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The US Dollar and Petrol Prices


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The US Dollar is weakening and petrol prices are going up. This does not make sense.

Because of the weakening US Dollar we in the UK are in a position to buy things priced in dollars for fewer pounds, so why is petrol going up when oil is priced in dollars? I know that oil prices are going up, but there is no economic reason why prices at the pump should be going up in the UK. Its another case of the majority of people have no idea what any of this means so lets take this opportunity to fleece them.




If this is not the sort of thing to be posted here - I apologies - but it is something no-one seems to be addressing anywhere that I can see

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