Little-Acorn
10-26-2010, 01:15 PM
For those of you who thought the Obama administration must have dones SOMETHING right, SOMEWHERE........
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http://www.washingtontimes.com/news/2010/oct/25/gas-prices-rise-breaking-pattern/
Gas prices rise, breaking pre-election pattern
By Kara Rowland
-
The Washington Times
6:43 p.m., Monday, October 25, 2010
ASSOCIATED PRESS
Gasoline prices haven't gotten much attention amid all the other bad economic news for Democrats heading into a final week of campaigning, but the price per gallon has climbed nearly 15 cents since Labor Day - a surprising jump, given that prices usually plummet before an election.
The cost of a gallon of gas has eclipsed the $3 mark in several parts of the country and clocks in nationally at $2.82, according to the Energy Information Administration (EIA). That's up from $2.68 on Sept. 6, and overall about $1 higher than the week of Jan. 26, 2009, when President Obama took office and the per-gallon price was $1.81.
Analysts say the surge in pump prices defies historical trends that call for a drop-off after the Labor Day holiday, which signals the end of the summer driving season and the traditional dip ahead of the November election season.
"We're puzzled by it," said John B. Townsend II, a spokesman for AAA Mid-Atlantic. "It's becoming increasingly expensive, and the great anomaly is that never happens before an election - prices always fall."
(Full text of the article can be read at the above URL)
-----------------------------------------
http://www.washingtontimes.com/news/2010/oct/25/gas-prices-rise-breaking-pattern/
Gas prices rise, breaking pre-election pattern
By Kara Rowland
-
The Washington Times
6:43 p.m., Monday, October 25, 2010
ASSOCIATED PRESS
Gasoline prices haven't gotten much attention amid all the other bad economic news for Democrats heading into a final week of campaigning, but the price per gallon has climbed nearly 15 cents since Labor Day - a surprising jump, given that prices usually plummet before an election.
The cost of a gallon of gas has eclipsed the $3 mark in several parts of the country and clocks in nationally at $2.82, according to the Energy Information Administration (EIA). That's up from $2.68 on Sept. 6, and overall about $1 higher than the week of Jan. 26, 2009, when President Obama took office and the per-gallon price was $1.81.
Analysts say the surge in pump prices defies historical trends that call for a drop-off after the Labor Day holiday, which signals the end of the summer driving season and the traditional dip ahead of the November election season.
"We're puzzled by it," said John B. Townsend II, a spokesman for AAA Mid-Atlantic. "It's becoming increasingly expensive, and the great anomaly is that never happens before an election - prices always fall."
(Full text of the article can be read at the above URL)