Advertisement
YOU ARE HERE: LAT HomeCollections

Letters

Falling dollar a big factor in the rise of oil

June 29, 2008

While supply, demand and speculation are factors in the cost of gas at the pump, the weak dollar is also an important factor. As long as the value of the dollar is going down, the cost of oil will be going up. ("Speculating on why oil prices are soaring," Consumer Confidential, June 25.)

At a gas station between Highland Park and Pasadena, a sign on a pump read: "Sorry, temporarily closed for gasoline due to expensive fuel prices."

Stuart Rapeport

Los Angeles

Advertisement
Los Angeles Times Articles
|
|
|