naturegirl
Gold Member
Oil prices arent high right now. In fact, they are unusually low. Gasoline prices would have to rise by another $0.65 to $0.75 per gallon from where they are now just to be normal. And, because gasoline prices are low right now, it is very likely that they are going to go up moreperhaps a lot more.
This is what the writer (who is just some dude contributing to Forbes) had to say in the linked to article. Oil prices are not high right now.
And I am supposed to give credence to what this guy says? Not likely.
He pegs the price of a barrell of crude to the price for an ounce of gold. If that is true, then we should be seeing a drop in gas prices today because gold took a hit yesterday.
Anyone think gas is coming down today?
Does anyone think the dollar is not declining in value by the minute?
Oil prices are pegged to the US dollar and the US dollar is worth less so of course oil will seem higher.
It ain't rocket science.
So $4.00 dollars a gallon, making it to $5.00 by summer is no big deal because the dollar is losing value??