Oil Companies way Smarter than the Public

Remember when petrol prices dipped under $1 a litre at the start of the year?

As this Crude Oil chart shows, Oil is currently trading below prices set at the start of the year yet I filled up at around $1.40 a litre today.

Crude Oil Full0915 Future

So why isnt petrol sub $1 now?

Could it be that the collective public is getting ripped off and outsmarted by some massive corporations / cartels at the moment?

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