JAXAshby wrote:

Consumer prices for gasoline are up sharply, without any apparent
reason.

gas prices are up because crude oil is priced in US dollars, and the US dollar
is falling relative to Euros etc.

US dollars are falling because US interest rates are so low they won't attract
foreign buyers of our bonds unless the dollar goes does relative to their
currency.

bitch about high gas prices or high house prices. They go hand in hand. Same
thing that causes one causes the other.



I suspect it has more to do with lack of refining capacity, and the
unwillingness of oil companies to spend some of their outrageous profits
building up their refineries.