he price of oil and gasoline are up because the Federal Reserve has driven the value of the dollar down. For example, if the dollar since 2002 had been as good as the: • Chinese yuan, the price of oil today would be $82 and a gallon of regular gas would cost about $3.10; • Euro, the price of oil today would be $77 and regular gas would cost about $2.90; • Japanese yen, the price of oil today would be $71 and regular gas would cost about $2.75; • Swiss Franc, the price of oil today would be $63 and regular gas would cost about $2.50.
Posted on: Tue, 21 Jan 2014 00:49:08 +0000
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