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article imageOp-Ed: Average price of U.S. gas per gallon a record for election day

By Ken Hanly     Nov 6, 2012 in Politics
Washington - The average price for a gallon of regular grade gas in the United States this election day is $3.46 a gallon. This is a record high for election day, even though the price has already declined 35 cents from a month ago.

The state with the most expensive gas is Hawaii at an average of $4.27 a gallon, followed by Alaska at $4.12. The cheapest gas is to be found in Missouri at just $3.11, but South Carolina is close to that at $3.14.
The key battleground swing states, except for Colorado, have gas prices below the national average. Colorado is somewhat above average at $3.46 a gallon. Florida is $3.41. In Ohio, Virginia and Wisconsin averages are below $3.40 a gallon. In all of those states gas prices are somewhat higher than last year at this time.
The national average price for gas in the deadlocked 2000 vote was just $1.56 a gallon but even that was up 20% from the beginning of the year. This year the price is just 6% higher than the $3.28 per gallon on January 1st. However, the price rose to nearly $4.00 in April.
No matter who wins, gas prices are predicted to continue to fall until the year end. AAA forecasts an average of between $3.10 and $3.30 by the end of the year.
Some analysts claim that national elections cause gasoline prices to fall. As a matter of fact, average gasoline prices do tend to decline in periods before election day. This has been the case over the last two months as well.
However, critics of the theory point out that from July 4th to November 1st gas prices tend to decline whether there is voting or not. Nevertheless, the decline appears greater in election years. From 1991 to 2012 average gas prices per gallon fell 3.27% each year during the July to November period. However, in presidential election years the decline was as much as 7.6%. The average with congressional election years added in is still 5.35%.
In 2008, the price decline was a whopping 45% during the period. On July 4th the average hit an all-time high of $4.17 but fell continually after that. No doubt there will be theories that Obama managed to manipulate gas prices through a deal with Big Oil!
Perhaps Obama is at it again! The key swing state Ohio has seen prices decline by 55 cents a gallon since mid-September, one of the largest declines in the country.
This opinion article was written by an independent writer. The opinions and views expressed herein are those of the author and are not necessarily intended to reflect those of DigitalJournal.com
More about Gasoline prices, election days in US, Us elections, 2012 elections
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