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morph |
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#1
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quality parts builder ![]() ![]() ![]() Group: Members Posts: 1,828 Joined: 25-November 03 From: oregon coast Member No.: 1,389 Region Association: Pacific Northwest ![]() |
I just paid $2.20 gallon for gas, and the prices are still going up, every day the price goes up 3 or 4 cents.
Hiedi |
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mikester |
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#2
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Member ![]() ![]() Group: Members Posts: 326 Joined: 18-June 03 From: CA Member No.: 837 ![]() |
There are a number of factors as to why our gas prices are so high but I think it really relates to the VALUE of the dollar itself more than anything else.
Take a look at the exchange rate to the pound and the euro over the last two years. I think you'll find that gas in GB and EUrope haven't gone up the percentage over the last two years that our $ per gas has. The Value of the $ is way way down - so honestly is makes sense that the price for a barrel of oil would go up. I think we could blame it on the multiple formulations, where we get our oil...all kinds of things to blame it on but the bottom line is the American Dollar has dwindled tremendously since 9/11. Thus our cost of living is going to go up in kind. The Pound: http://finance.yahoo.com/q/bc?s=USDGBP=X&t...l=on&z=m&q=l&c= The Euro: http://finance.yahoo.com/q/bc?s=USDEUR=X&t...l=on&z=m&q=l&c= I'd love to see a graph of the price of gas average in GB and EU. |
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