Fuel Prices gone up?

[QuattroCalum]

I remember seeing this on the news before the hurricane had even struck. Any excuse to put the prices up.
http://garagewire.co.uk/offbeat-news/petrol-price-levels-highest-since-2014/

 

[Mario]

Yeah, because the price of oil has gone up LESS than $2 per barrel in the last month we need to charge you an extra 20p per litre at the pumps!

However when they dropped from $115 a barrel in 2014 down to $27 a barrel (Feb 2016) the price only dropped 2-3p per litre! Load of ********!!

 

[Nham68]

You need to factor in exchange rates... were at near historic lows of the £ vs $.. also, summer season in US traditionally changes supply vs demand.
I’m sure there is some profit taking too, but if we had not chosen brexit for example, the price would be much nearer 1.00 per litre vs 1.2...

 

[Retroman]

The £ is falling because of our balance of payments deficit (debt) nowt to directly do with Brexit

 

[Nham68]

Of course it’s partly related to brexit... you just need to read the graphs of £ to $ since June 16. Markets instantly factored this in.... smart money moved... sterling no longer seem as a safe haven. Was already challenged by balance of payments I agree... Dropped from over $1.5. ... it’s recovered slightly..
The euro exchange is a different story .. a big factor of that is strength of Euro with euro economies growing strong,.. but there is a brexit factor, as our economy starts to wane ... ain’t gonna start a brexit debate, that’s a whole different gambit.

 

[QuattroCalum]

Quick to rise slow to fall, fuel prices must be on Viagra


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