Wednesday, March 05, 2008
A question? Or a soapbox...
I've been wondering about this for a while now - if anyone has any idea, please feel free to comment.
On the news this morning they said that we may be paying upwards of $2/litre for petrol in the near future.
We have also been told that our fuel price is linked to the price of oil, which is listed in US dollars.
So this is where my confusion lies: oil is expensive. But, the US dollar is very weak at the moment, so doesn't that mean that technically we're paying less for it? We've gone from our dollar being worth US 60-70c, to now being worth US 95c.
Does this make sense to anyone? If i'm wrong, please feel free to correct me :)
On the news this morning they said that we may be paying upwards of $2/litre for petrol in the near future.
We have also been told that our fuel price is linked to the price of oil, which is listed in US dollars.
So this is where my confusion lies: oil is expensive. But, the US dollar is very weak at the moment, so doesn't that mean that technically we're paying less for it? We've gone from our dollar being worth US 60-70c, to now being worth US 95c.
Does this make sense to anyone? If i'm wrong, please feel free to correct me :)
