Why Gas Prices Rise as the Dollar Falls

I'm fed up with ridiculous gas prices...enough is enough!

I've been toiling over quite sometime about what to do with these ridiculous fuel price spikes which seem to take place every week or even daily now. I can't sell my car, since it's how I make my living, so I took a chance and purchased a water kit for my car online from Water4Fuel.info

My mpg's have gone from 26mpg up to 39mpg and it took me about 45 minutes to install it in my car. So far, so good...I'm only visiting the gas station two times per month now!

David Blackburn of NC @ Jun 25, 2008 16:58:09 PM

Drilling for more is NOT the answer

the answer is: 1. live within your means, as a household and a nation 2. buy locally, as a household and a nation 3. live cleanly, as a household and a nation 4. look for new sustainable opportunities/solutions, as a household and a nation 5. consume less, as a household and a nation. I'm not even really a leftie, just someone who recognizes greed, waste, irresponsibility and obesity (of all kinds) when i see it.

dairy godmother of NY @ Jun 18, 2008 14:35:06 PM

Give us the facts!!

Ms. Forbes answers: "And do they buy more?" with:

"Usually, yes. But it would still make sense to buy more if the price in your own currency goes down."

Please don't give us theories, give us the facts. Are other nations increasing their strategic reserves. Are foreign consumers suddenly using substantially more petrol products? Has worldwide demand increased proportionate to rising prices in the US?

Correct me If I'm wrong (I dare you), But the answer to all these questions is no. The American people are being victimized by gross speculation and corporate greed.

Just to remind y'all...oil traded at 8 dollars a barrel in 1999.

E McAdamz of MI @ Jun 16, 2008 13:57:40 PM

the problems in america

our president is our biggest problem he has made a mess of this country

lorie of LA @ Jun 15, 2008 23:40:50 PM

dont worry

whoever wrote "the american ego has to change" has to WAKE UP and ralize that we are living in a rich country and if a family can afford a boat/SUV whats wrong with having it???

oh, and by the way, what in the world does your rant have to do withg rising oilprices/the falling dollar?

oh, and i do agree about what you said that the rich have to practice humility- its the only way to go!

of IL @ Jun 15, 2008 20:26:14 PM

Not that complicated

I don't understand why it is complicated to imagine a falling dollar leads to higher prices of oil. Oil has an intrisic value that changes with supply and demand. That value has nothing to due with the currency it's valued in. If a currency gets weaker the oil price by definition will be higher when denominated in the weaker currency.

simpsonian of IL @ Jun 13, 2008 14:13:19 PM

The American Ego has to change

This country has to change its living standards, a family of 4 doesn't need a 2000 plus square foot house, a 3500 pound SUV to haul four people around, a boat the puts on about 30 hours of run time on in a year or less. High school kids in my generation in the middle 80's were working after school to earn a buck. Don't get me wrong , I'm all for higher education but to put education to use after college you have to get a job and work 40 plus hours a week and spend within your means. Not move back in with mom and dad and wait for a check to arrive in the mail. It's called a work ethic and it needs to be reinstilled in the younger generation. That doesn't mean more school sports programs , video games, and hanging out at the mall. It means if you live in a poor neighborhood pickup your own garbage and respect other peoples property. If your a fortunate wealthy individual practicing a little humility won't hurt you one bit. Sure you may have worked hard to get where you are but you can practice a little civility in your daily lives. In this country the rich are getting richer and the poor are rapidly falling behind, that calls for a drastic change in our tax code so the earned income taxes can be adjusted to even the playing field. I think a flat tax is a solution but what do we do with all of the tax preparer positions. This country is supposed to be a land of oppurtunity not a country of have, and have nots

Neal of NE @ Jun 01, 2008 11:47:42 AM

Close Minded Fools!

WHat are you people talking about, lower gas prices at all costs....I think they should go down. How are gas prices to be reduced when the worlds supply has reached its half way point this year. The Saudis and the rest of the world is in site of seeing their gross national product removed for good, of course they are going to charge us more. As to the complaining, suck it up this is America we reap the benifit of years of trade deals with these countries and subsequently pay less for gasoline than most of the world! Grow up and read a book. The reason for this oil problem is lack of education, lack of motivation. No one knows or cares enough anymore to change we are all going to see major changes in our standards of living due to our absolute dependency on crude oil. We drape our children in it, drive with it in cars made from its polymers. We are brought into this world into latex gloves (made from crude) and placed in a plastic bassinet. We shop our grocery stores for organic food drenched in a plastic bag that was chemical made from OIL! It is impossible to live our lives without being completly dependent on the stuff I am guilty too. What we must concern ourselfs with is how will we replace oil when it is goine, we have only been using the stuff 100 years and already half is gone, it won't take 100 years for the rest people, WAKE UP!

FndrsKprz of MO @ May 23, 2008 09:48:20 AM