This week it is the turn of Saudi King to opine that the Crude oil prices are likely to stay firm due to high demand , and he said that oil consuming countries must reduce their local taxes and levies if they are really serious about reducing the burden on common man. This has sent the crude oil cruising past the all time high of 144 dollars yesterday.
World over the gas prices which are still at a steep discount to the crude oil prices might catch up in coming months as winter season approaches.