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To: GailA
Consumers are being ripped off mightily because there's no real reason why prices are being hiked up. Whatever happened to the federal investigation announced in August 2003?
2 posted on 03/29/2004 2:35:19 PM PST by lilylangtree (Veni, Vidi, Vici)
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To: lilylangtree
Consumers are being ripped off mightily because there's no real reason why prices are being hiked up.

Sure there is. The price of oil today is higher today than it was a couple of years ago, primarily because the U.S. dollar has declined against almost every foreign currency -- in fact, it has lost about 30% of its purchasing power over that period of time.

3 posted on 03/29/2004 2:43:03 PM PST by Alberta's Child (Alberta -- the TRUE north strong and free.)
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To: lilylangtree
"Sure there is. The price of oil today is higher today than it was a couple of years ago, primarily because the U.S. dollar has declined...."

Which means, if you live in the U.S., your standard of living has decreased by that 30%. Paying more for fuel is just one area you feel that.
5 posted on 03/29/2004 3:13:04 PM PST by Fyscat
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To: lilylangtree
Changes in gasoline prices 1982-2004

The above link is to a PDF file which shows the per cent change in gas prices compared to other goods, from 1982 to today.

It is very informative, to those who chose (as I do) to believe API.

17 posted on 03/29/2004 5:10:48 PM PST by Michael.SF. (One Clinton in politics is 'probably more then enough'- b. clinton" (for once, I agree with him))
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