Oil and gas prices
Oil and gas prices
A Democratic-controlled Congress could mean both oil and gasoline prices will ease in the near future.

As a result of major investment in ethanol the last two years, supported by both parties, more of the corn-based fuel will be coming online next summer, according to Tom Kloza, an analyst at Oil Price Information Service. And the increase in supply should help ease prices.

Kloza also said Democrats will tend to focus more on conservation measures, which could bring down demand and further reduce prices.

Another difference with the Republicans: Democrats may be less tolerant of big investment money bidding up oil prices. "If you continue to see inventory increases accompanied by rising prices, the Democrats are going to say 'Hey, what痴 going on'," said Kloza.

In addition, the appointment of Robert Gates to succeed Defense Secretary Donald Rumsfeld could alleviate some geopolitical concerns for now, meaning less upward pressure on crude prices, according to a research note by Adam Sieminski, chief energy economist for Deutsche Bank.


With contributions from staff writers Jeanne Sahadi, Aaron Smith, Chris Isidore and Steve Hargreaves
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: テつゥ 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices テつゥ S&P Dow Jones Indices LLC 2018 and/or its affiliates.