Thread: gasoline prices
View Single Post
  #227  
Old 05-19-2008, 11:55 AM
Coramoor Coramoor is offline
GreekChat Member
 
Join Date: Jan 2002
Location: The Sand Box
Posts: 1,145
Send a message via AIM to Coramoor
I remember reading how a large part of the increase in the cost of gas is due to the weak dollar. A barrel of oil is still worth the same amount when set against gold as it was a few years ago.

The devalue of the dollar, due to stupid policies like bailing out homeowners that made irresponsible decisions and bought houses they couldn't afford (for example), is causing this increase.

It had some other examples...but I can't be bothered to try and find the article. Once again I'll just blame the democrats and their unsound fiscal policies driving the dollar into the ground.
Reply With Quote