Gas prices are rising due to the declining value of the dollar and to expectations of future supply. We could fix both of these, if we wanted to. Oil and gasoline prices are set in world markets. If the value of the dollar falls, prices rise. The dollar is weakened by excessive Federal Reserve liquidity and our high budget deficits -- not only this year, but stretching into the future. Inflation is picking up. This weakness is reflected in the dollar prices of all commodities, not just gasoline. We need to cut government spending to stabilize the currency, and the Fed needs to phase out...
Source: http://www.realclearpolitics.com/2011/04/17/rising_gas_prices_amp_the_declining_dollar_253935.html
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