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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:

1 posted on 10/06/2012 5:35:24 PM PDT by Kaslin
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To: Kaslin

And the fact Obama gove 2billion dollrs to Brazil to find oil.


2 posted on 10/06/2012 5:38:39 PM PDT by VRWCarea51
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To: Kaslin

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.

Rise away!!!!


3 posted on 10/06/2012 5:38:49 PM PDT by diamond6 (Freerepublic.com and Hillbuzz.org are my go to sites for conservative news.)
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To: Kaslin
I personally think the gas price spike will hurt the Zero in his chances.
4 posted on 10/06/2012 5:39:58 PM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: diamond6

LOL! That’s the spirit!


5 posted on 10/06/2012 5:40:50 PM PDT by FlingWingFlyer (Sorry Algore. It was attitude, NOT altitude.)
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To: Kaslin
Sticky notes at the pumps...

It doesn't work for me much as I usually buy a 3 month supply ... every 3 months!

6 posted on 10/06/2012 5:41:36 PM PDT by Paladin2
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To: Kaslin

Food prices will rise nationwide. Too many trucks carrying
food from CA (and from overseas via LA and Oakland ports).


7 posted on 10/06/2012 5:42:45 PM PDT by rfp1234
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To: diamond6
Be careful what you ask for!






8 posted on 10/06/2012 5:43:45 PM PDT by Yosemitest (It's simple. Fight ... or Die !)
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To: Kaslin
Rasmussen Reports shows that likely U.S. voters favor Obama on energy policy:

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.

9 posted on 10/06/2012 5:44:01 PM PDT by umgud (No Rats, No Rino's)
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To: Kaslin

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.


10 posted on 10/06/2012 5:48:22 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: umgud

yes, they should have working on green long ago. Not as a substitute but in addition.


11 posted on 10/06/2012 5:49:28 PM PDT by TribalPrincess2U (0bama's agenda¬óDivide and conquer. FREEDOM OR FREE STUFF- YOU GET ONE CHOICE, CHOOSE WISELY)
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To: diamond6

“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!


12 posted on 10/06/2012 5:49:58 PM PDT by vette6387
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To: umgud

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!


13 posted on 10/06/2012 5:53:35 PM PDT by The Sons of Liberty ("Get that evil, foreign, muslim, usurping, gay bastard out of MY White House!" FUBO!)
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To: Kaslin

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.


14 posted on 10/06/2012 5:56:43 PM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: Kaslin
What happened in California is a very freak situation of three major oil refineries not active and a major oil pipeline shut down due to a dangerous high chloride level concentration. Once they fix the problem and get two refineries active again, I expect prices to drop 35¢ per gallon or more fairly quickly.
15 posted on 10/06/2012 5:58:34 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: diamond6
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.

Rise away!!!!

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.

16 posted on 10/06/2012 6:00:45 PM PDT by SCalGal (Friends don't let friends donate to H$U$, A$PCA, or PETA.)
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To: VRWCarea51

Correct


17 posted on 10/06/2012 6:01:08 PM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: umgud

Rasmussen must have polled the ignorant


18 posted on 10/06/2012 6:03:45 PM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Kaslin

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.


19 posted on 10/06/2012 6:03:57 PM PDT by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
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To: R_Kangel

.... 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.”


20 posted on 10/06/2012 6:06:28 PM PDT by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
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To: Yosemitest

Wow! Those last two charts say SO much! What a great email/FB/post card those would make, side by side.


21 posted on 10/06/2012 6:12:37 PM PDT by Jane Long (Soli Deo Gloria!)
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To: R_Kangel

Supposedly the refineries have fixed the problem.
It is expected to have higher prices beginning
Of week then go back down again.
Not sure if back down means to current prices or before the issue.
Even if it went to $10/gal. California will still
Go to Obama.


22 posted on 10/06/2012 6:18:48 PM PDT by Morris70
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To: Kaslin

High gas prices are the result of the culture of corruption of the Republican Party.

/Sarcasm/


23 posted on 10/06/2012 6:19:46 PM PDT by ripley
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To: Jane Long
Feel free to do it.
Their source is under them, so just click on them.
24 posted on 10/06/2012 6:23:33 PM PDT by Yosemitest (It's simple. Fight ... or Die !)
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To: ripley
Wrong! High gas prices are the result of Obama helping out his buddies at Halliburton.

:)

25 posted on 10/06/2012 6:37:22 PM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: diamond6

Me to. Just hurts my wife who has to commute from here in Placerville to Sac. Funny my deisel is cheaper now then regular.


26 posted on 10/06/2012 6:39:41 PM PDT by crazydad (-` sd)
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To: Kaslin
Will Forecast of Rising Gas Price Affect Presidential Race?

FORECAST?

Here in Central Indiana it jumped 40¢ toDAY!

27 posted on 10/06/2012 7:22:18 PM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Kaslin

didn’t we read last month that the Saudis announced they were going to pump more oil and lower gas prices to help Obama’s chances??


28 posted on 10/06/2012 7:47:04 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: Kaslin

Remember all the media’s stories about people vacationing close to home due to high gas prices, of of the rare times they let the man on the street comment, that was prior to 2008 of coarse.

Don’t dwell on that...I mean who can afford a vacation now anyway?


29 posted on 10/06/2012 7:57:14 PM PDT by Fitzy_888 ("ownership society")
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To: diamond6
You...are a man of quality!
30 posted on 10/06/2012 8:06:59 PM PDT by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: familyop

Dropped by my office in Burbank today, station near there had Super Unleaded at $5.98 galLon, I filled up there two days ago @ $4.90 gal.


31 posted on 10/06/2012 10:22:02 PM PDT by StayoutdaBushesWay (Every man dies, but not every man really lives.)
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To: Kaslin

What could be worse is gasoline shortages caused by drivers keeping more fuel in their tanks.


32 posted on 10/06/2012 11:13:00 PM PDT by Mike Darancette (Take two Aspirin and call me in November - Obama for Hindmost.)
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To: Morris70
Even if it went to $10/gal. California will still Go to Obama.

I agree. I am convinced that there are many folks who are willing to pay more for "better environment"...

33 posted on 10/06/2012 11:24:19 PM PDT by L.A.Justice
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To: Kaslin

Clowart Piven and the housing bubble propping: you can get a new plan only if you promise to screw it up again and again.


34 posted on 10/07/2012 4:06:43 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: L.A.Justice

Selfish materialist greedy communists never disliked destroying and killing around themselves if they did not get their satisfaction.


35 posted on 10/07/2012 4:08:48 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: StayoutdaBushesWay
Oil prices jumped 4 percent on Thursday ...    http://www.reuters.com/article/2012/10/04/us-markets-oil-idUSBRE88G02F20121004
 
 
 
And they use this EXCUSE to raise GASOLINE in Indiana more than 10% and 20% in CALIFORNIA???

36 posted on 10/07/2012 5:07:16 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Kaslin
"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.

Yup...

The election is over...

37 posted on 10/07/2012 5:09:15 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Yosemitest

Hey, where did you get that gas price chart? ABC radio news is reporting gas prices this morning, but reporter threw in, “Prices we haven’t seen since 2008”. Now I don’t remember too well, but I KNOW it was nowhere near $3.00/gallon!


38 posted on 10/07/2012 7:09:55 AM PDT by jughandle
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To: jughandle

Never mind, apparently it was pretty bad. Man, I’m getting old.


39 posted on 10/07/2012 7:26:29 AM PDT by jughandle
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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


40 posted on 10/07/2012 7:29:07 AM PDT by ripley
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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
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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 !)
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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 !)
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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 !)
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To: Yosemitest

Great info... Thank you sir!


45 posted on 10/07/2012 11:41:42 AM PDT by jughandle
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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
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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
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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...)
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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...)
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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
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