Euro doing well - when will petrol fall?

[zcacogp]

As the title says: if sterling is doing well (which it is - currently at about a one-month high against the $) and the current high price of petrol is blamed on the weak pound, then when will fuel get cheaper?

I recognise that this is a bit of a non-thread, as we are all simply shafted both ways at the pumps; fuel goes up when oil goes up and stays up when oil comes down, so why expect the exchange rate to make things any different, eh? I just wondered whether any of the more learned types on here had any greater insight.


Oli.

P.S. Just got back from France, where super is about eur1:35.9, making it about £1.18p when you take the exchange rate into account. No longer do we have more expensive fuel than France.

[zcacogp]

shakotan said:

zcacogp said:

P.S. Just got back from France, where super is about eur1:35.9, making it about £1.18p when you take the exchange rate into account. No longer do we have more expensive fuel than France.

You appear to have that completely backwards...

eur1:35.9 / litre in France

Exchange rate at the mo = 1.148 euros per £

1:35.9 / 1.148 = £1:18.38p / litre

Agree with other sentiments posted tho'. Esp. about it getting more expensive. However, if (if!) the Tories get in and the currency strengthens then it may come down in cost. (At least, I hope so.)


Oli.

ETA: Shakotan - apologies, my mistake. I've just re-read your post, and mine ... I'll leave it all here as evidence of my utter numptyness!

Edited by zcacogp on Sunday 25th April 16:21

[zcacogp]

jagracer said:

Where do you think you'll get an exchange rate of 1.148 unless you are a city dealer?

Fair Q. I was just going from the current posted rate. I expect that things may not look quite that rosy when I get my bank statement ...


Oli.