Oil prices on Thursday slid to their lowest level in more than a decade — so low that black gold now costs less than spring *water.
At Thursday’s close at $33.27 a barrel, oil now costs 79 cents a gallon.
By comparison, Shop-Rite on Thursday was selling three cases of 500-ml. bottles of Poland Spring water for $10.
That works out to roughly $1.05 a gallon.
The topsy-turvy oil- *water relationship was brought about by a 42 percent decline in the price of crude over the last six months as supplies hit record levels.
https://nypost.com/2016/01/07/oil-is-now-cheaper-than-water/
At Thursday’s close at $33.27 a barrel, oil now costs 79 cents a gallon.
By comparison, Shop-Rite on Thursday was selling three cases of 500-ml. bottles of Poland Spring water for $10.
That works out to roughly $1.05 a gallon.
The topsy-turvy oil- *water relationship was brought about by a 42 percent decline in the price of crude over the last six months as supplies hit record levels.
https://nypost.com/2016/01/07/oil-is-now-cheaper-than-water/
