Gasoline Prices and Dollar Prices

It's not that gasoline is more expensive; it's just that your dollars are worth less.  But neither the media nor the political establishment wants you to realize the real reason Americans are experiencing pain at the pump. Surging gasoline prices are back in the news, and President Obama shows his concern for Americans by doing what he does best.  He gave a speech.  Happy now? Of course the grumpy old conservative naysayers place blame on the Obama administration for the surging prices!  They point to the administration's denial of the Keystone pipeline and additional supply of Canadian oil sands as illustrative of an anti-energy policy that tries to dictate against the free market that we are all to drive flammable 40-mile/charge Chevy Volts.  They point to Obama's own Energy Secretary Stephen Chu, who believes that "[s]omehow we have to figure out how to boost the price of gasoline to the levels in Europe."  They point out that President Obama doesn't...(Read Full Article)

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