Please remember that the price of oil is in US dollars- as the US dollar has appreciated the price of oil has dropped- but in real terms it has remained constant or in some cases increased slightly. Considering the current demand for oil, world production must increase and the cost of production to do this is also increasing- so in real terms oil stands to increase in price along with all oil related products. Considering oil is the basis for all energy pricing, Gas, electricity, all types of fuel stand to march increasingly foward. IMO DYOR
the real price of oil
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