Gas Prices Rise For the First Time in Months
October 31st, 2006 | by Brian Carr |It appears the conspiracy theorists may not be right after all.
After falling fast and hard off of this summer’s record high prices, the average price of a gallon of gasoline has been on the rise during the past week - coincidentally the week before the 2006 mid-term elections.
After hitting an all-time high of $3.07 during the first week of August, the price of gasoline has been on a steady decline, falling nearly 30% to a 10 month low of $2.18 per gallon, which was reached on October 24th.
However, since hitting the low, the national average price for a gallon of gasoline has jumped to $2.24 per gallon - roughly a 3% jump over a week.
This recent jump seems to help squash the “Republican Gas Price Conspiracy” which more or less states that the Republican Party was able to manipulate gas prices this summer so that they would fall heading into the elections and help minimize Republican losses.
As with most conspiracy theories, on the surface there appeared to be some merit to the statements, however once you took a step back and looked at the situation rationally, it became relatively obvious that the conspiracy was rooted in a very unlikely scenario.
