a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
wasoxygen  ·  3469 days ago  ·  link  ·    ·  parent  ·  post: Oil prices fall below $80 a barrel

The ratio is about 16.4 now. The Economist last updated the Big Mac index in July, giving a U.S. price of $4.80. So 19.2 burgers cost $92.16, about 17% higher than the current price of a barrel of oil.

I project a burger price next December around $5, and a win for me if the oil barrel price is under $97 or so.