From this here blog November 4, 2008:
Dear Oil Companies: Faaahk You.
According to the Energy Department's weekly survey of filling stations, the average price for a gallon of self-serve regular gasoline dropped 25.6 cents nationally to $2.40 over the past week, the lowest since gasoline sold for $2.37 a gallon Nov. 6, 2006.
Notice anything about that 2006 date?
No one in the media or the industry better open their pieholes and tell me it's a coincidence that the lowest gas prices for two election years running is the week of the election. Don't tell me Exxon-Mobil doesn't have a rule about that. I won't believe you and I don't care to.
Panties image above from my post on the same damn subject from late September, 2006. Having a four year old blog means loving the archive feature.
Fast forward to today. And guess what I see on my news stream?
Gasoline prices post biggest fall in nearly 4 years: survey
The average U.S. price for a gallon of regular gasoline took its biggest drop since 2008 in the past two weeks, due to lower crude oil prices, a big price drop in pump prices in California and Hurricane Sandy, according to a widely followed survey released on Sunday.
Honestly, let's scrape up reasons why prices drop that have nothing to do with the election. Gas prices are always, always, at their lowest point of the year election week. Oil companies, price fixing, end of story.