Quote:
Originally Posted by White Magic
He's not totally wrong. The falling dollar mostly impacts the price of imported goods, and oil is mostly imported. Goods and services that can be had domestically aren't affected as much by the changing value of the dollar. Too bad most of the stuff we all use is manufactured abroad!
|
I'm not saying the weak dollar is not a contributing factor, but he seems pretty confident that it is the only reason gas is now $4.15. If you look at the fall of the dollar vs. the rise of the price of oil, it just doesn't match up. The dollar had a nice little climb back up in May & part of June and oil shot up at record numbers.