Price of gas dropping, October Surprise?

[JD Barleycorn]

As you all have noticed the price of gasoline is dropping around the country. I am amazed that no one from the Obama camp or one of his followers on this site have commented. Here is my take and theory;

Obama brought the price of gas down or
Someone else (the arabs) brought the price of gas down or
the price of gas came down because of market forces.

If it was Obama's actions then why hasn't he taken credit. This is the one thing that he is good at, taking credit. If he did it then we have to ask why now? Why not a year and a half ago? Real convenient timing. So I think we can say that Obama had nothing to do with this.

If it was someone else then we have to ask who and why. We have to look at which country or company wants Obama reelected. I don't think any oil company wants Barry back for four more years even if they did contribute to him the last time out. What about countries? What country would benefit for four more years of leading from behind? Iran? Saudia Arabia? Kuwait? Venezuela? Brazil? Of course any contribution from those countries would be illegal and the filter that Barack has failed to turn on would put a stop to that but like I said Barack has not turned on the filters.

Market forces? We would have to research production, consumption, and demand tables. Of course if this was the cause then it would completely exonerate Bush and any other GOP president from the affect of high gas prices since they have no control over them.

What say you. Why are Obama and his followers are so quiet? What caused the decline?

[markroxny]

ROFLMAO!

I can't believe someone pays you to teach.

Related: Can presidents change gas prices
The decline is primarily seasonal -- prices tend to fall this time of year because Americans are driving less now that the peak, summer season has ended.
At the same time, refineries are now making the cheaper, winter blend of gasoline. Earlier this month, California Gov. Jerry Brown agreed to allow the state's refineries to make the switch earlier than usual. California typically waits longer than other states because it has the strictest air pollution rules in the nation.
That change pushed gas prices down 18 cents a gallon in California over the past week. While California still has the highest gas in the country, averaging $4.43 a gallon, the swift decline has helped push down the national average.

http://money.cnn.com/2012/10/22/news...my/gas-prices/

[JD Barleycorn]

are you saying that it wasn't seasonal under Bush?

[markroxny]

Originally Posted by JD Barleycorn

are you saying that it wasn't seasonal under Bush?

Im saying this teacher..

http://money.cnn.com/2012/10/17/news...ex.html?iid=EL

[CJ7]

poor JD

[LexusLover]

According to Obaminable ...

.... lower gas prices means the economy is sliding back into a recession and getting worse ...

That's why they are not saying much about it.

Remember during the debate ... that's why they were so low when he took office is because "we" were in the worse recession since the depression .. and things are getting better so the prices are going back up!

Yea! The checks in the mail and I promise not to cum in your mouth!

[LordBeaverbrook]

No LL,

Oil is a global market so declining gas prices mean..... that demand is going down world-wide so oil prices are doing down and thus gas prices. The U.S. economy could be booming while much of the world is having problems (though as globalized as we are now that isn't likely) and gas prices could go down. The U.S. economy sliding back into recession or just growing more slowly than desired is only loosely coupled to both the world economy and world oil markets so they certainly don't rise and fall in unison. Also, there is speculation that come to play (see the article on the drunk trader who cornered 67% of the market and raised world oil prices over $2 in a few hours - http://www.cnbc.com/id/49197769/Drun...in_2009_Report) as well as world events which influence markets, not always rationally. For instance hurricanes, wars and oil spills can be shown to have direct effects on prices for several months. Even fears that the Iranians might, might I say, try to block the Straight of Hormuz (and probably not be successful) raised the price of oil to $128 a barrel in March 2012. See this - http://www.economist.com/node/215583...4b6cef412227be

[LexusLover]

Originally Posted by austxjr

No LL,

What do you mean ... "No"?

Obaminable said so, jr! And if he says so, it is so!

Even in the Rose Garden!!!!!

[i'va biggen]

No means no duh

[LexusLover]

Originally Posted by ekim008

No means no duh

Unless it's Obaminable or Clinton. Then it depends on what "no" means?

Especially if they say it in the Rose Garden ..

[i'va biggen]

World market determends the price of oil no president does period..

[LexusLover]

"Obama responded with the claim that gas prices fall when the economy does - and that's why gas was so cheap as President Bush's tenure came to an end.

“The economy was on the verge of collapse, because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Gov. Romney's now promoting.

"It’s conceivable that Gov. Romney could (bring down) gas prices," Obama added, "because with his policies we might be back in the same mess.”

Read more: http://www.foxnews.com/politics/2012...#ixzz2A3tmIDz7

Hey .. He's your guy not mine!

If he is full of shit then just say so ...

..... don't blame me for quoting him! I knew he was full of shit!

In 2008!

[CJ7]

context really fucks with the simpletons single brain cell

[CuteOldGuy]

Hey, CBJ7. Be respectful of President Obama!

[TexTushHog]

Presidents have almost no ability to impact gasoline prices in the short term absent dumping the Strategic Oil Reserve onto the open market. And for that matter, they don't have much impact on gasoline prices even in the long run. People don't set prices, markets do.