World News@lemmy.worldEnglish · 1 year ago

Global inflation fears as oil price rises towards $100 a barrel

www.theguardian.com

cross-posted to:
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Global inflation fears as oil price rises towards $100 a barrel

www.theguardian.com

alphacyberranger@sh.itjust.works to

World News@lemmy.worldEnglish · 1 year ago

cross-posted to:
[email protected]

Rise of 30% since June follows increasing demand in China and production cuts by Russia and Saudi Arabia

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chiliedogg@lemmy.world
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1 year ago
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.

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