Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Will Forecast of Rising Gas Price Affect Presidential Race?
Townhall.com ^ | October 6, 2012 | Elisabeth Meinecke

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.


TOPICS: Culture/Society; Editorial; Politics/Elections
KEYWORDS:
Navigation: use the links below to view more comments.
first previous 1-2021-4041-50 last
To: Enterprise

Can Halliburton still exist if the mainstream media no longer mentions them?

(Herr Goebbles would be proud of all those visceral Progressives who are attempting to manipulate reality.)

IMHO

Regards


41 posted on 10/07/2012 7:30:14 AM PDT by ripley
[ Post Reply | Private Reply | To 25 | View Replies]

To: jughandle
Comment #8 comes from The public policy blog of the American Enterprise Institute.
Click on it for the source.
And you can click on the one below for the source.


42 posted on 10/07/2012 9:42:25 AM PDT by Yosemitest (It's simple. Fight ... or Die !)
[ Post Reply | Private Reply | To 38 | View Replies]

To: jughandle



Compare that information to the chart below.
To really understand fuel prices,you have to take a look at which party had control of the House and the Senate.
The Democrats took control of both the House and the Senate in 2006.

43 posted on 10/07/2012 10:27:22 AM PDT by Yosemitest (It's simple. Fight ... or Die !)
[ Post Reply | Private Reply | To 38 | View Replies]

To: jughandle
Read what some people said that caused the drop in Oil Prices in Oct 2008 and again on Dec 23, 2008.
No one wanted to SAY that oil prices dropped because the House passes bill allowing offshore drilling, Sep 17, 2008, but that had a lot to do with it.
44 posted on 10/07/2012 10:49:59 AM PDT by Yosemitest (It's simple. Fight ... or Die !)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Yosemitest

Great info... Thank you sir!


45 posted on 10/07/2012 11:41:42 AM PDT by jughandle
[ Post Reply | Private Reply | To 44 | View Replies]

To: Kaslin

The reason for high gas prices is the on-going conspiracy by President Bush and Big Oil to raise prices so the oil companies can get rich.

/Sarcasm/


46 posted on 10/07/2012 11:48:13 AM PDT by ripley
[ Post Reply | Private Reply | To 1 | View Replies]

To: Navy Patriot

“I personally thing the gas price spike will hurt the Zero in his chances.”

Nah. They are going to repeat again and again that it was the past policies of the prior administration that directley caused oil prices to jump.
(game, set and match)

IMHO


47 posted on 10/07/2012 11:50:40 AM PDT by ripley
[ Post Reply | Private Reply | To 4 | View Replies]

To: ripley
(Herr Goebbles would be proud of all those visceral Progressives who are attempting to manipulate reality.)


 
 
" The most brilliant propagandist technique will yield no success
unless one fundamental principle is borne in mind constantly -
- it must confine itself to a few points and repeat them over and over."



48 posted on 10/07/2012 1:57:45 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 40 | View Replies]

To: ripley
They are going to repeat again and again...

Ya think??

49 posted on 10/07/2012 1:59:51 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
[ Post Reply | Private Reply | To 47 | View Replies]

To: Elsie

“-it must confine intself to a few points and repeat them over and over.”

They sure have it down to a science, don’t they.

Herr Goebbles must be EXTREMELY proud.

(Don’t mean to yell, just emphasize.)

(Great photo of the hero of the Progressives.)

IMHO


50 posted on 10/07/2012 3:01:16 PM PDT by ripley
[ Post Reply | Private Reply | To 48 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-50 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson