Feb 022010
Here’s an interesting quandry for those so inclined. Have a gander at the graphed stats for crude oil and MOPS95 – Singapore Unleaded Petrol – and see of you can spot the inconsistency. Here’s a hint:
The A$ last week was at US$0.92, today it’s at US$0.8907. Why then is the price of unleaded petrol at my local up to 6 cents/litre cheaper today than last week? I’m allowing for the furphy which is the so-called ‘weekly cycle’. Yet more evidence that the consumer is being played for a mug? I reckon.