Promise Of Lower Pump Prices As Oil Dips

halight

http://news.sky.com/skynews/Home/Business/Crude-Oil-Price-Falls-Below-60-Dollars-Per-Barrel-Offering-Hope-Of-Lower-Petrol-Prices-For-Motorists/Article/200907215335398?lpos=Business_First_Buisness_Article_Teaser_Region_2&lid=ARTICLE_15335398_Crude_Oil_Price_Falls_Below_60_Dollars_Per_Barrel_Offering_Hope_Of_Lower_Petrol_Prices_For_Motorists

Cleaver

Blimey Halight, are you on a personal mission to break the 'most links posted on this board in one day' award?

Just so you know, Brit1234 posted 42 articles in one day on the downfall of BTL, all with massive red fonts, pictures and lots of :D:D on 23rd June 2008, so that's what you've got to beat.

System

I thought halight was a newsbot? Seriously.

Graham_Devon

It can only now dip to around 90p per litre I would have thought, around 85-7p at a push.

We've had 4p put onto duty in the last couple of years. We have another 2p coming up soon. Then you have VAT on the duty.

So theres not much room for manouvre anymore.

mbga9pgf

I love it how everyone is bigging up demand destruction. Whoo. low oil prices great. Unfortunately, they dont realise it is because we are in a deflationary spiral.

mewbie_2

mbga9pgf wrote: »

I love it how everyone is bigging up demand destruction. Whoo. low oil prices great. Unfortunately, they dont realise it is because we are in a deflationary spiral.

Hmmm. Cheaper to fill up car versus deflationary spiral? I'll go for the short term option - yippee!

mbga9pgf

ha ha ha!

Cheap oil. Not much use when you dont have a job to pay for the car is it?

mewbie_2

mbga9pgf wrote: »

ha ha ha!

Cheap oil. Not much use when you dont have a job to pay for the car is it?

But my friend. I do have a job. I agree that deflationery wotsits are worrying, but a few quid saved off a tankful is immediate money in my pocket, or rather my wife's.

Cleaver

mewbie wrote: »

I agree that deflationery wotsits are worrying

I find that I can only worry about stuff I understand, and any phrase involving the words 'deflationary' and 'vortex' are, by definition, too confusing for me. Thus no real concern.

I vote for the cheaper petrol and I'll chance my arm in the vortex.

Graham_Devon

mbga9pgf wrote: »

ha ha ha!

Cheap oil. Not much use when you dont have a job to pay for the car is it?

Well, be pretty pointless going to the petrol station when you don't own a car in the first place.

Unless your a greenie, in which case I'd forgive you for donning our best sandals to have a day out to the petrol station to cream over the price board.

Cleaver

Graham_Devon wrote: »

Well, be pretty pointless going to the petrol station when you don't own a car in the first place.

Unless you're going for a Ginster's Steak Bake or Conish Pasty. Or 20 Rothmans. Or flowers for your wife if you're having an affair and get a pang of guilt on your walk home.

Edit: can I just point out that I don't purchase any of the above. Well, maybe the occassional Ginster's, but only in desperation.