Impossible!
We were assured by the greatest specialist in geopolitics, economics, oil trading, life after death, and cosmic quantic dimensional inversions that the oil barrel will hit $300 and that all Europeans will be driving donkey carts cause we won't be affording gas.
And the most ironic part is that damn, I wish some would not afford them because traffic has become impossible around here, for the first time I actually had to wait in the queue at the first highway entrance and stand in line for 10 mins at the barrier cause the shopping mall was full and there was no parking space available. So, some should really switch to donkeys because this keeps getting worse and worse and during the Christmas madness the whole city will be one huge parking lot.
There are two other reasons
- oil price is crashing, WTI is down to $72 and Brent to $78
- the euro has recovered against the USD, so if oil was 94 euros a month ago, it's just 74 euros per barrel, -20%
And there is also less demand of course, the agricultural work is done, people are not traveling long distances anymore and just roaming around the cities so it was expected.