Well oil went up but in my city the cost of unleaded went up 25c /liter over the weekend...from 95c to $1.20 , so surely this is advantageous for Caltex at the bowser and to an extent should automatically offset the increased oil price. ( includes 2 Caltex service stations I passed )
Also at $40 a barrel the oil shale producers switch on full blast again
Think the yanks are going to cap production if in an unlikely event some middle east plus Russia does...
hardly.
Its a glut and will be for a long time.
cheers to holders
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