In 2008, oil prices were 50 per cent higher than in 2022 but petrol was almost half the price.
False. Statistics show crude oil prices in 2008 were not 50 per cent higher than this year, nor was petrol half the price.
A Facebook meme claims that in 2008 oil prices were 50 per cent higher than in 2022 but petrol was almost half as much at the pump.
The meme, which has been widely shared in Australia and Canada (here, here, here and here), says in 2008 oil was $147 a barrel. This is false.
World Bank data shows crude oil prices ($US per barrel) jumped around in 2008 but only peaked at $132.83 in July. They started at $90.69 in January before dipping to $41.34 in December.
The price per barrel in 2022 started out at $69.96 in early January before rising steadily to a peak of $123.5 on March 8. At the of writing it was 109.5.
The meme also claims that in 2008 petrol cost $1 per litre and in 2022 petrol costs $1.83 per litre.
This Australian Institute of Petroleum chart shows the Australian national average for unleaded petrol (including GST) in 2008 was $1.36 per litre and for this year – January 1 to March 18 – the chart showed petrol costing $166.3 to $188.6 per litre.
According to Statistics Canada, in January 2008 unleaded petrol (in Canadian dollars) varied from $100.3 in Alberta to $115.3 in Quebec. Petrol prices for that year peaked in July ($130.3 in Edmonton, Alberta to $156.5 in Victoria, British Columbia) before plummeting in December ($69.5 in Ottawa-Gatineau,...
Human rights lawyer, Femi Falana, has accused President Donald Trump of being insincere on the death of an ISIS Commander, Abu-Bilal al-Mainuki. US President Donald Trump had announced the killing...