Oil price down to 91 dollars

wakeupalarm

The price of oil is now down to 91 dollars, the same price it was in October 2007. That's 1/3 lower then it was in July when the energy companies started to increase prices for the second time this year. Not a squeek yet from the energy companies.

DavidRossitter

Yes quite I echo that

We are on heating oil and the price drop to us has been 1/6 yet the oil price drop has been over a 1/3.

Petrol is more disguised given the tax but its the same

Guess the public hasnt yet kicked up over that so people profitering still


David

DavidRossitter

All things considered - drop in oil prices, slowing world economy, reluctance of suppliers to drop prices despite all this.... what is the consensus as to the next price move for electricity prices???

Thanks