Gas prices hit a low on election day and have been drifting higher ever since

As these graphs illustrate, the price of gasoline at the pump dropped from a high of over $3.00 in August to a low of $2.19 on November 6, 2006 - the day of the midterm elections.

6 Month Gas Price Graph

1 Month Gas Chart

The day of the midterm elections was an inflection point for the price of gasoline. Is this a simple case of market forces at work? Or is it evidence of a conspiracy by the Republican Party/Wall Street Commodities Traders/Big Oil Companies to pacify an angry electorate with the sweet nectar of cheap gasoline?

Graphs generated by Gas Buddy

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