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Gasoline Prices Down For Canadians, Up For Americans



 
 
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Old April 18th 04, 07:51 PM
William R. Watt
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Default Gasoline Prices Down For Canadians, Up For Americans

127.0.0.1 ) writes:

> I think that you're a know nothing fool, look at the increase in the
> value of the CAD for your reason that canadian fuel hasn't increased
> as much as US fuel costs


It's not an increase in the $CDN but a decrease in the $US which has
declined against most currencies because the US economy is not in good
shape. US interest rates are being kept low in an attempt to keep jobs
from going to India and China, and this keeps the excahnge rate low. Its
one way to lower the high wages of Americans relative to people in other
countries. American workers have pretty well priced themselves out of
jobs. American companies are automating to cut production costs, so as
business improves they are not rehiring laid off workers. Someday it will
all even out.

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