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Crude reality: price crash means oil firms must slash spending


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Crude reality to me means that prices at the pump have come down to about the level of September 2019, roughly 8 yen off their recent peaks.

Some fun graphs on this page, showing either past month or year for regular, high octane, diesel:

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PS Or look at the past 5 years on the graphs above, where you can see how high pump prices still are.

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Once this is over these companies will look really cheap.

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50% drop in a barrel price and 4% drop at the pump. Something seems wrong.

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The oil companies are still shafting the consumer but the Japanese government acts like a docile pup....

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Brent crude $26/barrel. |t takes months before pump price drop.

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