Quote:
Originally Posted by ankit
These price jumps are because of the $102 a barrel of crude oil hike that occurred in the last couple of days. I think that one of America's main refineries went up in blazes or something causing this one.
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My understanding is that the oil price today at $102 is actually oil futures. That's the price per barrel in April. So the prices we're paying today were based on oil when it was in the $90's. So yea it aint going to get ay cheaper in the upcoming months.
Stagflation.
