Fed Pushing Up Oil Prices

The weak US dollar is driving up oil prices, as investors are moving
out of dollar-based investments to commodities. Since the Fed began
slashing rates in late January, the dollar has fallen precipitously
across the globe, and oil has risen from $87/barrel to $107.

If the Fed continues to slash rates, oil may rise to over $120 or
higher, driving gas closer to $5/gallon. This may trigger the very
recession that the Fed hopes to avoid.

Rapidly Rising Oil Prices