Gasoline prices took a big jump yesterday, $3.15/gallon up from $2.79 -- for once, the day after I filled up my tank -- and this morning, the Local News had to explain to us proles What It All Meant:
Higher prices at the pump, the man with the microphone said, are the price we pay for a recovering global economy. 
So, I found myself wondering, they're not the result of pumping zillions of fresh-printed dollars into the "recovering economy" and thereby making each and every one of them worth a bit less? Oooookay.
Bonus point: "Hoosiers will keep on paying for higher fuel prices even away from the pump. More on that 'trickle-down' effect coming up." See, they tolja "trickle-down economics" was baaaad! (And, natch, rubes like us could not possibly grasp that it takes fuel to move, well, everything tangible from point A to point B and we pay for the gas as a part of the price we pay for the tangible item).
(Homework for the curious: compare oil prices to gold prices in various currencies. Betcha they track, with gold generally leading).
1. Yes, you pay more. Unless you pay less.
2. Corrected mispelling "prince" to"price".
He Worked On A Starship
2 months ago