Do the record high oil prices and unchanging gas prices prove that the US can control prices during election?

Oil prices hit a record high of $90 yesterday, yet gas prices have largely remained the same for some time.





Does this prove that the U.S. government can and will control gas prices during election months thus effectively removing gas prices as a topic during election?Do the record high oil prices and unchanging gas prices prove that the US can control prices during election?
No.


Oil prices are futures. Those prices are for November delivery. Come next month you'll start to feel the crunch at the gas pumps.Do the record high oil prices and unchanging gas prices prove that the US can control prices during election?
Free market, a memory?
Great question, I have often wondered this.


I have seen gas jump a $1.00 a barrel and the next day it is reflected at the pumps by .10


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If gas prices are based on ';futures'; why is it when a natural disaster or a refinery catches fire , it is immediately reflected at the pumps?
the government gets 50 cents a gallon I think. They could give that up to lower prices but of course polititians won't do that.
NO. Oil prices are set by OPEC ( The oil producing countries ) Standard oil and others here in the United States buy that oil to make gas and other products. They charge according to cost of manufacturing these products. Our Government ( U.S.A ) has no say in the price of those products. Elections or not the price we pay for oil based products is not deturmend by politics.
If someday you choose to exercise your control of Gasoline prices let me know.
this is not the all time record gas prices.....it is for our cost of living...but if you look back gas was outrageous at one point making it the highest of all time for that times cost of living...i think it was back in the late 70's...not for sure tho....
p48_p48 beat me to the punch. My husband works for an oil company and that IS the real deal!
Gas went up $.04 this morning, so what was your question
The election is still over a year away.
it shows they can control oil prices when their dollar falls faster then a rock.
Gas just went up 17 cents a gallon here. The reason they did stay a few cents lower is because the refineries in the U.S upped their production. Apparently, that isn't keeping prices down anymore.





Oil prices are up due to the threat of Turkey and the Kurds going to war which would effect access to oil from the Mid East according to the news. That is also why the stock market was down 360.
No, the free market controls oil prices.
No, it proves that the gas prices can and will be controlled during an election by the oil and petroleum industry to prevent the issue from hurting their (republican) candidates' chances of winning. Three months of stability helps buy 4 years of fluctuation, ';unofficial'; protection.





American greed at it's finest!
Those are futures speculative prices....not actual prices


Plus not all oil purchased is used to make gasoline. Oil also makes plastics, kerosine (Jet Fuel), heating oil etc. I'd willing to bet the heating oil prices are on the rise.....did you think to check that out? Probably not.


So, just because the price of a barrel of oil increases doesn't neccessarily mean that gasoline will increase.
yes also gas prices in canada while stll higher have not risen at nearlt sme rate they have here. The politicians understand that 3 a gallon is bout where they can let it go before storm
No. Expect prices per barrel to reach $100 by the end of 2008. But not especially all due to the election crisis.





As you may have noticed tensions in the Middle East are high. Should they escalate we will be cut off from major oil supplies. Carter put US there way back when. Gas lines... beyond price availability shall be affected. I believe the US is trying but can not alter the market as current events change daily.





Ethanol stock issaid to be the best buy right now. Even new studies with coke.soda's %26amp; beer sugars have made the news. But you need a diesel engine %26amp; then almost anything can be fuel.





It may be interesting to watch after the primaries where prices go. But doubtful they will stay low as long as threats to numerous pipelines remain evident.