In 2001 $4=£3 ; now £1=$2. If oil went up from $48 to $144 has it gone from from £36 to £72?

Question

I am trying to find out if oil price hike is as bad as painted. In fact if inflation taken into account oil has, on this basis only gone up by about 60%% rather than 100% or 300%. Still unfortunate and no consolation if you live in the US but for UK better than headlines suggest .

Or have I got this all wrong?

Answer 1

check your calcs.

It has gone from £36 to £57

Answer 2

yeah, of course

Answer 3

Yep, you got it right.