Arrow-right Camera
Subscribe now

Gas prices explained

Anyone noticed that the price of fuel came down with the reduction in quantitative easing, and at the end of QE it came down even faster? And reductions also happened with gold, silver and other commodities at the same time? Did you ever wonder how the rich were getting richer during the recession when banking was bad, business was bad, and small business was struggling?

One way would be to reduce the interest paid to average Americans and retirees to next to nothing by getting the Federal Reserve to buy bonds (print money) and reduce the interest rate for big spenders to borrow money to almost no interest. A little speculation, prices go up, and as if by magic the rich get richer.

Interesting how during a worldwide recession demand went up for commodities to all-time highs, and when the free money starts to dry up the prices go down when economies are starting to improve. Supply and demand? I think not. Think about it the next time an expert on the television tells you the reasons for the fall in prices are very complicated, or some other thin excuse. Or maybe it’s all just a coincidence.

Jon Stanescu

Sprague



Letters policy

The Spokesman-Review invites original letters on local topics of public interest. Your letter must adhere to the following rules:

  • No more than 250 words
  • We reserve the right to reject letters that are not factually correct, racist or are written with malice.
  • We cannot accept more than one letter a month from the same writer.
  • With each letter, include your daytime phone number and street address.
  • The Spokesman-Review retains the nonexclusive right to archive and re-publish any material submitted for publication.

Unfortunately, we don’t have space to publish all letters received, nor are we able to acknowledge their receipt. (Learn more.)

Submit letters using any of the following:

Our online form
Submit your letter here
Mail
Letters to the Editor
The Spokesman-Review
999 W. Riverside Ave.
Spokane, WA 99201
Fax
(509) 459-3815

Read more about how we crafted our Letters to the Editor policy