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Author Topic: Fuel prices  (Read 1518 times)

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STEMO

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Fuel prices
« on: 14 March 2017, 15:44:07 »

Both petrol and diesel down by 2p in Asda this morning.
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flyer 0712

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Re: Fuel prices
« Reply #1 on: 14 March 2017, 16:02:28 »

We need that price reduction as the pound has dropped a lot in value today and they say will drop more yet,due to Brexit,,,,what a lot of crap they talk...just blame it all on Brexit   ;D ;D ;D ;D
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Viral_Jim

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Re: Fuel prices
« Reply #2 on: 14 March 2017, 16:15:10 »

Sad but true, we don't buy our oil in £, its all € or $ so I can only see prices going one way. Same reason a lot of food prices have gone up or packets have gotten smaller (which is the same thing).
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TD

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Re: Fuel prices
« Reply #3 on: 14 March 2017, 18:40:55 »

Both petrol and diesel down by 2p in Asda this morning.

I put some Asda diesel in earlier.... £1.167/L  :y That's 4p/L cheaper than the other cheapest garage in Swindon
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Varche

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Re: Fuel prices
« Reply #4 on: 14 March 2017, 18:59:12 »

Fuel has dropped here in Euroland. 1.129 today.

Prices change much more quickly than they do in the UK.
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JamesV6CDX

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Re: Fuel prices
« Reply #5 on: 14 March 2017, 21:19:44 »

1.329 for v power diesel here

1.229 for normal
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zirk

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Re: Fuel prices
« Reply #6 on: 14 March 2017, 21:28:11 »

1.329 for v power diesel here

1.229 for normal
Oh, and I was thinking 1.18 for unleaded was bad, let alone LPG gone up from 50.9 to 57.9.  :-\
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Rods2

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Re: Fuel prices
« Reply #7 on: 14 March 2017, 22:48:38 »

Probably more price reductions on the way as the increase to $50 has made US shale production profitable with the beginnings of an oil storage glut again. :y :y :y

Most currencies will continue to fall against the USD in the forseeable future, especially if the Fed, as expected, raise interest rates. ??? ??? ???
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US Fracking and Saudi Arabia defending its market share = The good news of an oil glut, lower and lower prices for us and squeaky bum time for Putin!

Viral_Jim

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Re: Fuel prices
« Reply #8 on: 14 March 2017, 23:10:25 »

True. Happy days on that front :).

Although I suppose it depends on how isolationist trump chooses to be on trade as to what duties are imposed on us imports. Then again outside the eu I expect our sittibg PM will have her head so far up uncle sam's  rusty sherif's badge we'll take what we're given and be grateful  ::)
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Rods2

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Re: Fuel prices
« Reply #9 on: 15 March 2017, 18:51:26 »

More information on looming OPEC and US Shale producers price war for those who are interested.

https://qz.com/932009/opec-and-us-shale-drillers-seem-back-at-the-brink-of-oil-price-war/

Where OPEC countries and Russia have agreed production quota limits this is beginning to unravel in the light of increasing US shale production. Most US shale companies that survived the downturn, are highly leveraged with loans, so pumping as much oil as possible, especially currently profitable oil, to generate the cash to service the loans is an absolute necessary. 8)

Great for the US and consumers. :y
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US Fracking and Saudi Arabia defending its market share = The good news of an oil glut, lower and lower prices for us and squeaky bum time for Putin!

Lazydocker

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Re: Fuel prices
« Reply #10 on: 17 March 2017, 11:28:02 »

1.329 for v power diesel here

1.229 for normal
Oh, and I was thinking 1.18 for unleaded was bad, let alone LPG gone up from 50.9 to 57.9.  :-\

Is that all? 66.9 here! :o :o

If I make the effort to go to the other side of Ipswich it is (or was last week) 53.7 :o
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