Cheap oil and what it means for you

By John Collett
Updated March 5 2016 - 10:13am, first published February 17 2016 - 12:15am
Consumers are winners from cheaper petrol prices, saving at least $12 each fill, compared to the middle of last year. Photo: Simon Dawson
Consumers are winners from cheaper petrol prices, saving at least $12 each fill, compared to the middle of last year. Photo: Simon Dawson
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The price of oil affects the cost of living. Photo: iStock
The price of oil affects the cost of living. Photo: iStock

The crash in oil prices is difficult to overstate. In fact, the price has fallen by so much, the barrels carrying the oil are now worth more than the oil they hold.

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