Quote:
Originally Posted by trebuchet03
Does anyone have a chart of the fuel cost trends in Euros or in British pounds? I'm curious how much the recent rise in fuel (in the states) is due to economy crap versus the actual value of the commodity.
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I did a bit of math on this a few weeks ago. I had an interest as well because, as a Canadian, we've been somewhat insulated from the sudden rise in prices with the improvement in our own dollar, relative to the US.
Best I could figure, if the dollars had kept relative value, the price of a barrel of oil would be around $65, maybe $70 now with the most recent changes. Up from around $25 at the beginning of the Iraqi invasion, IIRC.
I didn't bother to keep the spreadsheet, but I think that's pretty close.