General Discussion
In reply to the discussion: About those low gas prices when Obama took office [View all]hfojvt
(37,573 posts)too much CRE.
Fortunately, with the internet, I do not need to.
My link shows
gas prices rising steadily through the 2002 elections (althout Sep. 11 actually caused a big drop in prices with its shock to the economy). Prices were 1.50 in January, 1.50 in June of 2001 and fell to 1.15 by Christmas 2001. Stayed there for about two months before edging up to 1.44 by election day. About back to the pre-911 normal, but they kept going up as Bush pushed for the Iraq invasion, going up to 1.75 by March 2003 but quickly back down to 1.55 by April, staying there until January 2004, when they started climbing up to 1.62 by March, 1.72 by May, 1.87 by September and 2.21 by November! And still the SOB got re-selected!
Then they fell, to 2.07 by December and the 1.90s in January 2005. Up to 3.15 by September 2005 then down to 2.43 by December. Up to 3.06 by August 2006, then down slightly to 2.97 by September and down to 2.51 by November. Then, yes, up to 2.62 by December, but down to 2.44 by February 2007 back up to 2.63 by March and 2.79 by April and 3.30 by November 2007.
Anyway, I do not see a drop before elections followed by a steady rise after elections. Sometimes quite the opposite and other times it bounces up and down.
Ah, hell, I was looking at diesel and not even Vin. Let's try that again.
1.42 in Jan 2001 when Bush took office, up to 1.70 by May, then down to 1.12 in December, thanks to 911. Stayed in the 110s until 3-11-2002 when it jumps to 1.23 and then climbs to 1.47 by November 2002. Fell to 1.36 by December, but then rose to 1.68 by March. Then down to 1.47 by Jun, up to 1.72 by September, "down" to 1.55 by October, up to 2.02 by May 17,2004 down to 1.85 by September, but back up to 2.02 by 10-18-2004.
But then down to 1.79 by January 2005, back up to 2.01 by March, up to 2.24 by April and 3.08 (!!!) by September 2005. Back down, all the way to 2.17 by December 2005, back up to 2.61 by April and up to 3.05 by August, down to 2.31 by October and 2.23 by November. But down to 2.19 by Feb, and up to 2.50 by March, 2.68 by April and 3.04 by May 2007.
So pretty much the same conclusion as with diesel.