You know, I really wanted to jump for joy as we pumped that $2.89 per gallon of gas over the weekend here in DC, but I just couldn’t. I’ve lived here for 5 years now and it never fails that whenever there’s an election be it local (primary) or national (presidential) that gas prices drop.
I don’t mean to inject politics into this blog because we are a personal finance blog but I’d like to discuss this issue, so feel free to skip this article if it doesn’t interest you.
Think about it. Well here in DC metro anyway, whenever a senate, congressional, gubernatorial or presidential election looms, gas prices magically come down, but otherwise they’re sky high. I feel like a damn yo-yo at times because just a few months ago I posted about the high gas prices and how it cost $70 to fill my then 2 door car. Now? $45. Sure, I’m happy with the lower prices but I hate feeling like my purse strings are being manipulated for some greater reason unbeknownst to me.
I can’t call the reason behind it but this is a pattern I’ve noticed over the years living here. So, Im not sure what goes on where you live but let me know if you see a pattern.
What do you think? Here’s a chart that depicts the gas price trends following the different elections we’ve had over the last 6 years. What say you? It’s election season, humor me.