Remember when petrol was under $1 a litre? If oil prices are continuing to drop, why have does it cost so much to fill up these days? Economist and freelance journalist Jason Murphy explains.
Remember summer? Long, balmy evenings, sand and surf, that feeling of thong rubber between your toes.
And petrol prices dropping below $1 a litre. It was glorious. But, oh! So brief.
No sooner had you blinked than you were back in the office, it was raining, and filling up cost $1.40 a litre.
What happened? Every day we hear more about the global oil market taking an express elevator to the basement.