Petrol prices falling?? 3ppl this week allready.
Discussion
Yesterday my local Sainsbury's dropped the price of unleaded by 1p per litre. Today I noticed they had dropped it a further 2p. It's now at 130.9ppl. I find it hard to get excited by this but if it keeps going I just may do. Is the price of crude falling? Whats the deal. Just a blip or will it be 80p by the end of the week :-)
ahhh, you poor little mugs 
The detail of the Treasury's Budget Book spells out: 'The main fuel duty rate will increase by 3.02p per litre on 1 January 2012.' And there is another inflationary rise planned for next summer: 'The 2012-13 increase in fuel duty will be implemented on 1 August 2012.'
so, when prices come down what is the betting they will stick to these increases now? yup, they will go ahead. Then when oil goes up again it will go up to new highs.
when oil is high they had a 1p cut, remember? that was instead of a 4p ish increase. Now, they won't have to do that

The detail of the Treasury's Budget Book spells out: 'The main fuel duty rate will increase by 3.02p per litre on 1 January 2012.' And there is another inflationary rise planned for next summer: 'The 2012-13 increase in fuel duty will be implemented on 1 August 2012.'
so, when prices come down what is the betting they will stick to these increases now? yup, they will go ahead. Then when oil goes up again it will go up to new highs.
when oil is high they had a 1p cut, remember? that was instead of a 4p ish increase. Now, they won't have to do that

Loads of the oil reserves have been released onto the market, hence the price per barrel has dropped. Evidently done to ease the problems experienced in Libya et al.
So probably a short term deal and wont continue dropping as this was a one off hit. Unless someone knows something i don't?
Mike
So probably a short term deal and wont continue dropping as this was a one off hit. Unless someone knows something i don't?
Mike
I got my trousers pulled down and royally tharshed in Norfolk last week after a visit to Snetterton. 1.48.9 for super unleaded ( 97 octane) at the BP 3 miles from the circuit................Half a tank was £48 in my focus................ Filled up in Reading the wednesday before at Shell at 1.42.9 for V Power................Sadly my modded Focus ST likes the Dom Perignon to run happily..........
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