Weak Dollar Boosting Prices at the Pump
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Regarding “OPEC Cuts Expected to Extend Pain at the Pump,” Feb. 11:
Gasoline prices have been rising, ostensibly, because of limited refinery capacity, the impending switch from winter to summer formulation, increased driving in the summer and the announced reduction in production by the Organization of the Petroleum Exporting Countries.
The key, forgotten reason is actually the weaker dollar, which directly contributes to inflation in this country, despite official pronouncements that a weaker dollar benefits our exports.
D.A. Papanastassiou
San Marino
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