Looks like the dollar doesn't care that interest rates are going up. It's resuming it's fall. What are we in for folks? When gas goes to $4/gal. undoubtably they'll tax the oil companies and it'll go to $6 like it is in England.
if the morons in congress in the 70s had initiated a progressive annual increase in the excise tax on gas at the pump, say 2 cents per year, they would have suckered americans into self-imposed conservation, they would have hastened efficiency innovation, they would have prevented the suv disaster, they could have funded trillions of dollars in research in ae and substantially reduced emissions in the process. Nah, a windfall profit tax makes more sense, get one big chink at once and squander it as usual.