Data Suggests High Gas Prices Will Doom Obama's Re-Election Bid

The price of gasoline again has replaced the price of milk as the American household's touchstone of how far its spending dollar goes.
And there is an interesting -- though perhaps coincidental -- connection between rapidly rising gasoline prices and presidential election year results.
According to election data from the past 32 years, presidents who oversaw relatively flat gasoline prices had their parties stay in power. But those who presided over a sudden hike in gasoline prices in the year leading up to the election almost uniformly saw their parties voted out of office.
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