Years ago I read in a local paper that the US petrol prices have been the lowest in the world. This morning I saw an article that the price has gone up to $7 a gallon - which means the price is $1,54 per liter, In SA Rand terms it is R21,7 a liter - which is above what a liter cost locally. My question - Is the report true?
As I understand it most cartage of consumer goods in the USA is done by heavy duty motor vehicles. If the above is true is there price rises in iro consumer goods in shops?
Lastly about a month ago the Dollar Rand Exchange rate was US$ 1 equal to R17,50 - when checking today it was R14.10, SA is in state of crisis all the time - so what caused that rise in the comparative value of the Rand?