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Originally Posted by blahblah454
host, how does this fit in with Canada then? We produce vast amounts of petroleum, export tons as well, and have a rising dollar value. And yet we pay more for food, housing, gas, every thing costs more here.
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Average US & State combined tax at the pump for a US gallon of gasoline is .47 US per gallon, in Canada, you pay nearly $1.20 US for just less than 4 liters of gasoline!
http://en.wikipedia.org/wiki/Fuel_tax#Canada
You also enjoy a balance of trade surplus and a federal budget surplus. The US will go $1.5 trillion deeper in debt in the 12 months ending 9/30/08 in those two combined items....trade balance and federal budget. That is why your currency is so strong. You better seek a new principle trade partner though, because we're borrowing the money we pay for the lumber, petroleum, and other commodities you export to us. We won't be paying back the loans in current value dollars...if at all!