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Subject:  Re: I predict $5 gas Date:  10/4/2012  4:25 PM
Author:  discurro Number:  1821211 of 2207753

If Obama gets re-elected we'll probably have $5 before his swearing in again.

I've never figured out this attempt by Republicans to link rising gas prices to allegations that Obama's economic policies have failed.

Gas prices move primarily with two variables: (1) the price of oil and (2) demand for gas vs. refinery output. (There is a major third factor in the price, taxes, but we'll assume that those remain constant.)

The last factor is that oil companies would prefer a republican president so the seem to engineer some crisis (refineries shut down for maintenance, etc) shortly before elections to ramp up the prices and damper the enthusiasm for the incumbents.
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