I have not seen the subject matter being discussed.
For a start i'll state the source of my example. Singapore.
I remember mid year when oil is ~$150, pump prices for 92 Unleaded was around $2.20 abouts.
Now that oil is ~40++, pump price is $1.523.
45/150 * 2.2 = $0.66
Price has not even touched SGD $1.00 yet...
Am i calculating it wrongly.
For a start i'll state the source of my example. Singapore.
I remember mid year when oil is ~$150, pump prices for 92 Unleaded was around $2.20 abouts.
Now that oil is ~40++, pump price is $1.523.
45/150 * 2.2 = $0.66
Price has not even touched SGD $1.00 yet...
Am i calculating it wrongly.

Still waters run deep