Cheaper fuel prices on the way?

[CR]

Reading an artictle in The Times about Iran it's said ' Since last July, a barrel of oil has fallen from $78 to just over $50..'

The price of diesel is 87.9p at the moment and unleaded 85.7p, I remember when it increased from about $50 a barrel to $70 a barrel and the price of fuel skyrocketed! So howcome it's only gone down a few pence in the last few months???????

https://business.timesonline.co.uk/article/0,,19149-2565451,00.html

Bullsh*t isn't it.
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[st3v3]

[mark83]

The whole marketing world is geared towards "the oil running out".

Ask yourself this:

Would the carmakers still be investing so much money in conventional engine design if the oil really is running out?

Simple answer: NO.

Greenhouse gas emmissions and global warming, on the other hand, are a very real prospect (which is a completely different issue to oil reserves).
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[-Ali-]

in the short term i think it' will going down, but in the long term it will only rise

[CR]

[CR]

[st3v3]

up norf..

york
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[Kickstart]

[doggone]

How come its 96p in York?
Did you buy any lately - 84p in Middlesbrough.

[The Tot]

It's gone down to 83.9p in the midlands (lufbra). That makes me feel short changed whenever i go back down to london!
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[magpiemale]

[st3v3]

I will check and see what the average price is, I last rode nearly 2 months ago, although i doubt the price will have changed much....
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Roger wrote: Women don't get damp for clingy puppies. Get some better happy pills, hit the gym & buy a medallion the size of a dinner plate. Job done

[MattEMulsion]

Its like everything else, the price always rockets when something is in short supply. But when the supply is fulfilled the price never falls back to where it used to be.
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[THCi]

85-89 is common around me. Its supprising, going from Tipton (nearest petrol station to me is in Swan Village) @85.9 and at Womburne its 88.9, at Bridgnorth its 86.9 cheapest.

Area has a lot do with it, affluent area higher prices, scratty area cheaper prices it would seem.
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[MattEMulsion]

The cheapest around here, the Burton-on-Trent and Derby area is 83.9 for unleaded.
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Yamaha YZF-R6

[Itchy]

its more to do with fiscal policy and the fact that the pound is losing value , not cus the economy is getting weaker because Gordon Brown is printing so much money out , devaluing it , to pay for his fuck up of the economy.

Gas is so cheap it had a negative price a few weeks ago,

more money in circulation = lower value since its backed up by the same amount of gold.
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[TomR6]

[Finglonga]

83.9 in Stafford.
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[fredsredhat]

[Kickstart]

[rhone81]

We're taxed twice on any fuel we buy. First duty is added and then on the total we pay VAT.

It would be fairer if VAT was calculated against "retail" price, and then any Treasury imposed duty added on top.

eg. 23p/litre(retail)+50p/l(duty)+VAT=86p/l

23p/l+VAT+Duty=77p/litre

9p per litre every litre - someone might accuse the government of being crooks...

[syl]

[Itchy]

Only cus the USD is weakening even faster than the £ , when bush asks for 20bn extra they don't put taxes up 20bn they go to the fed reserve and print out 20bn extra dollars,
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Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.

[Zimbo]

What are you measuring the value of the pound against?
The £ has strengthened in recent months against both the US$ and the Euro, I can't see what major currency it's weaker in relation to?

[Kram]

most of the petrol stations round here are 83.9p a litre... Would be nice if it was cheaper though
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