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Presidential candidates should be grateful elections are held in November

GasBuddy Blog -- When we discuss U.S. gasoline prices with reporters across the country it’s not unusual to hear many echo the local consumers’ anxiety; they want to know why retail prices haven’t declined more precipitously now that the peak summer driving season is behind us.

Many mistakenly believe that the U.S. president, whomever he might be, is the most powerful man in the free world and can surely do something to fix these gas prices. Some reporters, perhaps, naively believe this too.

The logician in me wants to ask them why they’re not asking: ‘what’s keeping crude oil propped up?’
NYMEX crude oil currently trades in the low $90s. That’s puzzling because the news from Reuters’ Ramya Venugopal out of Singapore tells us...

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Submitted Oct 10, 2012 By: PD

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KAR120CSII Champion Author Oregon Posts:3,193 Points:623,520 Joined:Apr 2010	Message Posted: Nov 10, 2012 7:09:06 PM Ignore KAR120CSII Report Abuse In regards to the 'Topic' message -- I think more than just the politicians are grateful it's over.
Gas4Gore Champion Author Detroit Posts:2,431 Points:425,825 Joined:Jan 2010	Message Posted: Nov 7, 2012 3:44:19 PM Ignore Gas4Gore Report Abuse You are kidding.
paulweb All-Star Author Ohio Posts:806 Points:356,420 Joined:May 2011	Message Posted: Nov 2, 2012 7:42:37 PM Ignore paulweb Report Abuse The US economy is so intertwined with the global economy, we may never see lower gasoline prices again.
KAR120CSII Champion Author Oregon Posts:3,193 Points:623,520 Joined:Apr 2010	Message Posted: Nov 1, 2012 12:08:51 AM Ignore KAR120CSII Report Abuse Yes, what's keeping crude propped up?
Bearcat500 Champion Author Cincinnati Posts:9,732 Points:1,633,145 Joined:Nov 2005	Message Posted: Oct 31, 2012 5:12:01 AM Ignore Bearcat500 Report Abuse OK
dcone2 All-Star Author Los Angeles Posts:929 Points:86,585 Joined:Jul 2012	Message Posted: Oct 16, 2012 4:35:35 PM Ignore dcone2 Report Abuse ok
Donatelo Champion Author Dayton Posts:1,127 Points:294,405 Joined:Apr 2011	Message Posted: Oct 16, 2012 8:55:56 AM Ignore Donatelo Report Abuse ok
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Oct 16, 2012 3:55:30 AM Ignore honda0105 Report Abuse can't wait for this whole charade to be over.
dcone2 All-Star Author Los Angeles Posts:929 Points:86,585 Joined:Jul 2012	Message Posted: Oct 15, 2012 5:29:13 PM Ignore dcone2 Report Abuse ok
Donatelo Champion Author Dayton Posts:1,127 Points:294,405 Joined:Apr 2011	Message Posted: Oct 14, 2012 7:43:36 PM Ignore Donatelo Report Abuse ok
txrojo2005 All-Star Author Austin Posts:768 Points:481,295 Joined:May 2011	Message Posted: Oct 14, 2012 8:28:35 AM Ignore txrojo2005 Report Abuse It is the Federel Reserve. Stop the printing of dollars and remove the printed money from the money supply; then the prices will go down. Economics 101.
garywa01 Sophomore Author Alberta Posts:130 Points:382,165 Joined:Jan 2012	Message Posted: Oct 13, 2012 11:03:36 PM Ignore garywa01 Report Abuse wish canadians could vote in us election
DrCashFlow Champion Author Massachusetts Posts:7,079 Points:1,630,050 Joined:Jun 2008	Message Posted: Oct 12, 2012 3:33:11 AM Ignore DrCashFlow Report Abuse voters are not grateful. there's no viable candidate, just the lesser of two evils
enhedman Rookie Author Seattle Posts:12 Points:169,700 Joined:Oct 2012	Message Posted: Oct 11, 2012 10:33:35 PM Ignore enhedman Report Abuse hmmm......
LetemEatCake Champion Author Oklahoma City Posts:5,615 Points:1,207,555 Joined:Mar 2008	Message Posted: Oct 11, 2012 9:51:01 PM Ignore LetemEatCake Report Abuse The President can't do more than he is doing. Talk to Big Oil!
bston Champion Author Oklahoma City Posts:1,830 Points:644,975 Joined:Mar 2011	Message Posted: Oct 11, 2012 9:35:18 PM Ignore bston Report Abuse They want to distance themselves from volatile controversial events.
07skydriver Champion Author Ohio Posts:3,270 Points:985,160 Joined:Feb 2009	Message Posted: Oct 11, 2012 8:17:35 PM Ignore 07skydriver Report Abuse Vote for Mhitt if you don't know s**t.
TruthMatters Champion Author New Jersey Posts:2,525 Points:535,710 Joined:Oct 2011	Message Posted: Oct 11, 2012 2:45:13 PM Ignore TruthMatters Report Abuse At this point they are grateful that anybody cares! Look at the choices that we have!
RoadKing95 Champion Author San Jose Posts:20,574 Points:3,606,165 Joined:May 2003	Message Posted: Oct 11, 2012 8:58:29 AM Ignore RoadKing95 Report Abuse clermont40miles - actually when you come right down to the bottom line who controls the purse strings to the CFTC? That would be congress and they have done everything in their power to block the CFTC. They cut their budget and even though Obama tried to get them to act on the speculators congress blocked them.
jrschl Champion Author Louisville Posts:2,982 Points:683,990 Joined:Jun 2011	Message Posted: Oct 11, 2012 7:32:22 AM Ignore jrschl Report Abuse Candidates, maybe, but the constituents should demand better/more selection to choose from. This is getting completely out of hand.
alex395 Champion Author Louisville Posts:2,055 Points:277,810 Joined:Jan 2007	Message Posted: Oct 11, 2012 7:17:11 AM Ignore alex395 Report Abuse Obama blamed Bush for high gasoline prices in 2008, therefore guess who gets the blame now. Obama is in charge and his policies are terrible ie..Keystone XL, drilling, Sec Chu saying we should be at $8-$9 a gallon like Europe. Obama wants all the credit when he sees fit so he also gets all the blame when what he does or doesn't do is unacceptable.
clermont40miles Champion Author Cincinnati Posts:10,588 Points:1,774,820 Joined:Apr 2008	Message Posted: Oct 11, 2012 7:08:30 AM Ignore clermont40miles Report Abuse Who does the CFTC answer to? In other words who is their boss? Ultimately it is run by the president. He names the commissioners who are confirmed by the Senate. These are the folks who are SUPPOSED to regulate commodities. Without regulation, speculators run amok. Forced to take delivery of product, they would never risk bidding on any commodity. Without restriction, they have turned commodities into another stock market with long and short trading in paper only. The president CAN influence what the commission does. This president wants high gas prices to bolster his green agenda, with one exception: during election season. He cares about power, privilege and perversion -- not about you, me or America. With the groups in power we've had since Bill Clinton, (Repub. & Democrat) the CFTC is complicit with the collusion and manipulation of institutions. They do not regulate anything. They may watch but they do NOTHING. Reinstate the Glass-Steagall Act and get commodities out of the hands of paper traders. This is killing us across the board. . [Edited by: clermont40miles at 10/11/2012 9:14:20 AM EST]
nb52 Champion Author Grand Rapids Posts:7,795 Points:1,549,775 Joined:Nov 2008	Message Posted: Oct 11, 2012 4:32:03 AM Ignore nb52 Report Abuse It is true President's have little control over the price of gas at the pump. The bulk of the media in the USA always blame higher pump prices on the administration, only when they are Republican. Now that a Democrat is in charge, nary a story of how high are pump prices.
ssnvet All-Star Author California Posts:608 Points:67,410 Joined:Mar 2012	Message Posted: Oct 11, 2012 4:08:36 AM Ignore ssnvet Report Abuse ‘what’s keeping crude oil propped up?’ _ Let's see, maybe 1,000's of new regulations?
Jeffro61 Champion Author Cleveland Posts:2,287 Points:2,288,645 Joined:Oct 2005	Message Posted: Oct 11, 2012 4:06:26 AM Ignore Jeffro61 Report Abuse Greed
oas Champion Author Maryland Posts:4,240 Points:2,143,365 Joined:Feb 2005	Message Posted: Oct 11, 2012 4:04:55 AM Ignore oas Report Abuse So, why is oil still above $90?
RonElp All-Star Author El Paso Posts:763 Points:109,620 Joined:Aug 2012	Message Posted: Oct 11, 2012 4:03:48 AM Ignore RonElp Report Abuse I believe the president is limited in what he can do. The oil countries are keeping the prices up as well as the US oil companies.Just do a price search on Exxion-Mobile... BILLIONS in profits. It's greed and the American consumer is paying for it.
rgpiccone Champion Author Philadelphia Posts:3,547 Points:693,005 Joined:Jun 2011	Message Posted: Oct 11, 2012 4:03:37 AM Ignore rgpiccone Report Abuse The president has little if any influence on the day to day fluctuations in gas prices, but has major influence in the long term. The energy policies of the Obama administration, with their restrictions on drilling and exploration, have certainly contributed to the high prices we are seeing today. If you don't believe this, listen to the words of his own energy secretary Steven Chu. Chu has said that we need to get our energy prices up to European levels, and they have made progress in getting us there!
Ferdman17 Champion Author Albany Posts:1,303 Points:377,460 Joined:Feb 2012	Message Posted: Oct 11, 2012 4:02:19 AM Ignore Ferdman17 Report Abuse Will it ever get any better???
JagXKR Champion Author British Columbia Posts:3,169 Points:1,093,480 Joined:Dec 2009	Message Posted: Oct 11, 2012 4:01:25 AM Ignore JagXKR Report Abuse It's the whole system and it's too big to change overnight or by one man.
Boo1989 Champion Author Atlanta Posts:7,183 Points:1,351,520 Joined:Oct 2008	Message Posted: Oct 11, 2012 3:58:44 AM Ignore Boo1989 Report Abuse "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." steven chu, obama's energy secretary.
mnrick041 Champion Author Twin Cities Posts:14,321 Points:1,371,385 Joined:Jun 2009	Message Posted: Oct 11, 2012 3:56:37 AM Ignore mnrick041 Report Abuse Romney 2012
blueeye All-Star Author Pennsylvania Posts:770 Points:611,020 Joined:Apr 2008	Message Posted: Oct 11, 2012 3:55:37 AM Ignore blueeye Report Abuse Congress is the biggest problem they just done care about the people
Lengas Champion Author Gary Posts:13,566 Points:2,720,700 Joined:Nov 2004	Message Posted: Oct 11, 2012 3:54:28 AM Ignore Lengas Report Abuse Big Oil Manipilation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
jeff95519 Champion Author California Posts:2,462 Points:1,356,190 Joined:Sep 2008	Message Posted: Oct 11, 2012 3:53:50 AM Ignore jeff95519 Report Abuse ok then what
ILVET Champion Author Illinois Posts:14,809 Points:2,928,540 Joined:Jan 2005	Message Posted: Oct 11, 2012 3:51:26 AM Ignore ILVET Report Abuse The President can do much more than he is doing
bababooey2 Champion Author Hartford Posts:6,362 Points:1,305,540 Joined:Sep 2009	Message Posted: Oct 11, 2012 3:50:19 AM Ignore bababooey2 Report Abuse whatever
Dailyrun Champion Author Kentucky Posts:1,992 Points:390,790 Joined:Apr 2012	Message Posted: Oct 11, 2012 3:50:10 AM Ignore Dailyrun Report Abuse makes no difference.
KentuckyWildcat Champion Author Maryland Posts:9,222 Points:2,197,305 Joined:Mar 2005	Message Posted: Oct 11, 2012 3:49:03 AM Ignore KentuckyWildcat Report Abuse 1 term president!
LeeFree Champion Author Pittsburgh Posts:9,166 Points:2,246,375 Joined:Jun 2005	Message Posted: Oct 11, 2012 3:48:15 AM Ignore LeeFree Report Abuse Congress, more than the president, influences gas prices through the laws they pass.
chuckwthompson Champion Author Charlotte Posts:3,770 Points:580,110 Joined:Sep 2011	Message Posted: Oct 11, 2012 3:48:13 AM Ignore chuckwthompson Report Abuse Vote November 6th!
aburns20 Champion Author Virginia Beach Posts:3,271 Points:676,955 Joined:Dec 2010	Message Posted: Oct 11, 2012 3:47:25 AM Ignore aburns20 Report Abuse More speculation
tc316 Champion Author Twin Cities Posts:10,796 Points:1,729,580 Joined:Apr 2007	Message Posted: Oct 11, 2012 3:47:09 AM Ignore tc316 Report Abuse Yawn
hawkman1950 Champion Author Michigan Posts:2,640 Points:543,480 Joined:Aug 2010	Message Posted: Oct 11, 2012 3:45:50 AM Ignore hawkman1950 Report Abuse What ever.
isem Champion Author Missouri Posts:1,941 Points:426,110 Joined:Feb 2012	Message Posted: Oct 11, 2012 3:44:51 AM Ignore isem Report Abuse Déjà vu
FMREALTOR Champion Author Florida Posts:6,420 Points:1,699,930 Joined:Jan 2007	Message Posted: Oct 11, 2012 3:43:38 AM Ignore FMREALTOR Report Abuse Speculation drives prices
Petrock Champion Author Lexington Posts:9,138 Points:2,560,685 Joined:Apr 2005	Message Posted: Oct 11, 2012 3:43:26 AM Ignore Petrock Report Abuse While the president does not set oil and gas prices, through the policies he pushes, he probably DOES have about as much influence on the prices as anyone else in the world.
momster1 Veteran Author Wisconsin Posts:448 Points:292,165 Joined:Mar 2011	Message Posted: Oct 11, 2012 3:42:32 AM Ignore momster1 Report Abuse Ok
Beau2140 Champion Author New York Posts:8,311 Points:1,660,085 Joined:Oct 2008	Message Posted: Oct 11, 2012 3:35:50 AM Ignore Beau2140 Report Abuse OK
SUPERSTEVIEO Champion Author Quebec Posts:3,523 Points:787,115 Joined:Oct 2010	Message Posted: Oct 11, 2012 3:35:16 AM Ignore SUPERSTEVIEO Report Abuse it's the american dream.... money and power... put these together, and the result is.........................