Forum Discussion
cekkk
Oct 16, 2012Explorer
Weekenders: Seems the dollars we spend at the pump are of the same value as the dollars we pay for crude. So if if a devalued $ boosts the number of them required to buy a barrel, pump prices would necessarily increase by the same number of $$, all things being equal. (I know, I know.) So we must all accept the devalued $ hurts us at the pump.
But wait! If today it takes 20 fewer of those devalued $$ to buy that barrel of crude, I'm being told we still need just as many of those cheap $$ to purchase the pump juice?
I certainly hope Mr. Garner is correct, because if a drop in per barrel price does not show at the pump, it would then follow that any increase in cheap $$ required to purchase oil will not be accompanied by an increase in pump prices.
Thirty some years ago, a politician said he only knew of one person in the country who understood the dollar, and that was a mid level bureaucrat working at Treasury. Listening to the "experts" and watching them work tends to solidify the accuracy of that observation.
But wait! If today it takes 20 fewer of those devalued $$ to buy that barrel of crude, I'm being told we still need just as many of those cheap $$ to purchase the pump juice?
I certainly hope Mr. Garner is correct, because if a drop in per barrel price does not show at the pump, it would then follow that any increase in cheap $$ required to purchase oil will not be accompanied by an increase in pump prices.
Thirty some years ago, a politician said he only knew of one person in the country who understood the dollar, and that was a mid level bureaucrat working at Treasury. Listening to the "experts" and watching them work tends to solidify the accuracy of that observation.
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