Ironically, nobody is investigating the shadowy cabal who is actually responsible, which is sad, because it'd be a very eco-friendly investigation, since most of the conspirators are in easy Nissan Leaf-range of the Justice Department offices.
See, when you churn out freshly-printed dollars at a brisker clip than P&G churns out Charmin, then those dollars become worth less, eventually reaching the point where the space between those two words is no longer needed:
It's not just gas prices, it's everything. Things aren't actually getting more expensive, the dollar is just losing value. It never ceases to amaze me how many people simply do not understand this.I've said it before, and I'll say it again: Complaining about rising prices is like standing on the deck of the Titanic and yelling that the sea level is rising. The sheer, staggering amount of debt and the astonishing rate at which we are racking up more is making the situation different not just quantitatively, but qualitatively than anything ever experienced by this country before. (And don't give me that "corporate welfare" and "tax the rich" class warfare nonsense: You could seize every penny of profit from every corporation in the US and siphon every millionaire's bank account dry and it wouldn't cover our bar tab for a year, not to mention pay the bills of all the incipient geezers who'll be sticking their hands out in the next decade.)
Meanwhile, China has bought more new cars than the U.S. for the second year running, and more and more Indians can afford cars, so there's more competition for oil and other raw materials from people in countries that aren't actively hostile to business and industry. Finally, there's always the chance of disruptions in the Middle East spreading to someplace where we actually do buy oil, rather than just Libya, whose oil mostly goes in the gas tanks of Renaults and Fiats. Interesting times indeed...