Oil Price — update

just heard some prediction that the price could reach USD 200. O my god. whats with global economy?

Oil Price

Photo taken from Reuters click photo to go to original site

Apparently oil price has gone price again. This morning i filled my motorcycle and found that the pertamax (98 octan gasoline of Pertamina) has rise from IDR7800 into IDR8500 (please find currency rate here).

The price is still below USD1 per liter. But for people who once live with oil price of IDF2500 (at the new regime era) the price looks ridiculous.