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Fuel price

Community Veteran
Posts: 3,826
Thanks: 44
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Registered: 24-09-2008

Fuel price

Last time crude oil was below $30 a barrel, fuel at the pump was around the 75 pence per liter.
Does anybody think it will come down?
4 REPLIES
Community Veteran
Posts: 6,586
Thanks: 206
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Registered: 16-02-2009

Re: Fuel price

Slight chance, maybe 10%.
More likely they will just use the profit to boost their profit even higher.
Community Veteran
Posts: 3,274
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Registered: 24-10-2013

Re: Fuel price

Quote from: journeys
Last time crude oil was below $30 a barrel, fuel at the pump was around the 75 pence per liter.
Does anybody think it will come down?

fuel duty was much lower though.
so, the answer is no, it won't come down to those levels.
Community Veteran
Posts: 5,322
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Registered: 21-03-2011

Re: Fuel price

Probably the companies like BP are putting away funds to pay for legal cases in the USA such as Deepwater Horizon.  When the international companies are given massive fines/damages against them  in the USA, guess who pays?
Now Zen, but a +Net residue.
Community Veteran
Posts: 18,547
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Registered: 12-08-2007

Re: Fuel price