Thursday, April 21, 2011

$6 Gas? Could Happen if Dollar Keeps Getting Weaker

Jeff Cox, CNBC
A dollar plumbing three-year lows is hitting Americans squarely in the gas tank, and one economist thinks it could drive prices as high as $6 a gallon or more by summertime under the right conditions.With the greenback coming under increased pressure from Federal Reserve and investor appetite for more risk, there seems little direction but up for commodity prices, in particular energy and metals.

Source: http://www.realclearpolitics.com/2011/04/20/6_gas_could_happen_if_dollar_keeps_getting_weaker_254146.html

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