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Oil macro analysis, page-144

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pilko3

6,809 Posts.

864

12/02/16

11:03

Post #: 17003443
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Originally posted by possum2 ↑

mick,

I remember paying 1.60 per litre quite a few years ago to fill up the tank. That's was when oil was trading around 110 per barrel. I filled up yesterday and paid 1.15 per litre. The oil price is now 27 per barrel.

WHAT THE *%$%$ IS GOING ON.

The amazing thing about this statistic is you never hear anyone complain about it and yet buying petrol takes a large chunk out of ordinary aussies budgets every week. It effects everyones bank account.

Bit like the oil price at the moment.

Bit like watching LNG surge to 56c this morning, only to be sold back to 52c thirty minutes later.

Many things cannot be explained. Your statement this morning was one of them.

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Gas price 1.99 us cents...now that is low!

LNG Price at posting: 52.5¢ Sentiment: None Disclosure: Not Held
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