Gas Prices

I didn't know this...but an interesting tidbit on rising gas prices now vs. the past.

"In the past, prices rose because of restricted supply; OPEC basically slowed production to jack up prices. This time, it is rising demand, because of American gas guzzlers, but also China and India.

A demand-led price rise is actually more bearable. If prices are rising because economies are growing, it means that economies have the vigor and flexibility to handle increased prices by improving productivity.

This is why we have been able to have oil prices quintuple and not face a global recession."

For Americans, it's also been the falling dollar.