Gas Prices?

• LJ

  

  Cleveland Buck wrote:

  And yes, the value of the dollar on the currency market does dictate if you can buy more or less oil, I didn't dispute that, but that is a market where the supply and demand of the dollar worldwide dictates the exchange rates. We could be running high inflation here, but still have the dollar priced well on the currency exchange. The overall national debt isn't going to change our exchange rates overnight.

  Ok, well it is pretty clear that the dollar is suffering on the currency exchange. The dollar index is down from like 120 in 2002 to 75. And we didn't run up $12 trillion in debt overnight, though I think they are trying to now.
  
  Like I said, I wasn't even responding to original point about the overnight price jump in gas. I was referring to oil prices in general.

  And I am telling you that the overall national debt is not causative to oil prices, barely even correlated.
• Cleveland Buck

  

  The size of this national debt correlates to inflation which correlates to a weaker dollar in the foreign exchange which correlates to higher oil prices. I didn't say it was the only factor, and it may not even be a big factor yet, but it will be as the dollar continues to plunge.
• LJ

  

  Cleveland Buck wrote: The size of this national debt correlates to inflation which correlates to a weaker dollar in the foreign exchange which correlates to higher oil prices. I didn't say it was the only factor, and it may not even be a big factor yet, but it will be as the dollar continues to plunge.

  You are about as correlative as the cash for clunkers program was on oil prices.
• noreply66

  2.61/2.64
• newarkcatholicfan

  

  2.40 in Hebron
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• noreply66

  2.57
• newarkcatholicfan

  

  2.40 in Hebron
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