dune Posted 21 June, 2012 Posted 21 June, 2012 I see Brent Crude is down another 3.5% today, at just under $90. This is the lowest it has been for 18 months. Let's see how long it is before this is passed on at the pumps. We should be paying 120p a litre for diesel based on the relation between brent crude/pump prices 18 months ago. They put the f/cking price up quick enough FFS.
Whitey Grandad Posted 21 June, 2012 Posted 21 June, 2012 Heading the right way, at least. The oil price has been a large factor in the recession, IMO.
dune Posted 21 June, 2012 Author Posted 21 June, 2012 Heading the right way, at least. The oil price has been a large factor in the recession, IMO. The saudis have been extracting at the highest rate for 30 years. They can soon turn the tap off.
Turkish Posted 21 June, 2012 Posted 21 June, 2012 Itll be months before its passed onto us, if at all.
angelman Posted 21 June, 2012 Posted 21 June, 2012 You also need to take into account the FX rate: http://www.xe.com/currencycharts/?from=GBP&to=USD&view=1Y
Saintandy666 Posted 21 June, 2012 Posted 21 June, 2012 The only way in the long term is up though. There may be short term fluctuation such as this, but the overall trend is what it is. We need to invest in other sources of energy.
dune Posted 21 June, 2012 Author Posted 21 June, 2012 Petrol is almost 50p a litre here. About a weeks wages for a Belarusian peasant.
Tokyo-Saint Posted 21 June, 2012 Posted 21 June, 2012 About a weeks wages for a Belarusian peasant. Ask your neighbour.
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