Is anyone willing to bet that after the election; oil prices will go up?

[20score]

No matter who wins.
I’ll even give good odds.

[begin_within]

1. In what respect, 20score?

[jdlh8894]

2. Good question. n/t

[20score]

3. That oil prices will go down in September and October to take some heat

off the Bush administration, then after the election, prices will start to climb.

[rurallib]

4. remember 2006? Gas was down to about $2 a gallon

As soon as Pelosi was installed zing went the price of oil.

[pampango]

5. Actually, gas prices peaked in July 2006 at $2.99 nationally dropped to $2.24

about 25% by November. In 2004 prices dropped about 1% from the summer peak to the election and in 2002 it was about a 2% drop. The next biggest election year drop in gas prices was in 2000 when it went down about 10% (and of course the repubs complained that Clinton was orchestrating that.)

In non-election years: in 2005 the decline was from $2.93 to $2.34 from a May peak to November. In 2004 it dropped from $$2.04 in June to $2.01 in November. The biggest decline was in 2001 when it dropped from $1.73 in May to $1.26 about 37% in November.

It's probably a fluke but the gas price declines have been bigger in non-election years than in election years.

Every year the price of gas peaks in the summer, goes down during the fall, hits bottom in mid-winter and then rises during the spring. Since elections always happen in the fall, and rise in the spring a few months after the election, it is easy to assign conspiratorial actions to recurring seasonal changes.

http://tonto.eia.doe.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm