.HOMER CALLED it liquefied gold. To Hippocrates it was "the great mender". Nowadays olive oil is actually used to pan-fry vegetables or gown salads-- however it is once more coming to be a luxurious. In September prices met their highest level since records began, increasing by 117% year-on-year according to the International Monetary Fund. Olive oil is seventeen times as valuable as petroleum body weight for body weight in 2019 it was seven opportunities cheaper. Why has the price shot up?