To: KantianBurke
$3/gal would be pretty close to covering dollar devaluation. There's a long term price to pay for printing money as a short term fix.
4 posted on
03/02/2004 8:19:17 AM PST by
steve50
("Every decent man is ashamed of the government he lives under." -H. L. Mencken)
To: steve50
You hit the nail on the head, my friend.
21 posted on
03/02/2004 8:29:15 AM PST by
31R1O
To: steve50
...$3/gal would be pretty close to covering dollar devaluation.....
I believe that only about 25% of the pump price of gasoline is impacted by dollar devaluation. The rest is refining, distribution, taxes, and pump margin.
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