TwinTurbo.NET: Nissan 300ZX forum - Gas is high b/c dollar is valued low. Taxes etc, are
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Subject Gas is high b/c dollar is valued low. Taxes etc, are
     
Posted by Gordo 93TT Daytona on April 21, 2011 at 9:54 AM
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In Reply To Petrol prices posted by zx299 on April 21, 2011 at 01:44 AM
     
Message not the primary cause of recent price spikes; it is the US dollar being devalued. Other nations are beginning to worry about our high debt load and our ability to repay their T-Bill notes. They don't have as much faith and trust in the US dollar, sic. It is worth less than before. The other major factor is unrest in the Middle Eastern oil region. Both of these cause speculators in the world's oil markets to jack up option prices on the fear that one or both will cause long-term shortages.

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