Gasoline prices up, end 3 month slump

The average price of a gallon of gasoline rose 5 cents, according to survey of 5,000 gas stations.

CAMARILLO, Calif. (CNN) — Gasoline prices at U.S. pumps rose an average of a nickel a gallon over the last two weeks, ending three months of falling prices, according to a national survey released Sunday.
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Gas prices had fallen 84 cents in the previous 12 weeks, [publisher Trilby] Lundberg said. The previous survey, taken on Nov. 3, showed the average at $2.18, she said.
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She added that she expects little pump price changes in the near term, unless the mild weather turns severe, causing a spike in heating oil prices. That spike would also increase all petroleum prices, Lundberg said.

Another factor that could cause gas prices to rise in coming months would be a strong adherence by OPEC countries to their pledge to cut world crude oil production by 1.2 million barrels a day or another decision to reduce production when OPEC meets again next month, Lundberg said.

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I live in a predominately republican part of the country. To ask the folks around here about gas prices, THEY will tell you it’s election related; to help make the republicans look good during the election, then climb back up afterwards. Proving this theory is darn-near impossible, but only a fool would find it laughable.