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

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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thetruth01thetruth01 - 3/29/2012 1:26:51 PM
-1 Boost
Keep wishing. That linked chart is filled with inconsistencies. They cherry pick which dates to use and what percentages or actual costs they choose to be meaningful. More importatnly, trying to establish a correlation is hard enough, but a causal relationship is insane. There are far too many other factors that were way more important in those election victories. Auto sites should leave this work to the pros. And even they don't usually even know what they're doing.


Agent009Agent009 - 3/29/2012 2:41:07 PM
+4 Boost
When Americans are hurting in the wallet they want change. Now the real issue might be: Are gas prices hurting Americans enough to make that change?


dlindlin - 3/29/2012 3:21:25 PM
+1 Boost
Even though it's really hurting people will still believe the for-Obama commercial sponsored by wall st, those most benefited from Bernanke's money printing. US's democractic system is a perfect example of not.


PLAYPLAY - 3/29/2012 4:35:39 PM
+2 Boost
I don't think gas is going to go to an obscene level (though it will be high) this year so long as no major geopolitical events happen. Saudi Arabia is increasing production by as much as 25%, to lower the price. Global oil production already exceeds demand by 1-2 million barrels a day. So further increasing supply should bring down the price (assuming the market acts rationally). A lot of oil storage is full, their is a large amount of surplus oil to go around. The United States will probably play with its strategic reserves if the Saudis fail to cool the price.


LexSucksLexSucks - 4/1/2012 3:42:20 PM
+1 Boost
"According to election data from the past 32 years, presidents who oversaw relatively flat gasoline prices had their parties stay in power. "

- In the past 32 years the GOP has never put forward a candidate more artificial and fake than Romney. Romney is a very very weak candidate when it comes to general election (he was also weak during the primaries). Obama leads Romney (among registered voters) in all but one the swing states by double digits. The state that he isn't ahead by double digits? he still has a lead past the margin of error.

Romney? LOL!!!!! All his Gaffes, Driving around with a dog on the roof, Joking about moving factories, Saying he likes to fire people, His campaign manager saying that he's an Etch-a-skectch, Always bragging about his rich friends, Saying that he's "unemployed" while he still earned hundreds of millions, Building a mansion with an elevator for his cars.

Anyone who thinks that high gas prices are enough for america to forget everything I mentioned (and more) and elect this buffoon is a fool. I'm not sure what america 009 is envisioning. Your side of the camp has gone so far off the reservation with government enforced vaginal probes, Anti-gay legislation and contraception arguments. In 2010 is was about jobs, the idiots that were elected seem more interested in fighting battles that were resolved over 30 years ago. Good luck but you don't stand a chance 009. There's always 2016.


USNA1999USNA1999 - 3/30/2012 8:18:19 PM
+3 Boost
Badgewhore2 please don't feel sorry for me as a VW owner(my wife's 2008 TOUAREG V8) since my current salary of 105K plus 35K in commissions plus my CDR/O5 retirement for 21 years of service (48K after taxes) goes a long way here in Jacksonville, FL and puts me on the top 5%.
As for you who are probably milking unemployment like most of the Obama supporters stop talking out of your behind.
I graduated from the Naval Academy and received an MBA from NPS in 2004. Gave 21 years of active duty for this Nation, what the hell have you done for this country? Blame whoever you want but this country allows anyone who wants to succeed and get ahead the opportunity to do so. None of you guys actually vote for what is best for the country, you are just voting on what is best for yourself. Stop the mooching and get a real job and let's stop giving hand outs since we have become the United States of Entitlements.


bfghemicudabfghemicuda - 3/31/2012 1:12:09 PM
+1 Boost
USNA1999. Thank You for your service in the Navy. Our Military service men and women are the best!!


USNA1999USNA1999 - 4/1/2012 10:41:06 AM
+2 Boost
bfghemicuda thank you! It has been a pleasure serving this country.
GO NAVY BEAT ARMY!


LexSucksLexSucks - 4/1/2012 3:21:02 PM
+1 Boost
It's going to take more than high gas prices for America to elect Romney. Good luck 009. But get used to another 4 years of progress. But it seems you'd rather go back to 2008? Unemployment is lower, The dow is at 14,000. That doom and gloom stuff doesn't work when when the facts are as clear as day.


USNA1999USNA1999 - 4/2/2012 12:20:44 PM
0 Boost
Badgewhore2 stop whinning and worrying about the haves and haves nots and take some accountability for yourself. The only "ignorant sheep" in this site is you who cannot handle an educated comment (I guess since you are not educated). We can all see thru you when your true colors come out. I am openned to any comments that will make this country far better that it is and stop losers like yourself which rely on handouts.
Stop whinning and hating about what you cannot have! I vote for whomever will make the country better and Obama is currently just doing the opposite. Why should I continue to pay haigher taxes to bail out people who purchased a house that couldn't afford in the first place, to continue to collect umemployment for not even trying to get a job and so on? The Government cannot solve everyone's poor decisions!


LexSucksLexSucks - 4/2/2012 3:57:13 PM
0 Boost
You vote for whoever Fox news tells you to vote for.


USNA1999USNA1999 - 4/2/2012 12:24:00 PM
+2 Boost
And Obama keeps saying this is "NOT Class warfare", just look at the comments here! This is full of haters, well it sucks to be you!


skytopskytop - 4/2/2012 6:16:29 PM
+2 Boost
odumbo and his incessant lies, frauds, corruption, deliberate violation of the constitution and the rule of law, his marxist/socialist administration and disregard for the American people are what DOOMED this feeble and hugely ineffective politician.

obama really has no genuine intelligence or skills. He is a rank amateur with a backgound in political corruption. He is just a Chicago crook who learned how to milk the system. Don't ever confuse deviousness with intelligence. obama is just a common black man who happened along when the socialist left democrat party was looking to pull a real quick one over on the gullible American public. That will never happen again.


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