.HOMER CALLED it liquid gold. To Hippocrates it was "the terrific shaman". In these times olive oil is used to pan-fry veggies or dress tossed salads-- yet it is once more becoming a luxury. In September costs reached their highest level considering that records began, increasing by 117% year-on-year according to the International Monetary Fund. Olive oil is seventeen opportunities as valuable as petroleum body weight for weight in 2019 it was actually 7 times less expensive. Why has the cost skyrocketed?