Europe along with Australia is releasing its stock piles of fuel and sending so many million barrells a day into the US. So once it reaches the people in need of it there should be know shortage for the moment.
Now I know its been a few years since I took my Economic exams at school, but if i'm correct when Supply increases Demand then prices come down due to a glut on the market for the short term.
So according to the RACQ we should feel some price relief at the petrol bowser, Mr Fites than when onto say thats provided the oil companies pass it on to the consumer, lets wait and see.
After whats been happening here in Queensland over the past week anything can happen, and yes i'm still seething about what Beatties response and his actions or lack of them with regards to Qld Health.
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