It certainly looks like the upward spiral is getting a serious hike at present. Saudi has announced a determination to force prices upwards. One assumes that the cost of the war in Yemen is taking its toll and the arms deal with USA has its costs !!
The over all trend will suit most oil producers and allow them to get a great take from their production.
This is not good for the user. The cycle of dependency and alternate energy production will commence with vigor yet again while the ordinary citizen will pay !!
Reducing over all dependence upon motor fuels will help but the alternate energy source wont be cheap either so inflation will follow along with quite considerable labour unrest.
The cycle will be fulfilled!