RV Fuel Issues & Prices - Post 'Em Here!
All other fuel threads will be automatically deleted. :)
Forum Discussion
I argue that pump prices are independent. The causal reason is that foreign oil demand is greater than US demand (maybe US demand is even decreasing) and getting greater.
The empirical evidence is exemplified by these numbers from the EIA:
GAS PRICE HISTORY
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m
...
Jun-2008 4.105
Jul-2008 4.114
Aug-2008 3.833
Sep-2008 3.756
Oct-2008 3.112
Nov-2008 2.208
Dec-2008 1.745
Jan-2009 1.84
Feb-2009 1.975
Mar-2009 2.011
Apr-2009 2.102
May-2009 2.316
Jun-2009 2.681
Jul-2009 2.582
Aug-2009 2.67
Sep-2009 2.609
Oct-2009 2.605
Nov-2009 2.706
Dec-2009 2.663
...
As you can see, there were big changes in prices that were not co-ordinated with USA presidents. In fact, they were caused by events in the OPEC markets.
Therefore, I conclude that electing or not electing any person will have little effect on prices in 2013 and beyond.
The empirical evidence is exemplified by these numbers from the EIA:
GAS PRICE HISTORY
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m
...
Jun-2008 4.105
Jul-2008 4.114
Aug-2008 3.833
Sep-2008 3.756
Oct-2008 3.112
Nov-2008 2.208
Dec-2008 1.745
Jan-2009 1.84
Feb-2009 1.975
Mar-2009 2.011
Apr-2009 2.102
May-2009 2.316
Jun-2009 2.681
Jul-2009 2.582
Aug-2009 2.67
Sep-2009 2.609
Oct-2009 2.605
Nov-2009 2.706
Dec-2009 2.663
...
As you can see, there were big changes in prices that were not co-ordinated with USA presidents. In fact, they were caused by events in the OPEC markets.
Therefore, I conclude that electing or not electing any person will have little effect on prices in 2013 and beyond.
