Yes, Jane, the USD value is a huge driver of the cost.
A graph of oil prices, in Euro, would show this clearly — there’s been an increase, but it’s not huge. But prices have long been 1 Euro or so per liter (about a quart).
The current devaluation / inflation can’t stop until house prices stabilize — the last year’s worth of inflation is an attempt to save … Big Money Banks from their lousy sub prime mortages, so the $500 000 houses “worth” only $400 000 will avoid the owner walking away when inflation makes yesterday’s 400k equal to tomorrows 500k.
Don’t expect, nor ask, for a stronger USD until the foreclosure rate declines.
In the meantime, Go Nuclear! and drill off ANWR. And blame the Democrats for being against all alternatives, like Teddy K was against wind power (In His Back Yard).
