It cost me $60 to fill up my gas tank this morning.Why are gas prices going up so dramatically? Gas is a global commodity. It's actually a problem of the devaluation of the dollar, not the gas price going up. It takes more dollars since each one is worth less. Why is the dollar value crumbling? Because the US government is printing dollars to pay the interest on our debt. As they use worthless dollars, the market balances by making ALL dollars out there worth a little less each. This is also called inflation. This is not sound monetary policy.
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