Gasoline prices haven't gotten much attention amid all the other bad economic news for Democrats heading into a final week of campaigning, but the price per gallon has climbed nearly 15 cents since Labor Day - a surprising jump, given that prices usually plummet before an election.
The cost of a gallon of gas has eclipsed the $3 mark in several parts of the country and clocks in nationally at $2.82, according to the Energy Information Administration (EIA). That's up from $2.68 on Sept. 6, and overall about $1 higher than the week of Jan. 26, 2009, when President Obama took office and the per-gallon price was $1.81.
Analysts say the surge in pump prices defies historical trends that call for a drop-off after the Labor Day holiday, which signals the end of the summer driving season and the traditional dip ahead of the November election season.
Tuesday, October 26, 2010
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