Oil at 12 month low

Graham_Devon

Pumps have got a lot of catching up to do! Lovely!

Currently brent is at $99 a barrel. If it holds, petrol should be around 10-15p a litre cheaper.

RenovationMan

Graham_Devon wrote:

They should raise BoE interest rates to sort out the rising costs of Oil. Oh, hang on, erm.. Tsk. That pesky oil is up and down like a yoyo! Well we can't raise and lower BoE interest rates at this rapid frequency, it'd be ridiculous!

Hmnn. if only there was some other way to control the costs of a single imported commodity other than using the sledgehammer approach of rasing and lower BoE rates?

Yes, Graham. If only there was an alternative. :rotfl:

chucky

Graham_Devon wrote: »

Pumps have got a lot of catching up to do! Lovely!

Currently brent is at $99 a barrel. If it holds, petrol should be around 10-15p a litre cheaper.

Sorry but it doesn't work like that, that's the cost of oil.

Add on the fixed costs like tax, cost of refining. transporting and selling the petrol at he retail outlet and you'll be closer to understanding a little bit about petrol prices.

Starbrite

I don't understand how luxembourg is a land lock country, (correct me if I wrong,) Has higher taxes yet has cheaper fuel????

Wookster

Little bit of good news Graham.

chucky wrote: »

Sorry but it doesn't work like that, that's the cost of oil.

Add on the fixed costs like tax, cost of refining. transporting and selling the petrol at he retail outlet and you'll be closer to understanding a little bit about petrol prices.

As for chucky, he seems incapable of making a post without having a dig.

wotsthat

Graham_Devon wrote: »

Pumps have got a lot of catching up to do! Lovely!

Currently brent is at $99 a barrel. If it holds, petrol should be around 10-15p a litre cheaper.

That would be nice. How does the calculation work?

chucky

Wookster wrote: »

As for chucky, he seems incapable of making a post without having a dig.

Quite a hyprocrite you are Wookster, at least you're consistent

Wookster wrote: »

Out on day release eh chucky?

Wookster wrote: »

Maybe chucky's smaller 'bone' will do the job :rotfl:

Wookster wrote: »

Omg Chucky can you even string a coherent sentence together?

It's a shame because I'm sure you're a bright lad but trying to stick up for your forum buddies is very lame...

Be a man and have a go at discussing my point about oil prices. Just try it you might learn something.

Wookster

chucky wrote: »

Quite a hyprocrite you are Wookster, at least you're consistent

I thought hypocrites were, by definition inconsistent.

Anyway, as you quoted me, this board was a much happier place for your absence.

chucky

Wookster wrote: »

I thought hypocrites were, by definition inconsistent.

Anyway, as you quoted me, this board was a much happier place for your absence.

You thought wrong (again).

I take it you don't want to discuss oil prices vs petrol pump prices or is it you don't understand how it works... I'll educate you.

RenovationMan

Wookster wrote: »

As for chucky, he seems incapable of making a post without having a dig.

LOL. Brilliant!

I love these clever ironic posts, they make me think that perhaps I'm not the only hyper-intelligent person on this forum.

Erm.. you were being ironic weren't you? :undecided

grizzly1911

[QUOTE=Graham_Devon;53504039If_it_holds,_petrol_should_be_around_10-15p_a_litre_cheaper.[/QUOTE]

We can but dream, it will Georgie boy even more excuses to increase duty.

Interesting that the differential beteween diesel/petrol seems to be widening once more. Would have thought that with teh old USA "driving" season and them not being fond of the dirty stuff it might equalise a little.