Skip to comments.Will Forecast of Rising Gas Price Affect Presidential Race?
Posted on 10/06/2012 5:35:18 PM PDT by Kaslin
The Drudge Report is cheekily labeling an article about the outrageous gas prices and gas shortage in Southern California the "October Surprise." While it's unlikely even $4-$5 (and up) a gallon gas prices will turn Californians into Romney fans, CNBC is reporting that gas prices are likely to keep rising in October:
"It will only take another refinery issue and a bit more of geopolitical noise to have the first U.S. election at a US average gasoline price of $4 a gallon," says energy analyst Olivier Jakob of Petromatrix
Also contributing to the problem in California were issues at different refineries.
In general, however, CNBC cautions that the prices are easily affected:
"Gasoline futures prices dropped 30 cents after the expiration of the previous month's contract, reflecting the seasonal shift among many refiners from summer-grade gasoline to a cheaper winter-blend.On Wednesday morning, the EIA reported a sharp drop in gasoline demand versus a year ago — leading futures to fall to the low of the week. But prices quickly recovered after the fire at the Exxon Baytown refinery."
Gas prices and energy production often make cameo appearances at the top of the news cycle, but it's rarely sustained long enough to have any effective change brought about. Interestingly, Rasmussen Reports shows that likely U.S. voters favor Obama on energy policy:
"Obama’s widest lead is in the area of energy policy. Forty-seven percent (47%) of voters trust him more in this area, while 42% have more confidence in Romney. The candidates were tied in this area late last month."
It might not hurt Romney to get out and talk a little more about the pain at the pump. Since voters still trust him more on economic issues, framing energy policy as an economic argument could play into his favor. Obama's track record on energy (Solyndra, anyone?) really overall is very weak as one looks at the failed investment and also his waffling over Keystone.
And the fact Obama gove 2billion dollrs to Brazil to find oil.
I, as an American Californian, am willing to accept extremely high gas prices in the short term in the monumental interest of getting Obama the hell out.
LOL! That’s the spirit!
It doesn't work for me much as I usually buy a 3 month supply ... every 3 months!
Food prices will rise nationwide. Too many trucks carrying
food from CA (and from overseas via LA and Oakland ports).
We all like green energy, but only some of us are honest enough to see that short of some earth-shaking breakthrough, green energy as we know it today, cannot compete with petro or coal.
Heard from a traveler coming east from southern Cali this morning that he saw some prices around $6 there. Said commuters there are about to grab their Gucci bags and go out to riot.
yes, they should have working on green long ago. Not as a substitute but in addition.
“I, as an American Californian, am willing to accept extremely high gas prices in the short term in the monumental interest of getting Obama the hell out.”
I regard it as a campaign contribution to Romney!
Logically, why would anyone favor 0bama’s policies? Gas prices have been twice as high as they were when Bush left office, and now they are four times as high in California, if you can get some!
It’s amazing to me that anyone would trust a green energy nut with energy prices.
The radical ones would rather have at least half the world’s population purged and the remainder living in desert caves.
And with themselves in charge of the world, of course.
You're right. We're already so screwed...
Hey, Romney - point over here! This is what happens when liberals get to run things!
Maybe we can get rid of Moonbeam too.
Rasmussen must have polled the ignorant
I have been talking to some brain dead ObamaZombies at work here in Los Angeles and believe it or not ... they are blaming the high prices on the greedy big oil companies and the Republicans.
.... I realy do wish that Mr. Romney would come to Kalifornia and stand up in a press conference and proclaim to the entire state ..... “KALIFORNIA ..... HELP IS ON IT”S WAY.”