Oil is stable in relation to gold price. Supply and demand has little to do with the price of oil. It is the falling dollar that has oil so high. If the dollar was stable a gallon of gas should be around $1.50 to $2ish. Gas price is the best indicator for the true inflation rate. That is why the fed does not use gas price in calculating inflation so they can hide the cold reality.
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Originally Posted by RageCash-Ben
supply and demand
oil is a limited product and will only ever increase in price
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