MSE News: Petrol price hike fears as oil price surges

Former_MSE_Guy
Former_MSE_Guy Posts: 1,650 Forumite
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This is the discussion thread for the following MSE News Story:

"Oil prices have hit an all-time high for UK buyers which could lead to further increases at the pumps for drivers ..."
Read the full story:
Petrol price hike fears as oil price surges


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Comments

  • Jeff_Bridges_hair
    Jeff_Bridges_hair Posts: 6,330 Forumite
    Is it just me or does this contradict itself
    The impact of the weaker pound, which declined 17% in value in the past two years, means the sterling value of Brent crude oil has risen to a record high of £74.60 per barrel.

    But at $121, Brent crude is still below the $147 a barrel record set in the summer of 2008.

    So it's a record high now or back in 2008 when it was, erm higher.
    "If you no longer go for a gap, you are no longer a racing driver" - Ayrton Senna
  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
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    Jeff_Bridges_hair wrote: »
    Is it just me or does this contradict itself


    So it's a record high now or back in 2008 when it was, erm higher.
    It's a record high in Pounds Sterling (i.e. in British money).
    It's not a record high in Dollars.
  • Strider590
    Strider590 Posts: 11,874 Forumite
    They'll blame Libya, despite only 2% of our oil coming from that region.......
    “I may not agree with you, but I will defend to the death your right to make an a** of yourself.”

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  • king100
    king100 Posts: 1,565 Forumite
    Strider590 wrote: »
    They'll blame Libya, despite only 2% of our oil coming from that region.......


    Our refinerys like the clean crude oil from Libya and Nigeria. So any failure hits us.
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  • Chimpofdoom
    Chimpofdoom Posts: 806 Forumite
    king100 wrote: »
    Our refinerys like the clean crude oil from Libya and Nigeria. So any failure hits us.

    And our Tory overlord likes the Tax generated from these failures when the price of petrol is hiked...
    :exclamatiTo the internet.. I need to complain about something!
  • BenL
    BenL Posts: 3,189 Forumite
    The diesel in my local filling station has been put back to 140.9p/l again now.

    It went up the day before the budget to 140.9, day after the budget down to 139.9 and now up again.

    Ben
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  • SurfBowlSC
    SurfBowlSC Posts: 459 Forumite
    Most petrol stations around me put there prices down 1p after the budget, but only for a day or so, then started putting them up again.
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
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    At least the rise in HMRC mileage rate will let us extract an extra £500 tax free from our company this year:). The hundred pounds saved won't quite put a tank of fuel in both cars.:rotfl:
  • southantrim3
    southantrim3 Posts: 835 Forumite
    First Anniversary Home Insurance Hacker!
    £1.50 by summer me thinks :(
  • Indout96
    Indout96 Posts: 2,344 Forumite
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    At least the rise in HMRC mileage rate

    Our lot are holding it at 40p :(
    Totally Debt Free & Mortgage Free Semi retired and happy
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