Online gauge had been showing hot inflation

towermonkey wrote: Perhaps because we are by far the largest consumer of energy in the world? The lack of energy policy is certainly not the only culprit but it is there. The largest culprit is obviously the wild printing press mentality of the Federal Reserve.

The US isn't the largest consumer of energy in the world by far anymore. America is about 25%, but China is 21%. I wonder when the Chicoms will pass us by.

And US demand for petrol is falling so prices should be decreasing, instead they continue to increase.

Read an article just the other day about the CPI- and compared with the same rules used in 1980- inflation is now running 9+ percent.

They have changed the definition so manytimes since then- that it appears there is no inflation- according to the FED.

Their liers and they know it. And yes- much of this has to do with the dollar in freefall.



Source http://www.marketoracle.co.uk/Article26984.html

BTW the MIT team has no obligation to provide anything to anyone......it is a private institution. NO one owes you anything.

Oil is currently "dollar" valued - so as the dollar weakens indeed the price goes up in less valuable dollars. At some point the dollar will be tossed out and a "basket" of various denominations will be used to value all commodities including oil. That day is assured.

BTW the PPI is the better indicator of inflation to come.