.HOMER phoned it liquid gold. To Hippocrates it was "the terrific healer". These days olive oil is used to pan-fry vegetables or dress salads-- but it is once again becoming a luxury. In September prices reached their highest level due to the fact that documents began, rising through 117% year-on-year according to the International Monetary Fund. Olive oil is actually seventeen opportunities as useful as petroleum body weight for weight in 2019 it was actually 7 times much cheaper. Why has the cost soared?