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why is gas rising again???

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  1. scgolfer scgolfer is offline honey let's go

    Peoria, AZ
    United States

    Posts: 1,245
    Joined: May 05

    Nov 9th, 2009 (11/9/2009 1:25am) in reply to Leet8s

     
    Originally Posted by Leet8s View Post

    no, definitely not protectionism. just the opposite, china and the us want their country to have a lower currency so they can export much more (or assets are cheaper to buy so foreigners more willing to buy them) which increases GDP. china is artificially keeping its currency low. if it was free floating it would certainly strengthen considerably.

    also, a currency that is free floating is for the most part free from manipulation. if you are saying that low interest rates by the fed = manipulation then w/e but i don't think that way

    Thats what Im saying, central banks in both countries using monetary policy to devalue their currency for economic purposes, obv not free floating. Protectionism maybe not be the correct word.

    Me being an Austrian, I believe the US plan to keep it low to help exports vs imports for jobs is stupid. Because on the other side(China) if we make our exports "cheaper" that makes their imports more "expensive" so they will do poorer economically thus wont have money to buy our exports to their country. If you can understand that.

    This is probably better at saying what I mean:

    "If we weaken the greenback in order to make foreign imports less attractive to US consumers, foreigners will lack the dollars to buy what we make. They forget that were the largest exporting country in the world, and if were debasing the currency, foreigners can buy less of what we produce."
    "What these guys also miss is the longer-term impact of a weak currency, adding, Inflation IS a devalued currency."
     
  2. bwbw80 bwbw80 is offline

    Conway, AR
    United States

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    Joined: May 06

    Nov 9th, 2009 (11/9/2009 9:54am) in reply to Seykota

     
    Originally Posted by Seykota View Post

    Prices usually go up around the holidays anyway.

    Actually, they continued to decline last year after the elections. Wife and I went on a trip for our anniversary and it was $1.33/gallon on December 21st.
  3. raisethis2 raisethis2 is offline

    Homer Glen, IL
    United States

    Posts: 3,062
    Joined: Jul 06

    Nov 9th, 2009 (11/9/2009 2:41pm) in reply to bwbw80

    Five pages of answers and the facts still have yet to be articulated.

    Currently, there is less refining going on in the US than there has been in years. That reduces supplies, increasing costs. Additionally, the price per barrel is now at about $82. that's the other factor.

    It's simple, the oil companies can manipulate these things all they want.
  4. norcaljeff norcaljeff is offline 2010 OT Thread Kill Leader

    San Francisco, CA
    United States

    Posts: 36,709
    Joined: Sep 07

    Nov 9th, 2009 (11/9/2009 2:50pm) in reply to AnonymousX

    because people will pay it.

    although I do find it odd that when gas prices went up under g-dub it was front page news for months, and now...
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