Thursday, Nov 20, 2008
Yet petrol and Diesel is still too high!!!
Yahoo: Lowest UK Oil Price In Three Years
London oil prices have slipped below $50 a barrel for the first time since May 2005.
Posted by mark @ 03:47 PM (785 views) Add Comment
8 Comments
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1. whostolemyendowment said...
Petrol should be at least 5p per litre cheaper to follow the normal oil v petrol price trend. Why is Diesel staying obstinately high, and maintaining a +10p price differential on Petrol?
If the low oil price continues then this should filter through to the pump in the next month or two.....otherwise the oil producers + processors / petrol suppliers will be seen for what they are 'robbing b@stards'.
See this site - nice chart www.whatgas.com/petrol-oil.aspx
2. jack c said...
Sterling vs Dollar wont help as oil is priced in US$ and perhaps more importantly UK Gov needs to maximise revenue from fuel duty (I guess Tax receipts from elsewhere must be hammered at the moment?)
3. fjcruiser said...
everybody is busy restoring their margins, in all impunity as cartels do, whether we are talking banks, utilities, oil companies and the likes.
4. Kruador said...
Over 50p of the pump price is fuel duty. There was originally going to be a 2p increase in April, postponed to October, now postponed to who knows when. It also attracts 17.5% VAT.
I'd have to check my logbook to see how long ago the price I paid was below 90p/litre, but I think we're talking more than 18 months. The graph at http://www.whatgas.com/petrol-prices/unleaded-prices.aspx indicates around March 2007.
5. drewster said...
Give it a couple more weeks - there's a lot of lag built in to the system. Asda announced another supermarket petrol price war recently.
6. mark said...
lets face it, in the UK we are screwed on prices inc petrol...............
7. down wave said...
With the £ crashing against the US$, etc. and oil is priced in US$'s, how can anyone expect fuel prices to drop in the UK. As interest rate fall, the £ will fall further, so expect energy prices and unemployment to rise, and home energy consumption to increase, keep warm at home as your job place will be closed. The scenarios get worse with each passing day.
8. mountain goat said...
People can start buying GM gas guzzlers again