posted on Dec, 16 2012 @ 11:00 PM
Originally posted by timetothink
Still paying $3.78 a gallon.
End of bush's term prices were around $1.60.......there's your reality check......bama still sucks.
Was their article about the cost of gasoline per gallon where you are, or was it possibly about the national average for a gallon of 87 octane? Also,
while I don't entirely blame Bush and his congress for the economic collapse which led to tanking gas prices right at the end of his appointed term
(see what I did there? Heh), if you look at his average cost per gallon, compared to Clinton's (inflation-adjusted), you'll see the big
Here's the major factor: Debt to GDP. That's the main influencer in the value of the dollar. Over the past several decades, debt to GDP tends to
trend upward during Republican administrations, and downward during Democrat administrations. The rocketing upward trend of the Bush admin slowed
during Obama's first few years, and turned around in his 4th. What you're seeing now are the signs that the dollar is expected to continue to
strengthen (yes, yes, I know those guys trying to sell overpriced gold tell you otherwise.)
Watch and learn, as the next 4 years (probably at least the next 12-16) sees a downward Debt:GDP ratio, a strengthening of the USD, and lowering oil
prices (tempered by increased demand, of course.)
When investing (or sports gambling), it's always best to assume the general public is wrong, and the "big boys" are right. After all, they're the
ones pulling the proverbial strings.