lets not get sidetracked, We Have Lot’s of Gasoline, we are not using it, people are not buying gas, they are not going to work every day, businesses do not need it either for deliveries and such, they are ALL OUT OF WORK. See here http://www.freerepublic.com/focus/f-chat/2816264/posts
Usage is at an ALL TIME LOW and Exports are at an ALL TIME HIGH. The rising cost of Gas has more to do with the THEFT OF VALUE OF OUR MONEY than anything else, some people call it inflationthat’s why we need QE3 to finish off the destruction of the American Middle Class. Funny how everyone overlooks the fact that Counterfeiting is one of the only 3 crimes found in the Constitution itself, and is WHOLLY IGNORED.
You may be right. The Fed has created $900 billion in the last 12 months and is using it to fund government debt. M2 has grown at around a 14% annualized rate over the past 6 months. The price inflation is showing up in gasoline, groceries, etc. and may be just getting started. It certainly bears watching.