Petrol Prices - how bad will it get this year ?
Discussion
MiniMan64 said:
EDLT said:
Depends who wins the election.
You really think that's true?ian_touring said:
The Riddler said:
I'd rather be able to drive roughly 25 miles than smoke for a day.
Smooth is fast, not rough ETA good luck with quitting btw
Edited by ian_touring on Wednesday 10th March 22:39
And cheers, I'll need it!
All depends on the USD exchange rate, the recent devaluations haven't hit fuel yet, and are being priced in for April deliveries. Tax rises and absolute cost of oil in dollar terms will cause smaller fluctuations
How much more sterling falls does depend on the next government, and it's appetite for public sector destruction, and the likelihood of more printy printy from the BoE.
Oh, and if the US suffers some inflation later in the year and the fed puts their rates up a smidge, we're fked.
But anyone who says they can second-guess the FX markets - and isn't a billionaire - is lying
How much more sterling falls does depend on the next government, and it's appetite for public sector destruction, and the likelihood of more printy printy from the BoE.
Oh, and if the US suffers some inflation later in the year and the fed puts their rates up a smidge, we're fked.
But anyone who says they can second-guess the FX markets - and isn't a billionaire - is lying
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