Gas Credit Cards Canada Why Gas Prices Are Rising---the Real Reasons?

Why gas prices are rising---the real reasons? - gas credit cards canada

First, you can not blame the Saudis (and Arabs in general). We have only 25% of oil imports from the Middle East. The rest comes from South America, Africa, Canada, Asia, and domestic suppliers.

The first problem is that oil in U.S. dollars traded worldwide. The dollar decreases the value, so buy more of them to a barrel of oil, bread, or any other commodity. This is the main cause of rising oil prices.

Deficit spending, the dollar declined in value, because we support. "In other words, Govt spends more than it takes to you and to me that the debt is personal, such as credit cards. The difference is that you and I can not print the money, the Govt can and will.

How many dollars we are in the market affects how much each is worth. If there are only five changes in the American world, each dollar buys a dozen aircraft carriers, one million of Mercedes, or the entire coast of California.