Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 08-08-2011, 08:38 AM   #3054
Donger Donger is offline
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Quote:
Originally Posted by InChiefsHell View Post
So this is a result of our now shitty credit rating, is that correct? That's one thing I had heard that might be causing this. Un-intended benefit of a shitty credit rating?
Sort of. Today's drop is the result of the downgrade, but it's more to do with the overall state of our economy and the potential of a more significant drop in our demand for crude as a result.

I would think that the downgrade would weaken the dollar more, which should lead to an increase in crude pricing, but i haven't looked at the dollar today yet.
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