Oil and Gas Prices Being Manipulated Before Presidential Election?

Over the last two months, the price of oil has declined nearly 28%, falling from a record high of $147.22 to Friday’s closing price of $106.23.  Likewise, the price of gasoline has declined more than 11%, falling from a record high of $4.12 to today’s average price of $3.65.

These price declines have come as a relief for many Americans, as they have helped ease the pain at the pump and pushed down inflation in general.

However, as welcome as these price declines have been, some drivers believe they’re coming about due to reasons beyond supply and demand or economic weakness.

According to a recent poll on Daily Fuel Economy Tip, nearly half of us feel that the prices of oil and gasoline are being manipulated leading up to the November Presidental election.

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