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Exchange Rates

Is the budget deficit responsible for high gas prices?

Friday, October 19th, 2007

Clara Jeffery, editor-in-chief at MotherJones, thinks so. In a post that received over 1300 diggs she notes: “Thus, of the $59 increase in the cost of a barrel of oil to a U.S. consumer, more than $30 is due to the depreciation of the U.S. Dollar and the fiscal and trade policies that have contributed […]