Mozart - just a question.

Years ago I read in a local paper that the US petrol prices  have been the lowest in the world.     This morning I saw an article that the price has gone up to  $7 a gallon - which means the price is $1,54 per liter,   In SA Rand terms it is R21,7 a liter -  which is above what a liter cost locally.   My question 0s the report true?    

As I understand it most cartage of consumer goods in the USA is done by heavy duty motor vehicles.   If the above is true  is there price rises in iro consumer goods in shops?

Lastly about a month ago  the Dollar Rand  Exchange rate was US$ 1 equal to R17,50   - when checking today it was R14.10,   SA is in state of crisis all the time - so what caused that rise in the comparative value of the Rand?            

Is that a question or a statement. You clearly know inflation has increased in the US. 

I know about inflation in the USA - but I am trying to find out what is driving price increases in the USA  and how it effects consumers.     .   

The Rand rose, along with many currencies....which in effect means the dollar fell. In the medium term view the dollar is still strong, but some of the positive sentiment has slipped away because of the huge deficit spending.

I have made a study of the CPI of the USA and the rise in prices has been the highest ever recorded since Jimmy Carter was President in the years 1977 to 1981  and that only 4 months into the Biden Presidency.

Some states have increased taxation on gasoline products - but that is not the only reason for the increase in gasoline and the problem is that the US independence from foreign sources for oil is being influenced by the weakening of the dollar against other  currencies.   

In this year alone the current  debts  of the US has increased  from $23 trillion  and would reach an amount of $30 trillion by the end of this year.    Part of it is due to the Covicd irus - but the fact is that it is a very small portion of the $7 trillion to be spent by the Boden Administration.   At least 80% of the said amount will be spent on social programs - that has the potential to drive inflation sky high.   

In the end the poor and working class people suffer the most under inflation - not the wealthy and the higher income people.   The latter has been suffering to survive for many years and price increases will just double their plight .             

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