alphacyberranger to World News@lemmy.worldEnglish • 1 year agoGlobal inflation fears as oil price rises towards $100 a barrelwww.theguardian.comexternal-linkmessage-square80fedilinkarrow-up1249arrow-down19cross-posted to: worldnews@lemmit.online
arrow-up1240arrow-down1external-linkGlobal inflation fears as oil price rises towards $100 a barrelwww.theguardian.comalphacyberranger to World News@lemmy.worldEnglish • 1 year agomessage-square80fedilinkcross-posted to: worldnews@lemmit.online
minus-squareJasSmithlinkfedilink0•1 year ago The price per barrel includes almost all those expenses, so inflation should be reflected there. Right, which means that the inflation adjusted price of oil today is significantly lower than it was in 2008.
minus-square@chiliedogg@lemmy.worldlinkfedilinkEnglish1•1 year agoYes, but the price at the pump isn’t reflective of the current price of oil, which is the whole point of what I’m saying. The price of oil hasn’t kept up with inflation while the price at the pump has outpaced inflation. There’s some fuckery there.
Right, which means that the inflation adjusted price of oil today is significantly lower than it was in 2008.
Yes, but the price at the pump isn’t reflective of the current price of oil, which is the whole point of what I’m saying. The price of oil hasn’t kept up with inflation while the price at the pump has outpaced inflation.
There’s some fuckery there.