Oil Prices vs. Exchange Rates

I’ve been meaning to do some spreadsheet jockeying for quite some time now, to satisfy my curiosity about how much of the ongoing spike in oil prices is the result of a weaker dollar.

The good folks over at the Washington Post have partially addressed my curiosity:

Clicking on the graphic will take you to the full-sized one at WaPo.

Personally, I would have gone back a few more years to do the comparisons…but these charts are interesting enough to ease my curiosity — it really looks more like a function of oil costing more, than a crashing dollar.