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Dr Jekyll
Original Poster
5,524 posts
130 months
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Happy days are here again? Or will it go up again promptly?
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normalbloke
2,274 posts
88 months
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Ah, cheap fuel at the pumps. Hurrah!
Ah, ok......
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steviegunn
570 posts
53 months
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Price will depend on what the Saudis do, they turned the taps up when Libya kicked off, they could just as easily turn them back off to keep the oil price high.
Though with China slowing down Riyadh might see a high oil price as damaging to future exports if more countries look for alternatives and take serious measures to reduce oil use as part of a growth strategy.
I very much doubt oil will plunge to anything like $8bbl as it did during the 90s recession so I wouldn't go looking for a V8 just yet.
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DSM2
3,624 posts
69 months
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[quote=
I very much doubt oil will plunge to anything like $8bbl as it did during the 90s recession so I wouldn't go looking for a V8 just yet.
[/quote]
Petrol prices probably wouldn't come down if it did...............
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Deva Link
26,934 posts
114 months
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The dollar is strengthening so that works against lower pump prices in sterling.
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DSM2
3,624 posts
69 months
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Deva Link said: The dollar is strengthening so that works against lower pump prices in sterling. Hasn't strengthened much compared with the drop in oil price.
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Hoofy
47,925 posts
151 months
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DSM2 said: Deva Link said: The dollar is strengthening so that works against lower pump prices in sterling. Hasn't strengthened much compared with the drop in oil price. Indeed. The prices already fell 1p about 3 weeks ago. What more do you want? 
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thinfourth2
23,582 posts
73 months
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Well if fuel prices are dropping it is an ideal time for the tories to bring in the fuel price stabiliser Other wise known as the fuel is f  king expensive and will be no matter what happens to the oil price, ramp fuel duty up until everyone is f king walkingiser
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Jasandjules
45,410 posts
98 months
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Price of a barrel makes little difference when the majority of the price you pay is tax....
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Northern Munkee
4,036 posts
69 months
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It ain't coming down as fast as it went up, as they "big oil" know you've got used to higher prices now, so they're filling their boots on the quiet, and trying to offshore as much profit as possible while HMG plays along as it needs as much easy tax revenue as possible. And the sheeple are such a soft touch and short on memory.
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cerbfan
791 posts
96 months
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Come on oil back up you go, keeps me in a job and the rates high.
Is this a selfish view point?
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BlueMR2
4,775 posts
71 months
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DSM2 said: said: I very much doubt oil will plunge to anything like $8bbl as it did during the 90s recession so I wouldn't go looking for a V8 just yet. Petrol prices probably wouldn't come down if it did............... ....and i already have a V8  .
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longone
216 posts
109 months
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cerbfan said: Come on oil back up you go, keeps me in a job and the rates high.
Is this a selfish view point? no it's not selfish, oil price should be as high as is viable to encourage thrift. It's been manipulated down in readiness for QE3. I'd expect at least a $20 premium on today's price by the US elections. Is it an AJP or a S6? Colin.
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Hoofy
47,925 posts
151 months
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Despite what I wrote earlier, I just bought at 131.9p!
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Guffy
1,696 posts
134 months
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cerbfan said: Come on oil back up you go, keeps me in a job and the rates high.
Is this a selfish view point? I'm with you there too 
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eliot
5,322 posts
123 months
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BlueMR2 said: DSM2 said: said: I very much doubt oil will plunge to anything like $8bbl as it did during the 90s recession so I wouldn't go looking for a V8 just yet. Petrol prices probably wouldn't come down if it did............... ....and i already have a V8 . Just the one V8? - not even trying.
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martin84
5,366 posts
22 months
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Two problems I can see here:
1) The oil price goes so low the Chancellor's eyeballs turn to £ signs.
2) Eventually we all decide this Syria nonsense cannot go on any longer, get the guns out and the entire middle east is thrown into a decade long war leading to skyrocketing prices, Saudi's cutting us off as the 70s is relived.
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Tasmindevil
800 posts
109 months
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Production is being increased by 1.8m barrels a day, we are losing 3.8m bpd due to maturing fields, emerging nations still show realitivly strong growth plus oil has stayed strong through the downturn, not good indicators for a huge fall in crude prices
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Hoofy
47,925 posts
151 months
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The price has actually fallen at many garages by about 2-3p!
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smartypants
17,386 posts
38 months
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The price at the pump has fallen about 10-12p a litre over the past month, no headlines on that though!
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