Let’s see how it looked in May-June 2022. Gasoline prices at the pumps in FBiH reached 3.50 KM, if I’m not mistaken, a post-war record.
At that time, Brent on the LON exchange was around USD 120 per barrel, and EUR/USD was around 1.05.
Brent closed yesterday at 103, so it is still far from the 120-130 zone that was in 2022, and the USD has weakened a lot in the meantime. Yesterday, EUR/USD closed at 1.1416.
So USD is much weaker, which means that oil should be cheaper than when EUR/USD was at 1.05.
Market-wise and based on the price of futures on the stock exchange, but also based on the price expressed in dollars, we should stay below 3.50 KM.
I deliberately did not take inflation into account for the sake of easier comparison (then USD 120 from 2022 would not be USD 120 now, nor KM 3.50 from 2022).
What do you think if we go over 3.50 KM towards new records?
PS My Polo 1.0 looks sexy now (I’m sorry, it doesn’t look even now…)
https://www.reddit.com/gallery/1rtx45d
Posted by RelevantBee6453
3 Comments
Ja ocekujem preko 3,5marke.
Manje je i Rusija u igri. Bila je inflacija. I barely bi mogao i na 150 skociti.
EU uvozi oko 15 % nafte od Amera i 15 % otprilike od Gulf zemalja. Sta ce sada Ameri uraditi, hoce li povecati export ka EU i iskoristiti ove cijene, ili ce cuvati za sebe. EU je bas ovdje vulnerabilna, a i mi sa njima.
Barel ce iduce sedmice na $150, Trump salje ground troops. Ne bi me iznenadilo da barel predje $200 u Roku od mjesec dana.