So.... how high will the price of fuel go now then?

[onyx39]

I am not sure of how much of a direct effect this will have on the price of petrol, but I suspect it will be the justification for another price hike?

http://www.bbc.co.uk/news/world-europe-16674660

[Kaelic]

First thought I had when reading that too this morning.

[Eversleigh]

Expect the political uncertainty to create volatility in the market but... OPEC is increasing supply this week, weak overall demand growth across the whole market, seasonal refinery maintenance suggests weaker crude globally into Feb so more likely to be a short term spike.

[james_tigerwoods]

Eversleigh said:

OPEC is increasing supply this week

But does that ever make a difference? When does supply go back down?

And are prices being held artificially high - tax aside?

[Lord Flathead]

It's just the beginning of a smoke screen which means we are about to invade Iran under the guise of "looking for WMD".

[onyx39]

Lord Flathead said:

It's just the beginning of a smoke screen which means we are about to invade Iran under the guise of "looking for WMD".

Not without Blair surely?

[Murph7355]

How much was petrol when truckers started blockades etc before? I'm sure it was much less than it is now...another rise will hurt for a bit and then we'll just accept it as always.

[Liszt]

80p/litre

[roachcoach]

Murph7355 said:

How much was petrol when truckers started blockades etc before? I'm sure it was much less than it is now...another rise will hurt for a bit and then we'll just accept it as always.

Didnt they make that a sneaky 'terrorist' offence now though? so they can basically disappear your ass for a month or so with no trial or comeback.

[fat80b]

Murph7355 said:

How much was petrol when truckers started blockades etc before? I'm sure it was much less than it is now...another rise will hurt for a bit and then we'll just accept it as always.

It was much lower than it is today...

http://news.bbc.co.uk/1/hi/uk/924574.stm shows year 2000, oil at $35 a barrel and petrol at about 80p per litre.....

My understanding is that all the people who were involved in the blockades last time have been told that any further blockading will be considered a terrorist act and the powers that be will be able to use the new anti terrorism legislation to lock people up.....

don't know how true that is or not...

Bob

[emicen]

fat80b said:

Murph7355 said:

How much was petrol when truckers started blockades etc before? I'm sure it was much less than it is now...another rise will hurt for a bit and then we'll just accept it as always.

It was much lower than it is today...

http://news.bbc.co.uk/1/hi/uk/924574.stm shows year 2000, oil at $35 a barrel and petrol at about 80p per litre.....

My understanding is that all the people who were involved in the blockades last time have been told that any further blockading will be considered a terrorist act and the powers that be will be able to use the new anti terrorism legislation to lock people up.....

don't know how true that is or not...

Bob

I passed my test in 1999 and distinctly remember petrol prices starting with a 6. 80p a litre must have been motorway services in the south east.

It was made a terrorist offence to hold any gathering over a certain number of people without Police permission, hence fuel blockades would be dispersed by the Police under that guise.

[Hooli]

emicen said:

I passed my test in 1999 and distinctly remember petrol prices starting with a 6. 80p a litre must have been motorway services in the south east.

It was made a terrorist offence to hold any gathering over a certain number of people without Police permission, hence fuel blockades would be dispersed by the Police under that guise.

Are you sure? I started driving in 1994 & it was 56.9 or 57.9p per ltr then.

[Greenwich Ross]

onyx39 said:

Lord Flathead said:

It's just the beginning of a smoke screen which means we are about to invade Iran under the guise of "looking for WMD".

Not without Blair surely?

He will return in a volley of gunfire riding atop his wing'ed chariot of death. Seeking peace.

[Soovy]

fat80b said:

Murph7355 said:

How much was petrol when truckers started blockades etc before? I'm sure it was much less than it is now...another rise will hurt for a bit and then we'll just accept it as always.

It was much lower than it is today...

http://news.bbc.co.uk/1/hi/uk/924574.stm shows year 2000, oil at $35 a barrel and petrol at about 80p per litre.....

My understanding is that all the people who were involved in the blockades last time have been told that any further blockading will be considered a terrorist act and the powers that be will be able to use the new anti terrorism legislation to lock people up.....

don't know how true that is or not...

Bob

Very true. The slack jawed stroke victim and his mates brought in the Anti Terror Laws in such a way as to allow them to jail anyopne who did anything like it again.

It won't happen.

[jbi]

emicen said:

fat80b said:

Murph7355 said:

How much was petrol when truckers started blockades etc before? I'm sure it was much less than it is now...another rise will hurt for a bit and then we'll just accept it as always.

It was much lower than it is today...

http://news.bbc.co.uk/1/hi/uk/924574.stm shows year 2000, oil at $35 a barrel and petrol at about 80p per litre.....

My understanding is that all the people who were involved in the blockades last time have been told that any further blockading will be considered a terrorist act and the powers that be will be able to use the new anti terrorism legislation to lock people up.....

don't know how true that is or not...

Bob

I passed my test in 1999 and distinctly remember petrol prices starting with a 6. 80p a litre must have been motorway services in the south east.

It was made a terrorist offence to hold any gathering over a certain number of people without Police permission, hence fuel blockades would be dispersed by the Police under that guise.

How as a nation did we ever let this kind of draconian law come into effect?

It beggars belief.

A government should always be afraid of the people

[roachcoach]

It was to stop the terrorists remember.

Funny, people thought those speaking out against it were tin foil hat wearers/hand wringing apologists....

[Tasmindevil]

Iran, Nigeria will all eventually effect the oil price but here's some thought for thought for those hoping to see a fall in overall fuel costs

The International Energy Agency (IEA) currently forecasts demand rising by 1.4 Million barrels oil per day annually and subject to the speed of economic recovery a supply crunch could be evident with current global capacity losing 3 Mbopd annually due to field decline !!!

Supply/demand !!!

[nelly1]

The imminent closure of Coryton won't be helping prices in the SE, especially this close to the Olympics.

Story here...

[Soovy]

jbi said:

emicen said:

fat80b said:

Murph7355 said:

How much was petrol when truckers started blockades etc before? I'm sure it was much less than it is now...another rise will hurt for a bit and then we'll just accept it as always.

It was much lower than it is today...

http://news.bbc.co.uk/1/hi/uk/924574.stm shows year 2000, oil at $35 a barrel and petrol at about 80p per litre.....

My understanding is that all the people who were involved in the blockades last time have been told that any further blockading will be considered a terrorist act and the powers that be will be able to use the new anti terrorism legislation to lock people up.....

don't know how true that is or not...

Bob

I passed my test in 1999 and distinctly remember petrol prices starting with a 6. 80p a litre must have been motorway services in the south east.

It was made a terrorist offence to hold any gathering over a certain number of people without Police permission, hence fuel blockades would be dispersed by the Police under that guise.

How as a nation did we ever let this kind of draconian law come into effect?

It beggars belief.

A government should always be afraid of the people

The vast majority of the UK population were watching Big Brother, X Factor and reading the Daily Mirror.

They never saw it happen.

[Eversleigh]

nelly1 said:

The imminent closure of Coryton won't be helping prices in the SE, especially this close to the Olympics.

Story here...

Yep just heard this also *SWISS EXCHANGE SUSPENDS PETROPLUS (PPHN SW)