Why Everyone Is Wrong About Gas Prices

Everyone, of course, blames it on running out of oil.  what they ARENT accounting for is the fact that while the price in US dollars has nearly quadrupled recently, the price of a barrel of crude oil in euros has barely doubled in the same amount of time.  Had the dollar stayed even with the euro, gas would be under $2 a gallon.  so don’t blame bp, don’t blame the people providing the oil, don’t blame George Bush (well…), blame whoever’s bright idea it was to stop investing in the dollar.