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Oil Prices

There is no rip off. Have a look at the graph in this link and you will see that prices at the pumps go up and down in line with world fuel prices (AFTER allowing for a 3-4 week lag and AFTER allowing for changes in the exchange rate and any tax changes).
http://www.whatprice.co.uk/petrol-prices/petrol-oil.html

It is an incredibly competitive market and competition keeps prices down.
 
Unfortunately the graph does not show the data for the last 12 months. What is obvious though from the graph is that when oil prices go up pump prices climb at a steeper rate...
 
Hey! think positive. My point in resurrecting this thread is that we can look forward to a sub 80p petrol price, subject to the exchange rate of course.:rock:

Is your tank half full or half empty?:rolleyes:
 
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Question is, how long will it stay there under 80p/litre??

In July 2007 the £/$ rate was around 2. Now it's around 1.5 so wait for oil to drop to around £40/barrel before you get your hopes up even assuming the pound doesn't drop right through the floor.

If OPEC cracks as well it might and if we get a free-for-all in the supply chain it will be because things are really b-a-a-d in the western economies. Be careful what you wish for.

And if oil were freeee!? We would still be paying around 60p a litre in tax to the Chancellor...

So not much to smile about:(
 

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