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a study by Yale economist Ray Fair shows that dating back to 1948, there is little correlation between election results and gas prices.
Take 1992. Gas prices were at their lowest levels in decades. The economy was pulling out of a recession. And the president had just won a war in convincing fashion. What happened next? Voters gave President George H.W. Bush the boot.
Fast forward to 2004. The economy was again pulling out of a recession ? but gas prices were at their highest levels in decades. What happened next? President George W. Bush was re-elected.
on to 2012, gas prices climbed dramatically in the months before Obama was elected.
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