I'm all tears because the poor Saudis will lose their gasoline (and other oil product) support starting Jan 1 2016........happy new year guys/gals.
Their regular pump price is doubling from $.12 per litre to $.24 per litre.......so for us folks operating off gallons and dollars that means they went from about $.50 per gallon to $1.00.
This is a result of the 'per barrel' $'s dropping.........Yahoo article says they are lining up to get their last cheap fill.......shades of the U.S. during the first embargo when our prices passed a half buck in 1973.......thanks to a very young OPEC.