Methinks olive oil prices are coming down!!!!

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Hubby had to go to Costco today so I had him check the price. The 2 3-liter bottles were priced at $48.99. I haven't checked the price for a very long time so I'm not sure if the price has come down or not. I now treat my OO like a luxury oil, and use in small amounts if at all. I sure hope the price is starting to drop.
 
I thought the olive oil prices were crazy high when I was Costco the other day, but “global price” has been coming down according to the US Federal Reserve, link. This website shows declining prices for olive oil from Greece and Spain, but not Italy and also forecasts continuing price drops. I wonder how tariffs will impact the prices of oils and other supplies 🧐
 
I thought the olive oil prices were crazy high when I was Costco the other day, but “global price” has been coming down according to the US Federal Reserve, link. This website shows declining prices for olive oil from Greece and Spain, but not Italy and also forecasts continuing price drops. I wonder how tariffs will impact the prices of oils and other supplies 🧐
I wonder if Costco has inventory purchased at a higher cost, and if the price there will come down once that supply is gone. One can only hope. As for the impact of tariffs, I guess we will be finding out :(
 

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