The Falling Dollar and Rising Oil
It’s easy to be alarmed and scared when you don’t really understand what’s happening. In fact, the best cure for fear is usually knowledge. The recent economic changes have scared many. The rising oil prices have hit us all. The falling dollar value has scared us all. These are definitely correlated but should not be feared.
Oil is of course a commodity and commodities tpycial rise in price as the US dollar drops in value. So no surprise there right. However, there is another factor that many do not consider. We have been consuming under priced gasoline for years. That’s right, we’ve had it too good for too long. Now the prices are finally catching up and we’re crying.
Outside of the US there is not a single country that pays less than $8 a gallon. So guess what, we still have it pretty dang good here. So long as your paycheck is more than your gasoline costs then it can’t be that bad. If it is then get a moped.