yes, th oil is priced in dollars but the less euros the dollars will but, the higher the oil producer price the oil so as to make up for the dollars buying less and then the increase is passed on to the consumers in a higher at the pump price. 


--- On Wed, 4/30/08, Deri James <[log in to unmask]> wrote:

> From: Deri James <[log in to unmask]>
> Subject: Re: 10 dollar a gallon gas?
> To: [log in to unmask]
> Date: Wednesday, April 30, 2008, 4:27 AM
> On Wednesday 30 April 2008 01:51:53 ksalkin wrote:
> > I admit I sent my answer before reading of the huge
> profits of the oil
> > companies - they sure are greedy!  But I still think
> the weak dollar comes
> > into play in some form for us Americans regarding the
> price of oil.
> >
> > Kat
> 
> Hi Kat,
> 
> I thought the oil market operated in dollars, so a weak
> dollar impacts the oil 
> producer not the US consumer. I know OPEC would like to
> switch the market to 
> operate in euros, now that would impact US consumers since,
> as the dollar 
> weakens, it would cost more to buy the oil in euros.
> 
> Cheers
> 
> Deri
> 
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