September 21st, 2006

OK, I’m going on the record here. Within the next 30 days gasoline prices will drop below $2 gallon and the price will rise again after 7 November to the near $3 realm of a few months ago. And the American people will gladly take part in this political deception. We are so easily manipulated by our own greed and self-centeredness.

From USAToday:

When it comes to President Bush’s approval rating – the number that measures his political health – one factor seems more powerful than any Oval Office address or legislative initiative.

It’s the price of a gallon of gas.

Statisticians who have compared changes in gas prices and Bush’s ratings through his presidency have found a steady relationship: As gas prices rise, his ratings fall. As gas prices fall, his ratings rise.

For some Americans, analysts speculate, gas prices provide a shorthand reading of the general state of the economy. Even though prices at the pump are largely outside the president’s control, he gets credit when they fall – and blame when they rise.

Baaaaa…. Baaaaa….

15 Responses to “HERE’S MY PREDICTION…”

  1. molly says:

    sitting here with you, jeff, thank you for posting the story quickly because it is so true…where are our priorities when he can admit to having secret prisons where we torture and then so easily raise his ratings just by dropping gas prices???!!!

  2. Jeff Hess says:

    Shalom Molly,

    That’s true. You’re absolutely right.



  3. redhorse says:

    Unfortunately, Jeff, I think you’re right: gas prices will steadily climb again until they reach the three dollar mark.

    Didn’t prices fall about this time of year in 2004? I think so, but honestly don’t remember.

    I suppose it makes some sense that the oil president sees a popularity boost when the price of crude falls.

  4. tadvent says:

    Does anyone understand the theory of supply and demand? I’m not saying that because I’m a republican, but because I’m an investor.

    If you do a little financial research you will see that the high prices have made Americans conserve, the gulf coast is back up and running full boar and India and China did not use as much as expected in the last year. With the new discovery in the gulf there seems to be a glut of oil on the market. HENCE prices go down.

    If Bush wanted to control gas prices to help the election, he would have lowered the price in the summertime. I don’t think this late in the game the low prices will save Ohio for the repubs.

    Molly our priorities are where they should be. No one really cares about secret prisons where we torture terrorists for information. That is war. If I was a soldier I would expect that if I was captured I would get brutal treatment. Every country we have been at war with, including our own southern states have used torture to get information from our soldiers. I feel not even the slightest bit of shame if we do the same thing to people who are willing to strap bombs to their kids. In my opinion, by getting that information we are not only saving our own soldiers but we are closer to saving the region we are fighting in.

  5. Hi tadvent.
    No one really cares about secret prisons where we torture terrorists for information.

    I wouldn’t exactly say no one cares about those things. I know I do, and I’m pretty sure Jeff does – so that’s at least 2. I know that this topic is probably a seperate blog post in and of itself – but as the famous Republican President once said (my re-working) – if we’re going to be the “shining city upon a hill” – we need to act like it.

    Jeff – we were having this same conversation about gas prices yesterday at my place of employment. I wouldn’t be surprised if things go as you have laid out.

  6. tadvent says:

    Scott, my apologies, I do understand that a lot of people do care about this subject. You are also right, it is the subject of its own posting.

    Gas prices will go up for the winter heating season and the holiday driving season. September/October are traditionally the months of the year with the least useage. Think about it, the days are still somewhat long you are not using as much electricity, the days are somewhat warm so you don’t use heat (gas or oil) or AC (electricty) and kids are in school, there is far less long trips being taken place.

    This whole bush/election/gas price conspiracy just sounds silly to me. How one man can regulate gas prices is beyond my comprehension.

  7. molly says:

    i care tadvent, john mccain cares and anyone who believes in america cares about torture- at least thats how i feel about it.

  8. Terry says:

    Gas prices still haven’t dropped under $3 a gallon in eastern Washington. Sen. Maria Cantwell is pushing for an investigation into why, but I doubt it will happen. If the rest of the country goes back up over $3, we’ll proably be pushing $4 here.

  9. Jeff Hess says:

    Shalom Jason,

    I actually think that the trend points to a much more disturbing phenomenon: that Americans mostly vote their wallets; or, as James Carvelle put it: it’s the economy stupid.



  10. Jeff Hess says:

    Shalom Tim,

    Yes. I aced both Micro and Macro Economics in College. Gasoline prices, however, do not follow a simple supply and demand curve. There is no aspect of the American economy that is not effected by energy prices and the energy industry is well aware of the implications of its actions.



  11. Jeff Hess says:

    Shalom Scott,

    Tim does make a got point in as much as I agreed with Jason that Americans are driven by economic self interest.

    You’re absolutely right that when asked to face their moral position, most Americans would object to torture, but we’re not faced with it.

    It is sad that so few people are willing to move beyond the intellectual and take action.



  12. Jeff Hess says:

    Shalom Tim,

    That’s true. You’re absolutely rigtht. No one man can wave his hand and cause energy prices to rise or fall.

    However, as we learned at the end of the 19th century that a small cadre of men brought together by mutal self-interest are very capable of doing so.



  13. Jeff Hess says:

    Shalom Molly,

    And the World is a better place because you do care.



  14. Jeff Hess says:

    Shalom Terry,

    Prices here in Cleveland have dropped below $2 in some parts of the county.



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