After crude futures turned negative in Q2, there seemed only one direction for prices to go – up! AIRINC’s quarterly comparison of petrol pump prices from Q2 to Q4 shows that prices in most researched countries increased, particularly our top five as ranked by percent increase: Zimbabwe, Suriname, Canada, Ethiopia, and Malaysia. For some, this is a cost-driven change; for others, this is a reflection of currency adjustments.
In 2014, I moved to Brussels to study business engineering at the Solvay Management School. Five years later, I found myself holding a Master’s degree, and I saw a wide range of possibilities before me. Luckily, I was in contact with a recruiter who put me in touch with a company with a mysterious name: AIRINC.
The COVID-19 pandemic has caused a historic drop in demand for petroleum products. In addition to reduction of fuel use for air and sea transport, on-road passenger travel has been impacted as consumers are driving significantly shorter distances and less often.
The rapid spread of COVID-19 has upended our daily lives. Besides the primary fear of an uncertain disease that has infected millions and killed tens of thousands, there are also the secondary impacts resulting in overrun healthcare systems, shelter in place orders, and inconsistent availability of food and other essentials.
During a recent survey quarter, I had the pleasure of surveying Athens, Greece. While I was on-site, I encountered several protests and demonstrations, which allowed me to really feel like an assignee, navigating the change of social disruption.
If it's not the most interesting job in the world, it's certainly one of them. AIRINC Cost-of-Living Surveyors travel all over the world for roughly six months of the year to collect pricing data. On the surface, this is the dream job for anyone that thrives on challenging global travel – the kind that takes grit and determination to grind through as you move cities on a seemingly daily basis. Instead of touring from site to site though, you move from store to store and source to source in each location, collecting data to populate a market basket of goods, services, housing, and hardship data.
During my recent survey, I visited the Avenue Mall in Manama, a seafront mall stretching for 1.5 km. It reminded me of the Avenue Mall in Kuwait because it provides an outdoor feeling with large glass windows and skylights, while protecting shoppers from the burning sun. As anyone that’s traveled to Bahrain knows, the country is a popular destination for residents of Saudi Arabia seeking recreation and malls are one of the top attractions. Numerous expatriates and Saudi Arabians visit Bahrain for the shopping, movies, restaurants, waterparks, and other activities.
Having worked as a surveyor for AIRINC, I can tell you it is one of the most unique and fascinating jobs in the world. On the surface, this is the dream job for anyone that thrives on challenging global travel – the kind that takes grit and determination to grind through as you move on a seemingly daily basis. Instead of touring from site to site though, you move from store to store and source to source, collecting data to populate a market basket of goods, services, housing, and hardship data.
On my last survey, a five-week trip across Africa, I visited Lagos, Nigeria and Cairo, Egypt, two of the most notorious traffic destinations in the world. These locations lived up to their hype, and I spent a lot of time sitting in traffic. However, I was surprised to find that Nairobi, Kenya’s traffic was almost as bad despite lacking the same level of notoriety. Nairobi’s three main issues are a shortage of stop signs and traffic lights at intersections, poor road quality, and incredible amounts of construction that disrupt traffic routes.
During my recent survey, I visited two small cities in Kazakhstan near the Caspian Sea. Oil is the main industry in this region, and these cities are no exception. The first of these cities I visited was Aktau, which directly overlooks the Caspian Sea. The city was originally built as an oil camp decades ago, and even now the city feels rural. The air in the city is dry and roads are not particularly walkable.