alchresearch Posted October 15, 2008 Share Posted October 15, 2008 No,nor will petrol ever go below £1 per litre again It's happened today! http://uk.news.yahoo.com/21/20081015/tuk-petrol-drops-below-1-a-litre-6323e80.html Link to comment Share on other sites More sharing options...
liza D Posted October 18, 2008 Share Posted October 18, 2008 It's happened today! http://uk.news.yahoo.com/21/20081015/tuk-petrol-drops-below-1-a-litre-6323e80.html Yes, my god, i was so shocked, never thought i would see it. Did note that it was the supermarkets that had put the price down though, the gov haven't reduced the amount of tax they are getting have they? Don't know if this is going to help all those firms that are being crippled by rising fuel prices, thus adding to the cost of the goods they transport. Maybe we should all have a go at being old fashioned and only buying British. Link to comment Share on other sites More sharing options...
swissheavy Posted October 20, 2008 Share Posted October 20, 2008 It's simple really - the Oil Price back in August '07 is similar to what it is now; $73-74 dollars a barrel. Back then fuel was hovering around 90 - 95p. SO campaign wherever you can for the forecourts to release lower prices and for the Utilities firms to drop their prices back. This current Oil price has been like this for the last two weeks now!!! Link to comment Share on other sites More sharing options...
beansforyou Posted October 20, 2008 Share Posted October 20, 2008 The oil prices might be the same, but what about say, overheads? Freight costs? I doubt they are the same now as Aug 07. Link to comment Share on other sites More sharing options...
Heyesey Posted October 20, 2008 Share Posted October 20, 2008 Fuel prices don't NEED to be anything. They will be whatever the market will bear. Link to comment Share on other sites More sharing options...
millsands Posted October 20, 2008 Share Posted October 20, 2008 morrisons and i think asda have lowered price again today to 97.9 Link to comment Share on other sites More sharing options...
swissheavy Posted October 20, 2008 Share Posted October 20, 2008 Well there you go, that just proves me point. Sure other costs have gone up, but when you say freight - the biggest cost behind that is... Oil!!! As for demand - it is reduced - hence why the Oil per barrel price is low because the market isn't demanding it. It's the profiteering Oil companies not passing on the savings. Roll on another 3p+ Link to comment Share on other sites More sharing options...
convert Posted October 24, 2008 Share Posted October 24, 2008 The price of Brent crude has dropped again today; down to $61 at one point. OPEC must be pretty worried now that market forces are beginning to drive the price down to a sensible level, and the commodities traders move away from oil to make a quick buck elsewhere. I hope the weather's good next week, as I'm off all week and I can actually go out and drive just for the joy of it. Link to comment Share on other sites More sharing options...
theripsaw Posted October 24, 2008 Share Posted October 24, 2008 morrisons and i think asda have lowered price again today to 97.9 Sainsurys meadowhall - 97.5p Link to comment Share on other sites More sharing options...
Stormy Posted October 24, 2008 Share Posted October 24, 2008 OPEC have announced they will cut production in order to raise the price again. Get used to the high prices they're here to stay Link to comment Share on other sites More sharing options...
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