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Reply #59: We'll see. In 2004 and 2006 gas price movements were pretty random around election time. [View All]

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pampango Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-16-08 12:16 PM
Response to Reply #48
59. We'll see. In 2004 and 2006 gas price movements were pretty random around election time.
- up 8 cents from early October to early November in 2004 and down 8 cents in the same time period in 2006. The year they really dropped in that time frame was in 2005 when gas prices dropped 59 cents in a month, but there was no election that year.

In 2004 after going up a little before the election, gas prices went down by 20 cents by the end of the year. In 2006 the drop in the month before the election continued afterwards by 7 more cents by the end of January.

http://tonto.eia.doe.gov/oog/ftparea/wogirs/xls/pswrgvwall.xls

It will be interesting to see if there is a change in the pattern this election cycle.
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