Wednesday, April 19, 2006

Bush's Approval Ratings and Gas Prices

Is there a correlation between the price of gas and President Bush's approval ratings? This graph would seem to indicate there is one. However, I suspect that gas prices have reflected real and potential conflict and escalating tension in the Middle East including the war in Iraq, Palestinian terrorism in Israel, the Abu Ghraib controversy, Iran's nuclear ambition, the Mohammed cartoon controversy, and so on.

These news "events" are more likely to affect Bush's approval ratings and gas prices simultaneously--causing the two to appear to correspond to one another.

HT: JP at The Corner

3 comments:

Captain Ron said...

I have a great solution for high gas prices that I have never heard of in legislation. It would most likely be a state issue, rather than a federal government issue. I believe high gas prices are a major result of the popularity of SUVs. As a former owner of a gas-hogging SUV myself, I know what a problem they are when it comes to supply.

My idea would be an additional registration charge for an SUV. I would base the charge on vehicle weight, and would exempt farm trucks, buses, semis, etc. Someone who drives a Hummer should be charged 200 extra a year, maybe more. A Durango, which I used to drive, maybe $100 extra. Then pump that money directly into reducing gas prices.

Obviously Republicans would view this as a tax on the rich and wouldn't go for it. But rather than just give incentives for purchasing economy cars, start punishing the people who buy supply hogs. At $2.60 a gallon and a 30 minute commute, I would spend $400 a month on gas in my Durango. Eventually I had to get rid of it as should the rest of the people who are causing the strain on the poor.

Hummers are just plain obnoxious and should be forbidden from downtown urban areas.

John said...

Ron,

While I agree that Hummers and other SUV's are a menace on the road and are obscenely inefficient vehicles, I disagree with your proposal.

In fact, your own experience speaks to the market pressures placed upon SUV owners, and that such governmental pressures are unnecessary.

Most SUV owners will eventually face the same dilema you faced yourself. You could no longer justify driving a vehicle that averaged well below 20mpg when gas prices continue to rise.

I believe that government should stay out of the market as much as possible.

The demand for crude oil is not rising primarily because of SUV's, but because of China's development and demand for crude oil.

And I believe the cost of gas is largely due to government interference in regulating oil refining in the US.

Psyclist said...

WHOA!

Gas has a finite supply. We are nearing what is known as Hubbert's Peak. All of the "easy" to get oil is in countries that dislike us. Make no mistake that our interest in the Middle East is to secure our energy interest.

I could go on and on, but just go to my blog and read more there.

The cost of oil reflects only a small portion of the effect of government. Correct, environmental regulations increase the cost of operation. The component that is not reflected in the price is the cost to secure the energy. Our global fleet and mobilized troops are to be thanks for that. There is a significant amount of defense spending that is not reflected in the cost per gallon of fuel.

Think big picture energy. Growing consumers: China and India; Limited Supply (Hubbert's Peak); All the "easy" oil is in the middle east; we import over >>>75%<<< of what we consume. Too many pressures for gas to be as cheap as it is at $3 a gallon.

Go hybrid, the economics will be absolutely attractive by the end of the summer.

Like I said, I could go on and on and on.