1) Opec have reduced their oil quota
2) UK govt needs to raise revenue

= higher petrol cost very soon (and the increase could be quite large).

rael

 

Opec ALWAYs say there gona reduce oil production, have done every meeting for the last few years.

Then russia etc drag more of it out of the ground and opec give in, they'd rather sell oil at whatever the market price is than watch someone else sell it.

As for the govenrment, sure theyre gona raise taxes (again), and get lots of .gov employees sacked to cut costs(lol, redundancy will be higher than any cost savings), then they'll get voted out, not like the countryis loving them right at the moment is it?

 

barrel prices have been pretty stable this year apart from March and all OPEC are doing is keeping it in the 22-27$ pb range.

We can expect higher prices anyway as most retailers are not making enough margin at present. You may see 2ppl this winter added but probably not much more unless the barrel price soars due to world events.

Cheers
Oilman

 

and I would trust oilmans opinion before any spin cos he is in the trade with nothing to lose...........

by the way how is domestic fuel price doing right now?

 

Specman.

Up 0.5ppl tomorrow, total rise this week so far 0.75ppl.

GOING UP, BUY!

Cheers
Oilman

 

Can I get an call option on 95ppl, option fee of 1p for 2000 litres?

:D

 

Can you spread bet on this??

 

wouldnt pay 95ppl. heating oil just ordered at 19.5ppl.

just shows how much tax we pay on road fuel. would be great to fill up the car at 19.5ppl !!!!!!!!!!!!!!
But no cos the HMCE would go ballistic.

 

Specman,

Not that it's much help. Our price today 16.92ppl!!

Cheers
Oilman

 

autogas conversion? Anyone looked into it.

Also specman, I wouldn't want to pay 95ppl either hence the option!

 

just got it down to18.5ppl thats the local independent chap.
bit better but not as good as you.
Are you too cheap????