Clearly we’re seeing some of the supply-and-demand statistics play out and we’re seeing low fuel prices, we may see that for a certain amount of time but our medium and long term view is that they will go up.
Ford CEO Mark Fields (link)
Of course they’re going to go up. That’s what they do. They’re only down at the moment to strengthen the Saudi grip on the oil markets because they’re the only oil producers with the reserves to weather out a price war. That major oil producers are playing a game of chicken – oil is currently plentiful (as US oil production has reached a new high not experienced since 1983).
Enjoy the reduced prices for a while because they’re going up again soon.