Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Lazydocker on 24 October 2008, 07:10:51
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On the news this morning that Asda are cutting petrol to 95.9 and guaranteeing it for minimum 10 days :y :y :y
Even better... My local garage has finally reduced LPG
by 2p to 57.9... It's getting there but still a bit high for my liking! ::) ::)
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i dont think it will last m8 gready barstewards are running out of money lol
Opec to discuss oil output cuts
http://news.bbc.co.uk/1/hi/business/7687944.stm
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paid 102.9 this morning, then as i got back in car news said production being cut to raise the prices up again, dirty thievin b'stards. >:( >:(
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i dont think it will last m8 gready barstewards are running out of money lol
Opec to discuss oil output cuts
http://news.bbc.co.uk/1/hi/business/7687944.stm
I saw this on the news this morning. They said they've spent all the surplus cash they had, sounds like a certain government we all know >:( Maybe they should take out a loan (every one else does)
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NOOOO... I was hoping to see 89.9p again... not looking like it then now >:(
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I remember when they still had the old style pumps and they had to change them to show half the price as it couldn't show more than £1.......per GALLON
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I remember when they still had the old style pumps and they had to change them to show half the price as it couldn't show more than £1.......per GALLON
Hmm, Them days are well gone now :'(
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Apparently the price per barrel ($70) is now less than half the maximum ($147) it hit a few months back.
...so why hasn't the pump price halved too??!? >:(
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Every littel help's.
Just paid 99.9p
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Mmm .... greedy Opec going to slash production >:(
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Apparently the price per barrel ($70) is now less than half the maximum ($147) it hit a few months back.
...so why hasn't the pump price halved too??!? >:(
govts are closing the budget hole.. >:( >:(
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Unleaded 94.9 at my local ASDA this morning. Despite OPEC's decision to cut production by 1.5 million barrels a day from November, crude is off by $5 a barrel again today.
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If OPEC don't succeed in stopping the price falling, that tinker Darling will slap some more duty on, be sure of that!
Kevin
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The government cannot control the price of petrol, except through taxation. The wholesale price of crude is dropping, but it takes time to work its way through to the pumps. That said, I do think the suppliers are dragging their heels and I do not believe that the current price reflects the wholesale market. I would expect to see further cuts on the forecourt at some stage, although the value of sterling does not help and could be used as an excuse to keep the price higher than it would otherwise be.
As far as OPEC are concerned, you have to remember that these countries have investments throughout the world (especially the Saudis) and they are savvy enough to know that the world economy needs all the help it can get right now, so they would not, IMHO, wish to rock the boat economically. And yep, the price of crude is now down to $61 barrel :y. I did say, back in June, that the true demand/supply price should be between $60-$80, so it's looking on the low side to me, now.
My guess (and that's all it is!) is that the price of unleaded will drift lower and bottom out somewhere between 85p and 90p per litre.
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Unleaded 94.9 at my local ASDA this morning. Despite OPEC's decision to cut production by 1.5 million barrels a day from November, crude is off by $5 a barrel again today.
us northerners seem to be seeing the cuts sooner than south!!
oil at under $62 a barrel, and our petrol down to 94.9ppl!!
on the downside, its been that long since i needed a refill it was 102.9 last time! (3 weeks ago!)
small engines are the way forward!!
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...... and our petrol down to 94.9ppl!!
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Local Tesco's is 97.9p ....... and I had 5p per litre coupon :y
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Unleaded 94.9 at my local ASDA this morning. Despite OPEC's decision to cut production by 1.5 million barrels a day from November, crude is off by $5 a barrel again today.
us northerners seem to be seeing the cuts sooner than south!!
oil at under $62 a barrel, and our petrol down to 94.9ppl!!
on the downside, its been that long since i needed a refill it was 102.9 last time! (3 weeks ago!)
small engines are the way forward!![/quote]
;D ;D :y