Coincidence? Election Over, Gas Prices Up Again
November 20th, 2006
From Salon.com:
If you were a little suspicious of the way in which gasoline prices just happened to dive just before this month’s midterm elections, this bit of news won’t exactly put your mind at ease: After dropping 84 cents between Aug. 11 and Nov. 3, gas prices are up five cents in the first Lundberg Survey released after the Nov. 7 election.
Trilby Lundberg tells CNN that the reversal in the 12-week pre-election slide shows that the market has “soaked up” a “mini-glut” of crude oil from August, causing a “normalization” of supply and demand.
