Lest anyone forget, even as crude oil prices hovered around $60 a barrel beginning in October, gas prices fell, miraculously, hitting their lowest level in the week just before the election. A fluctuation of 3% up and down for crude was matched by a steady decline in gas prices of a bout 4.5%. And even now, as crude continues to drop, to $56 a barrel, retail prices continue to rise.
My Valero station on the corner was at $2.29 from about Nov 1 thru Nov 7. I remarked to Ms. Duckman that guaranteed, after the election the prices would go up.
On Tuesday, glorious Tuesday 11/7/06, it was $2.29. On Wednesday morning, 8 hours later, it was $2.39, by Friday, $2.43. Today, a week later, $2.49.
I don't think so. You can read a long discussion over at DKos refuting the conspiracy theory, how they couldn't move that much crude around, NYMEX, shorts, yada yada. All overlooking this stark price at the pump. If the big dealers push their prices at the pump down, everybody else follows. And who controls the big dealers? Big Oil. Explain why the prices didn't go up Tuesday, or the Thursday before, a day that prices very commonly change? Why the day after the election, where there was no corresponding change in crude prices, no natural disaster, no winter formulation crisis, nothing. Just the failure of the GOP to keep their houses, despite the best efforts of our Corporate Masters.
They threw everything at the Democrats, and lost. Democracy still lives, but the forces opposing it aren't resting on their profits. The fight continues. Next up, Schwarzenegger.