[Mgs] new question

[Malcolm Jeffcock]

Fist a big thank you to all who supplied my with info on how the o/d works. Now that I know it is another thing that makes me say "cool" to myself.

New question isn't a LBC question but relates to oil prices. Gas has been going up with fluctuations through out 2007 basically along with crude oil prices. Looking at he chart at: 

http://futures.tradingcharts.com/chart/CO/M 

it looks like it was about $58US in January and is now $74US. On January 21/07 gas in NS was $0.91/litre now its  $1.06.5. almost a 20% increase See 

http://www.novascotiagasprices.com/retail_price_chart.aspx

Now my question according to: 

http://www.indiescribe.com/2007/09/loonie-trading-.html

the Canadian dollar has increased in US dollar value by 15% in that time. That being the case and since we buy oil in US dollars how come gas/diesel/heating oil have all gone up as though we were still buying with loonies that are worth their January value vs. the US dollar??? 

How is it that our increased purchasing power in the fund used to purchase crude does not translate into a slowing of the rising price of gas? 

                                                    Malcolm