WASHINGTON - The price of filling up is creeping up.
With crude oil costs approaching $90 a barrel, analysts say motorists in the D.C. area and elsewhere may pay more at the pump this week.
According to AAA Mid-Atlantic, the average price for regular unleaded in the D.C. region is $2.82 -- just 1 cent higher than last week but 14 cents higher than one year ago.
The motor club says a spike in crude oil -- which posted a 6.7 percent gain this week -- typically precedes a spike in gas prices
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Oil is priced in US Dollars. The Fed has announced the creation of $600Billion new money.
ReplyDeleteOf course there will be price inflation
The Fed doesnt just create the money. Come on now. They are a bank. They loan the money others have deposited into their vaults. They invest the savings of other people while paying a small interest to the depositer for the priviledge of using the money. That is how banking works.
ReplyDelete2:02
ReplyDeleteWrong. They create money out of thin air. Sorry to burst your bubble.
The Fed creates money, booms and busts in our "business cycle" - which they completely control for profiteering.