current gas prices, 2008 presidential election Contrary to the public's expectations, the current gas prices are not really going down as much as anticipated for this 2008 Presidential election year. Normally when there are big national elections, the price of oil falls and the economy improves because the party in control wants things to be good, so they help their party's candidate get elected, believing that their party is the best one to run the country. In the 2008 Presidential election, this is not happening. The current gas prices are at over $3 a gallon across the country, and the economy purportedly is slumping. The issues on the political table right now are complex and divisive, so it's not surprising that any single political party can't execute a quick fix for our country's problems right now. Current gas prices are driving inflation, and the sorry real estate market is depressing job growth. Then there is the billion dollar war in Iraq, which is driving our deficit into serious territory. So the next president will have quite a challenge digging this country out of the mess it is in currently.