The Republican Staff of the Congressional Joint Economic Committee has reported their findings as to one of the reasons gas prices are high. They found a direct connection between the Federal Reserve Quantitive Easing Policies (QE) and the cost of Gasoline.
By flooding the world with new money, the Federal Reserve has lowered the value of the American Dollar. With the Dollar weaker, it costs more to but a barrel of Oil to make fuel. QE and QE2 have added a total of $.56 to a gallon of gasoline.
The Federal Reserve has recently announced it plans for a QE3. I guess they want gasoline to reach $5.00 a gallon.
2012 is coming!!!!