Why Are Gas Prices So High?

Gas, gas, gas. Something every car- owner needs . . . and have no choice but to buy it, admid the high price.

But why are gas prices so high in the first place?

The American dollar is becoming less valuable. Why? The Federal Reserve* keeps printing more and more U.S. dollars to pay the bills. As more and more is printed, the dollar drops. As dollars become more and more less in value, it will take more and more foreign money to purchase barrels of oil. Therefore, the price of a barrel of oil rises; in turn increasing the price of gas. When you purchase oil, you're using U.S. currency. However, because America receives its oil from other countries, we have to exchange our currency to the currency of that country or vise versa. When the dollar value is low, it will be more expensive which equals higher gas prices.

The National Debt of the United States of America, is over 14 trillion dollars. Because of the ginormous amount, the Federal Reserve* prints more and more money.

*The Bureau of Engraving and Printing actually prints the U.S. currency.
[click on "Bureau of Engraving and Printing" to go to their website]