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[STMO123]

isnt it strange how suddenly 105.9ppl sounds "cheap"!!

Makes no difference to us sensible folk with reasonable sized engines Danny.

[Danny]

£43 to fill my tank, and 350 miles til a refill

[STMO123]

£43 to fill my tank, and 350 miles til a refill

Yup  

[ARH1]

I can remember the uproar at a rise to a £1 a GALLON. Now its about £5 a gallon. Metric conversion hides a few sins.
ARH

[Martin_1962]

LPG is down to 52p around here

[mv6copcar]

So if Oil prices are falling do you think our gas and electric bill will follow

no no no, BP and the rest have to make more money every year, sad when i have to buy my nan 500ltrs of heating oil costing £280 as my nan can't find money for her own heating......

[Danny]

i cant actually see it dropping down to 74ppl though, they'll increase tax on it again

[Lazydocker]

£43 to fill my tank, and 350 miles til a refill

Not much cheaper than running my mig then... When on a run it'll be the same!

[Vamps]

I can remember the uproar at a rise to a £1 a GALLON. Now its about £5 a gallon. Metric conversion hides a few sins.
ARH

[/highlight]

As did decimalisation whatever they said the pound was devalued by more than half overnight

[Kevin Wood]

£43 to fill my tank, and 350 miles til a refill

Not much cheaper than running my mig then... When on a run it'll be the same!

Filled up with LPG for 38 quid after 320 miles the other day. That was at 59.9 too.  

Kevin

[Nickbat]

Daily Express says 74p a litre soon - clicky

More top class jounalism  

I doubt it will drop that far, or soon, but the recent credit crisis will make a big dent in the already-reduced demand for oil. Add to that, an increase in exploration/production, a significant increase in the number of VLCCs (tankers) due to be delivered over the coming year, and you have the recipe for cheaper oil. It will drop below £1/litre, but I think 74p is a bit optimistic.

[Jay w]

Daily Express says 74p a litre soon - clicky

More top class jounalism  

I doubt it will drop that far, or soon, but the recent credit crisis will make a big dent in the already-reduced demand for oil. Add to that, an increase in exploration/production, a significant increase in the number of VLCCs (tankers) due to be delivered over the coming year, and you have the recipe for cheaper oil. It will drop below £1/litre, but I think 74p is a bit optimistic.

but how long will it stay there?

sorry to sound pessamistic

[Nickbat]

Daily Express says 74p a litre soon - clicky

More top class jounalism  

I doubt it will drop that far, or soon, but the recent credit crisis will make a big dent in the already-reduced demand for oil. Add to that, an increase in exploration/production, a significant increase in the number of VLCCs (tankers) due to be delivered over the coming year, and you have the recipe for cheaper oil. It will drop below £1/litre, but I think 74p is a bit optimistic.

but how long will it stay there?

sorry to sound pessamistic

Brent crude down $4.50 this morning to just over $86!!


On to your point...the price won't stay below £1/litre (when it gets there!) forever, that's for sure. It's very difficult to put a time-period on it, but I see the basics of supply/demand favouring lower prices until the next economic upturn.  

[Jay w]

Daily Express says 74p a litre soon - clicky

More top class jounalism  

I doubt it will drop that far, or soon, but the recent credit crisis will make a big dent in the already-reduced demand for oil. Add to that, an increase in exploration/production, a significant increase in the number of VLCCs (tankers) due to be delivered over the coming year, and you have the recipe for cheaper oil. It will drop below £1/litre, but I think 74p is a bit optimistic.

but how long will it stay there?

sorry to sound pessamistic

Brent crude down $4.50 this morning to just over $86!!


On to your point...the price won't stay below £1/litre (when it gets there!) forever, that's for sure. It's very difficult to put a time-period on it, but I see the basics of supply/demand favouring lower prices until the next economic upturn.  

no i agree, inflation will always play a part

when the prices rose about £1 a liter the government were bracing for a fit of demos by various organsations, this didn't happen, so as a result we (the public) have in the governments eyes rolled over and accepted it.

i suppose what i was trying to say was how long before HM government increase tax in order to keep to price of petrol up and reinflate the coffers within HMRC?

[Kevin Wood]

when the prices rose about £1 a liter the government were bracing for a fit of demos by various organsations, this didn't happen, so as a result we (the public) have in the governments eyes rolled over and accepted it.

i suppose what i was trying to say was how long before HM government increase tax in order to keep to price of petrol up and reinflate the coffers within HMRC?

Exactly. The public have been tested on fuel prices and they accepted 1.20 odd a litre, so every penny it drops below that will be rich pickings for the government to put it straight back up there next budget.

It'll be a shame because the state the economy's in it could do without petrol prices drawing expenditure away from the high street, etc.

Kevin