when Big Oil said their drop in gasoline prices had nothing to do with the election. It seems that NPR’s Marketplace didn’t buy their story.
[I]n the run-up to the election, oil companies cut gasoline prices 500 percent more than their raw material cost fell.
He uses data from the Department of Energy to draw this conclusion:
Oil companies simply took less profit from their refineries for a short period of time. Could it have been to influence a political outcome?
Well, right after election day, the price of gas suddenly rose after two months of sharp decline. Post-election, refineries have slowed down, inventories are shrinking, and gas prices are climbing.
HELLO!?! New Congress? Can you do something about this?