Forums Forums National News Petrol Prices, what we could do

After hitting a record $136 per barrel for a short time two weeks ago, todays market prices illustrates how the price of oil is already starting to drop:

- Brent Crude Oil $/barrel 126.18 0.00 0.0
- West Texas Intermediate Crude Oil $/barrel 125.89 0.00 0.0

How soon it will drop to a more acceptable level remains to be seen; it could well increase again before it drops to the sub-$100 a barrel level. It could be 6 months, it could be 18 months before the price goes sub-$100 again; only time will tell, but it will happen sooner or later.

Well, fingers crossed your right Matt

Personally, Im not convinced it will drop quite that low, but for once I hope your right

Ditto lol; I watch a lot of stuff like Working Lunch as you can probably tell.

Its the big story on there for like the past 2 months haha!

In the meantime though, the government could do a hell of a lot to "ease the pressure on families with regards fuel prices" as they keep saying they want too...

Anyone who votes Brown in for the next GE after his handling of our economy and this latest crisis, deserves to be shot imho.

Lol, I was trying to watch a good story on the C4 News last week, with a more and more irritable GF trying to get me to switch over....

...I guess she just doesnt appreciate how much the oil price effects pretty much everything....

Haha my gf hates me watching anything to do with oil prices, and im banned from talking about it... girls eh, they just dont get it!

C4 News has been running some excellent stories on all aspects of fuel/oil lately, including Biofuels, which I have been very interested in.

some good points made
The british public is the best at complaining about something and they make lots of noises about something like this but unfortunately when it comes down to it they won't carry anything through. This petition on the No.10 site petition no,10 has a good chance of doing something with 156404 signiatures so far, not nearly enough yet though. Something like that needs publicity and someone determined to take it to the top.

I have just read an article in the sun which claims that the cheapest petrol in the country at the moment is in Shirley service station, Manchester and Sainsburys in birkenhead at 110.9p

just came across this may be of interest to do with this subject.
is it as bad as they make out??? life after the oil crash

that is very stereotypical matt.....

Well at least things are going in the right direction now the market fear is easing and refineries are no longer panic buying which is leading to a replenishment of reserves.

I told you a lot of the high price was to do with panic buying. It will increase again sooner or later however, unfortunatly

BBC News Report

Prices have climbed to $133 per barrel again as a result of the terrorism state (Israel).



Only saviour is, soon, China, India, Japan and Korea will stop government subsidies which is keeping petrol prices low in these countries (India raised their price of petrol just last week for the first time in ages), so this will play a MASSIVE part in the overall reduction of consumption, which will result in lower priced oil thanks to decreased demand.

The only problem is just how soon they will do so. Could be a few months in India, cos I am pretty sure there is national elections there soon?

"The VAT issue on the tax percentage though, isnt. It is against EU law, but im sure the government are charging it to the refinery point of Sale as a loophole around it."

That's what I understand too - the retailer has to pay the duty for the whole tanker when the fuel is delivered to them (a problem for the independents!) and then it is included as part of the cost of the raw material when it is sold to the customer so can be taxed for VAT again.

found this just put ye post code in or town find the lowest uk petrol