Consumer Energy Report is now Energy Trends Insider -- Read More »

By CER News Desk on Oct 28, 2012 with 13 responses

Falling Gas Prices Could Hurt Romney Campaign

Falling gas prices around the country have motorists breathing a sigh of relief, but a Mitt Romney campaign that has used rising fuel costs as a weapon during the lead-up to the presidential election may not be so happy to see pump prices dropping.

After relatively small drops over the first half of October, residents of some states are seeing prices as low as $3.20 per gallon, a major decrease from the $3.84 many drivers were paying only a few short weeks ago. While acknowledging that the cost of fuel is difficult to predict over the long-term, analysts remain optimistic that prices will continue to fall, potentially as low as a national average of only $3 per gallon, a rate not seen since 2010.

“Definitely gas prices are already falling and they’re going to continue to fall through the end of the year,” Oil Price Information Service analyst Ben Brockwell said. “The US average which was $3.80 just a few weeks ago is on track to go to below $3.50 here shortly.”

From a political point of view, the news of decreasing gas prices likely comes as welcome news to the Obama administration, as they continue to face increasing pressure from the Romney campaign over a perceived inability to keep a handle on rising fuel costs, most notably linked to Obama’s refusal to sign off on the much-maligned Keystone XL pipeline that would see fuel piped into the country from Canada’s oil sands.

On the other hand, the loss of the valuable political weapon by Romney only a few short weeks before the Presidential election could prove monumental, eliminating the popular Republican refrain concerning perceived Democratic responsibility for skyrocketing gas prices and potentially replacing it with the public notion that the Obama administration deserves credit for the unexpected fuel savings.

  1. By Eric on October 28, 2012 at 6:17 pm

    Lets not forget it was $1.87 when Obama took office so $3.00 ain’t anything to write home about unless you are a Obama supporter.

    • By Jared on October 29, 2012 at 12:13 am

      and under George Bush gas prices hit $3.50 a gallon, I fail to see your point.

    • By Chase Smith on October 29, 2012 at 11:15 pm

      Yet when Bush WAS in office in June and July gas was at an all time national average High. Average&city2=&city3=&crude=n&tme=96&units=us

      Was gas $1.87 When Obama took office yes has Gas gotten as high as it did when Bush was in office? no! Do you research!

  2. By Rick on October 29, 2012 at 12:17 am

    Actually, gas was $4.00 a gallon before Obama took office. That $1.87 price that you and other republicans like to glorify? It was a result of an economic crash and people couldn’t afford gas so the price dropped in the last 6 months of Bush’s presidency. Holding that up as some kind of “win” against Obama is like bragging you went on a crash diet program and lost tons of weight by amputating your legs.

    • By Tony on October 29, 2012 at 1:05 am

      Dont try muddle the  issue with facts.

  3. By Anti-****face on October 29, 2012 at 4:08 am

    You people need to go back & look again, gas did NOT skyrocket until FFace got into an orifice.

    • By pnnews on November 1, 2012 at 11:13 pm

      The average gas price in 2008 was $3.45.

      enough said.

  4. By Anti-****face on October 29, 2012 at 4:13 am

    AND regardless of WHEN it all started FFace has the power to do something about it! (but WON’T, unless it makes HIM look good)

    That is why it’s lower now or was until the gas company came up with ANOTHER excuse to cornhole us!!!!!

    • By Houston biofuel on October 29, 2012 at 1:51 pm

      If you really want to stick it to the gas companies buy Biofuel even if you think it’s more expensive 85 ethanol biodiesel natural gas etc.

      • By me on October 29, 2012 at 10:31 pm

        Pretty hard to burn that crap in an engine NOT DESIGNED for it – sheesh, so people!

  5. By ed on October 29, 2012 at 10:18 am

    Lets face it. You are only hoping gas prices will make a difference. Everyone is used to the ever changing cost of gas.  Mitt Romney was a very, very successful business man, a very, very sucessful governor and a very, very successful father and family man. I say lets hire the most overall successful person for the job  and not be a single issue voter.

  6. By Cody on October 30, 2012 at 10:31 pm

    Is this a joke?  Are you people seriously this dumb to forget the past 3 years and 11 months this guy has ruined?  “oh gas dropped right when he’s begging for our votes, yet he hasnt done anything his whole term to help.” hmmm…really?   Obama proved he needs out.  This generation of “entitlement” with hud, and foodstamps sitting around not working while I pay for your lazy worthless self.  All of these people love Obama and I can’t blame them.  Why would they want their checks to quit coming.  Romney took his state from debt to profit.  Plain and simple.  What was our debt when Obama got elected?  Didn’t he say he could cut that in HALF?  Thats why I voted for him.  And whats our debt now?  It DOUBLED PEOPLE!  Bottom line, America’s a business and Obama didn’t drop our debt in half like he promised us.  Someone else needs in there.  You guys can come at my comment with irrelivant facts I don’t care about.  Bottom line is what I said 3 years and 11 months go by and our debt doubles when he got our votes saying he would cut our debt in half.  Gas has been ridiculously priced and he hasn’t helped.  Now a week before elections gas drops and people seriously would vote Obama because of it?  Sure, lets forget the past 3 years, who cares right?  Shows his character taking claim for Osama, and these low gas prices.  Also, Obama would win in my opinion if he produced the passport, and other legal documents donald trump would donate 5 million to the families of the US guys that died in Syria (which was our fault, and Obama lied about it to us saying it was a youtube video for 2 weeks).  WHy wouldn’t he produce these unless he couldn’t?  Hes trying so hard to beat romney by taking credit for stuff he didn’t do.  If he produced a passport, college transcripts, and a original birth cirtificate  (which i had to do to get my dang driver’s license renewed!) he would shut up all the people questioning him not being born in the US.  Why wouldn’t he do it?  There’s only one reason he wouldn’t and we all know.  THis is all coming from someone who owns 3 small business’s and voted for Obama and am NOT biased toward democrat/republican just facts.  and the facts are obama lied about the debt, and just lied about the  syria incident, and let hiliary take the blame like a coward so it wouldn’t hurt his election.  He need out.  I beg anyone who’s voting obama to look up these things please.  In 4 years he’s doubled our debt.  4 more years we cannot afford guys!  Check Romney’s record he knows how to make money and Americas a business!  You can only spend what money you take in!  He understands that! 

    • By Gene Westerland on October 31, 2012 at 1:43 am

      The triple business owner is obviously upset.But rambling on and on will only win as whiners will. Let’s try and be to the point in a much more concise way. Also, people’s success in some areas as stated for Romney don’t guarantee or automatically translate into governmental success, good timing or savvy.Look how difficult it is to be successful in new and unrelated businesses. By the way, owning 3 businesses may or may not be significant to your points.

Register or log in now to save your comments and get priority moderation!