Oct 19, 2012 2:21:08 PM

Well, O'Bama wants to be re-elected, so they'll go down just long enough to be cheap on election day.
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