Oil prices...
 

... have fallen in the US!

So Asda are cutting the cost of fuel. Yay!

I love listening to the radio in the office ;)

About time too!!! As oil is traded in US dollars and that is worth peanuts atm, our prices should have fallen weeks ago. The oil companies are making a mint out of the weakness of the dollar. I need to fill my heating oil tank, but can't afford to!

oh come on. Petrol is up and down like a yo yo. I've given up worrying about it nowadays. I mean it was what, £1 a litre on average. It dropped to 84p per litre. Thats 74p per gallon change!!!

It will go back up, it will come back down. Plus that and on the 2 occasions that i have used Asda fuel i have had trouble, i wouldnt ever use it again.

That's the thing see. Fuel prices were around the £1/ltr mark, and Asda decided they'd change the market. They dropped prices, knowing there was a public demand for lower priced fuel, and made an absolute killing, because everyone flocked to Asda for fuel. So the losses they made by dropping the price, were more than made up for in the increased volumes they were selling. Asda did this solely by cutting their own profit made on the fuel they were selling.

Then folks like Tesco sat up & took notice, and dropped prices. The likes of Shell weren't far behind. These companies dropped prices because they were starting to loose sales. They were simply behind the game, and it was damage limitation.

Adsa dropping prices is only the start, others will follow suit, so if you don't like buying at Adsa, just kick back and wait. In time, even Shell's V-Power will drop in price.

Whoever the guy is at Asda that had the foresight to change the market, he definitely needs a beer in his hand!

Really?

Oooo! Good news! At last!

BTW, how much fuel in litres is left in the tank when the light comes on?

Matt

Current oil price is around $55.6 a barrel. That's £28.67 a barrel. When petrol was £1 a litre, the oil price was $62 a barrel (? willing to be corrected) but the exchange rate was 15% lower, which meant that a barrel of crude was around £36.60 a barrel. Have we seen a 20% drop in fuel prices? No didn't think so.

BTW Petrol is 89p around here and was that in Scotland over the holiday too. Diesel is 92p and heating oil is double the price it was 5 years ago.

So, to sum it up.. And all things being equal..


FAT PEOPLE USE MORE SOAP




Sorry, I'm bored

Matt, when my light STARTS flashing, it then goes off (it does a kind of "errm, is the fuel too low? I'm not sure, lets flash anyway, opps, no, my bad, too much in here to flash" thing). A couple of miles later it makes it's mind up.

From there, I can push it (not literally mind) around a good 40 miles at motorway speeds (officer!) before the light goes steady. When the light is steady, she'll go roughly 8 miles (at country lane speeds is the only time I've tested it, 50mph zone) before she's drier than a rattlesnakes bum.

So to answer your question, in litres, someone will be along shortly to tell you ;)

Mike, I know what you're saying, the cost of oil has gone down a crap load comparatively, and we haven't seen that drop in fuel prices, but that's only because the folks that sell the fuel like to sleep on a bed of scottish £1 notes. By the way, 89p is a little steep for these parts, you should come back to civilisation a bit more ;) it'd be good to save you around 5p/ltr ;) There's only one place near me that's 89p, and I refuse to fill the bike up there, becuase they're so expensive, and don't turn the pumps on unless your off the bike & it's on it's stand (ijit policy).

I'm hoping the current debcale will settle at low 70's. But I did say hoping!

Well not bought petrol for a while so only glance at the price when filling with diesel. 92p in Mold / Wrexham. Where you buying fuel (where is civilisation?? :) )

Viney, why do you allow yourself to be ripped off?