E-mail-A-Friend: The unsavory influence of politics on local gas prices

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Story:

The unsavory influence of politics on local gas prices

 

For years, the oil industry has said that oil prices determine gas prices, but

our research suggests that politics have more to do with the price of gasoline

than supply and demand.

 

In October, a local nonprofit consumer group, the Utility Consumers' Action

Network, published a chart showing the relationship between high gas prices and

presidential job ratings. The chart shows a " mirror effect " since 2001

establishing a strong correlation between low job approval ratings for the Bush

administration and high gas prices. For example, when gas prices reached their

zenith in May of this year ( & #036;3.45 a gallon in North County and & #036;3.20

nationally), the president's job approval ratings dropped to a record low of 29

percent.

 

For more of this story, click on or type the URL below:

 

http://www.nctimes.com/articles/2007/12/16/perspective/1_15_4412_15_07.txt

 

 

 

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