Dollar Rises, Oil Prices Fall


	Dollar Rises, Oil Prices Fall

blueridge

8-9-2008 3:09 PM

354 views

tags:

oil, gas prices, dollar, euro

blueridge says:

Again, oil drop had nothing to do with supply. Demand has fallen and the dollar per this article (vs. Euro) has gained. A weak dollar has been a critical component of high gas prices. In fact, oil has dropped even though a hurricane threatened the gulf lately too.

Oil has fallen, yet we have not seen a corresponding and equitable fall in gas prices (should be around 3.29 at this oil price).

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