A Weatherman’s Look at gas prices
Well here it comes, gas prices will increase to $3.60 a gallon for regular unleaded within the month. It seems to me that speculators are running up the price of gas by investing in oil futures instead of our American dollar. The way I understand it, the dollar is too weak against other currencies, so investors are buying oil futures. One reason our dollar is weak is because of all the interest rate cuts to stave off a recession.
Well here is my simple (or simpleminded) idea…Stop cutting interest rates, prop up the dollar, (yes I know this would make the recession real), but this then should drop oil prices which would drop gas prices, then folks could spend the extra money they have from the savings on gas. This money back in the economy would then stimulate the economy and get us out of a recession.
And you thought the drought was bad.
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I’m absolutely baffled by how oil has controlled every aspect of my life increasingly. Gas goes up. Food prices go up. Gas goes up. Rent prices go up. The only thing not going up is how much money we are making… or job security, which leaves a good many really hurting. The current trend isn’t working, so why not roll with your idea? Something’s got to give.