I am hoping that someone can help me out here..
In 2008, oil was above USD $100 per barrel (like $120 or so) and the AUD to USD was about 90 cents. Petrol at the pump was about $1.40 to $1.50 a litre.
Today, oil is sitting at around USD $86 and AUD to USD is $1.05...
Why are we still paying $1.40 a litre?? And that's E10 (10% enthanol).
