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Gas prices breech 3 dollars per gallon

Discussion in 'Economics and Financials' started by padre31, Jan 14, 2011.

  1. padre31

    padre31 Premium Member Luxury Box

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    inching to 100k posts

    http://www.reuters.com/article/idUSN1415083720110114

    Well, the political element to the US Economy is not doing Consumers any favors by keeping the drilling bans in place in the Gulf of Mexico and elsewhere as now OPEC has more leverage to raise prices.

    This is also an effect of a weak US dollar that will only grow weaker as more QE occurs, the value of a dollar is being dilluted and that is showing up in the price of imported goods..such as Crude Oil and Gasoline.
     
    Zach13 likes this.
  2. Zach13

    Zach13 Season Ticket Holder

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    The US drilling policy is a de-facto massive regressive tax increase on the public.
     

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