Inflation has fallen again today and the price of oil has fallen dramatically in the last 6 months from up to $140 a barrel down to as low as $35 a barrel.
Yet albeit OPEC has reduced it's production by a few million barrels a day (not much compared to how much they increased production by during the boom) petrol prices, and although petrol is down from the hights of £1.18 per litre for unleaded, petrol prices are still only what they were a year ago when Oil was $80 a barrel. Am i missing something? Or is it just that the someone who was getting very very rich when prices were high is still looking to make record breaking gains?
