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16-07-08, 03:48 PM
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#1 |
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Member
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Join Date: Apr 2007
Posts: 3,770
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Oil Prices dropping $4 dollars a day
Ok friday last week oil prices were at a record high of $149 a barrel. The price at the pump went up daily when barrel prices rose.
The past few days due mainly to Saudi Arabia the price has been dropping by $4 dollars a day on average. The current prices is $133 a barrel. The Question........ How long until the price at the pump starts falling?  
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6.67300 × 10-11 m3 kg-1 s-2 |
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16-07-08, 03:51 PM
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#2 | |
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Re: Oil Prices dropping $4 dollars a day
Quote:
 Er, never?
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16-07-08, 03:53 PM
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#3 | |
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Re: Oil Prices dropping $4 dollars a day
Quote:
when i take over the world of course |
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16-07-08, 03:54 PM
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Re: Oil Prices dropping $4 dollars a day
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16-07-08, 03:57 PM
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#5 |
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Trinity
Mega Poster
Join Date: Jun 2006
Location: Guildford
Posts: 8,027
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Re: Oil Prices dropping $4 dollars a day
But was the $149 factored into the forecourt price? or were they always expecting them to come back again. To be fair the forecourt price didn't double in the past year like the barrel price did.
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16-07-08, 04:01 PM
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Re: Oil Prices dropping $4 dollars a day
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16-07-08, 04:06 PM
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Re: Oil Prices dropping $4 dollars a day
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16-07-08, 04:08 PM
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#8 |
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Trinity
Mega Poster
Join Date: Jun 2006
Location: Guildford
Posts: 8,027
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Re: Oil Prices dropping $4 dollars a day
Well the VAT is a function of the price & I don't think tax ever came down - they just kept putting off tax increases which we were supposed to be grateful for
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16-07-08, 04:16 PM
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Re: Oil Prices dropping $4 dollars a day
Quote:
 I think fuel duty is around 50p/litre at the moment so a fair chunk. |
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16-07-08, 05:30 PM
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#10 |
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Posts: n/a
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Re: Oil Prices dropping $4 dollars a day
I think it's about 3 months. So we're *yet* to feel the spike of the last prices...
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