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Remember though..QE2 is flooding the world with USD so it takes more $$$ to buy the same amount.
Our dollar is being devalued. We are doing a "slow" Zimbabwae.
The USD has lost 30% in the past decade. Yet our wages are not keeping up. So your paycheck is worth less and less each year.
Do you think that the loss in value of the dollar is responsible for supporting the global price of oil? If so, what caused the spike in 2008?
The economy has not picked up worth a hoot under this administration.
In fact, its gotten way worse.
Its been 2 years now & the time for excuses was over a long time ago.
Maybe you didn't read my post correctly and jumped the gun. I said if, when, the economy picks up, then the gas prices will follow.
The gas prices are going to average $3/gal next year, forcasters say. That is high for the current economic times we are in. But if there is any hint of a economic turnaround, the gas companies will be right there to slow it back down again.
well, it's obvious......obama isn't in bed with the oil companies, like we all know that evil George Bush was.
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Ya know....every time I see someone start a thread on a message board about gas prices, someone comes along with a holier-than-thou attitude and tells us how "lucky" we are to have it as cheap as we do.
Holier than thou? I thought that was your department.....Well the fact is you are lucky if that is all you are complaining about.
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Do those other countries rely on the trucking industry as much as we do? Do other countries drive as many miles as Americans do? Do other countries have cars with engines bigger than 4 or 6 cylinders?
Of course we do, and here in Canada those truckers have a lot further to go.
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Honestly...we are getting better the last few years--but our economy relies so much on cheap gas. It's not like we can just change overnight, or that it's any less of a hardship.
Have no fear, higher gas prices won't bring your world to an end....Up is the only direction they can go with shrinking oil supplies.
Only because the unemployed aren't driving to work every day. Demand in the US is down compared to that same time period.
What did people expect would be the result of his policies and drilling moratoriums? The price of oil has been inching up ever since the BP Gulf mess. Wait until the hike in the federal fuel tax goes up again next year.
Skyrocketing to? They've been hovering around 3 bucks a gallon for close to 2 years where I live.
The issue with W was that gas was 1.89 a gallon, and then a short time later it was 4.50.
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