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A: It’s not because of Egypt and Libya

Q: Why are gas prices currently on the rise?

I haven’t watched the news in quite some time, but I’m picking up snippets around the web that certain folks are trying to blame the currently rising gas prices on instability in the Middle East.

The Gormogons have a very nice post explaining why this is not true, why the current increase in gas prices is predictable (and was predicted for just about now), and why food prices (especially fresh produce) will be next.

Here’s a hint:  There are consequences to printing a shitload of paper money deliberately causing inflation quantitative easing and these are them.

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