Average Gas Price Poised To Hit $4 A Gallon This Week
Dollar index hits 3-year low
"“The price of oil is going up because the value of the dollar is doing down,” said investment adviser Chris Butler of Overland Park-based Butler Lanz & Wagler. “It’s going down because we’re printing dollars like there’s no tomorrow. If (Bernanke) is honest, that’s exactly what he wants to have happen.”
"When the value of the dollar falls, a higher price is necessary to bring global supply in line with global demand," Chris Lafakis of Moody's Analytic
Answer by cowboysgirl3227 at 12:23 PM on May. 4, 2011
No, it's not surprising. But what is scary is that it's deliberate.
Answer by QuinnMae at 12:26 PM on May. 4, 2011
Answer by yourspecialkid at 12:27 PM on May. 4, 2011
Not surprised at all. We are being run down so we have to rely on them and I think its all in their plan... UGH
Answer by amazinggrace83 at 12:27 PM on May. 4, 2011
Answer by gammie at 12:57 PM on May. 4, 2011
Answer by jewjewbee at 1:07 PM on May. 4, 2011
Answer by itsmesteph11 at 1:29 PM on May. 4, 2011
Answer by NotPanicking at 1:46 PM on May. 4, 2011
like I said, as of this morning, commodities are down and leveling off.
Answer by jewjewbee at 1:55 PM on May. 4, 2011