Anybody else notice gas prices jumping since the election?

[Myrina]

http://www.wishtv.com/dpp/news/local/marion_county/Area-gas-prices-rising-rapidly-

My first thought ... thanks, Republican/Big Oil Cronies. :(

[ProdigalJunkMail]

1. that's not it...

geez...when the Fed buys up tons of US debt and drives down the value of the dollar of course commodities are going to spike in price...blaming this on the Pubs is NOT right...

sP

[Angry Dragon]

4. I don't know

I think it is fair to blame the republicans for anything that we want.
They have never thought about what is fair or right.

[uncommon]

9. Right? They blamed the entire economic crisis on Obama, I can blame them for gas prices :)

Legit.

[PA Democrat]

22. You are correct, and I fear it will get worse.

http://blogs.barrons.com/stockstowatchtoday/2010/11/04/bernanke-qe2-is-about-boosting-stocks/

But Fed money printing has helped lift stock prices, especially since late August when Bernanke started to broach the idea of further securities purchases. Since then, the S&P 500 is up better than 15%. That has indeed lifted the wealth of those well-off enough to own equities and has bolstered their spending, as the Fed chief writes.

He also insists that the expansion of Fed liquidity won’t be inflationary, calling concerns about the risks to QE2 “overstated.” But nowhere does Bernanke mention the effect of the Treasury purchases on the dollar, which is spilling over into commodity prices. Gold has surged and is closing in on its peak of $1381 an ounce while crude oil is up another $1.50 past $86 a barrel.

So, what the Fed is giving to equity portfolios, it is draining from the wallets of those who have to pay up at the gas pump.

[mstinamotorcity]

2. Yes

And I expect to see them higher. Don't forget Groceries are going up too. They say because corn crop was not good as expected this year. I say someone has to pay for 800 million dollars worth of Advertising and deal cutting for the election of November 2, 2010 Prince Republican Choir of Congress!!!

[jaxx]

3. Yep, I paid 2.89 last week. Was 2.67 before that.

Average price now 2.99, up since Friday.

West central IL

[JDPriestly]

6. It has been going up in the last few weeks.

My husband mentioned it a few weeks ago. So this is not just post-election.

[jaxx]

12. Up 20 cents and down 5 cents and then up again.

Gas prices get people riled up. Here we have town bus service but none at night. No other mass transportation. People drive.

[hlthe2b]

5. Just traded my gas gulping 10 year old Subie...

on a Prius and have snow tires ready to mount in another week or so, so I can live with the hit in going from 18-20 mpg to 45-61. I don't relish paying more for gas, but I fear if it doesn't go back up, nothing will be done for rational energy policy (and anything done to date will be rolled back).

[uncommon]

7. Yes. About $.25/gallon at my gas station so far. Fuckers.

[RamboLiberal]

8. Oil and gas prices were going up before the election

I've been paying more for gas for at least last 2 months.

[treestar]

13. Fits the theory

They went down right before the election in 04 and 06 and 08 to remind you that Republicans are wonderful. It is only logical they go up in 10 to remind you Democrats are bad.

[shanti]

10. $3.19 for regular

here in sacramento ca.

[BurtWorm]

11. It's the annual Thanksgiving price gouge.

[Sirveri]

15. This, it happens pretty much after every single election.

More people are driving to visit relatives, so they pump up the price to rake in a couple extra bucks from consumers.

[EC]

14. Yep,

jumped 10 cents Wed...

[Greybnk48]

16. Yes in Wisconsin. $2.97 or $2.98 for regular

and over $3.00 for premium and diesel.

[Kennah]

17. Slight immediate jump, but the big jump was in late July

I'm a pinhead who logs fuel purchases.

2.729 - July 17
2.859 - August 1
2.829 - August 31
2.809 - September 16
2.859 - October 17
2.889 - November 6

[Subdivisions]

18. Oh FCOL, the price of oil was rising before the election. The price in

gas is a reflection of those increases.

Jesus Christ how many times have I tried to explain the situation with oil on this site? Yet no one listens.

[WilliamPitt]

19. They're paying themselves back

after their investment in GOP candidates during the 2010 midterms.

[old mark]

20. Regular is up 20 cents a gallon over the last month as people forget about the

BP disaster in the Gulf. People here in the US have short memories and shit for brains.


mark

[elocs]

21. Not where I live. Gas has stayed the same for many weeks now. n/t

[onenote]

23. its been bouncing around

But wouldn't the "logical" thing have been for the gas companies to raise prices before the election as a way of promoting repub candidates?

[Dreamer Tatum]

24. Um, the dollar has tanked since August.

Which explains oil prices, which explain gas prices.

QED