Worrying drop in fuel prices.

[keefysher]

Petrol and LPG prices here are up and down like whores drawers... and a fair slice of the $ is in tax...


Ive noticed that diesel price is staying stable....


By the way, our petrol prices increase dramatically, by around 20c a litre just before Friday lunchtime. Just in time to catch the weekend traffic.

Anyone else notice this?

In Queensland there are days when coupons drop the price considerably. In WA there are discount days that vary each week by fuel retailer.

Here in this part of the UK the prices always goes up at school half term, normally the week before

In lots of countries fuel nearest an airport is more expensive to catch the rental return folks.

 

[tjamesbo]

AS the Price drops the production companies and fields and suppliers shut down as its uneconomic . eg Shale etc eventually due to a lack of " new supplies " and time to restart production ( Years ) Demand will exceed supply and the price will boomerang back up probably to an all time high , The lag can be several years for that to happen possibly 7-10 and with Fuel Tax revenues falling the government will be looking to make up the shortfall somewhere .So they will be looking to nobble you now and then you get nobbled again when it peaks a double whammy But hey " make Hay while the sun shines "
cos The light at the end of the Tunnel is another train coming

 

[keefysher]

My conspiracy theory:

OPEC/Saudi flooding market with cheap oil to:
1 Take out US shale gas from market
2 Bugger up Russia
3 Send message to the West not to mess in the internal Muslim battle.

Most of the West is effectively bankrupt, ME oil producers have money to burn. Look at investment and asset purchases (what are sports stadia etc called?) Buy to Leave property developments throughout London.

China (CNOC) offshore oil is coming on stream. India is bringing oil onshore from Bay of Bengal. All adds to over supply.

 

[television]

85p per litre now in the UK

 

[SL63 Mark]

85p per litre now in the UK

Who what where ?

 

[television]

Who what where ?

Sorry that was a forecast from the RAC as the cost is now under 10$ a barrel now

 

[eman]

Bring on the Iranians.

 

[SL63 Mark]

Bring on the Iranians.

Sounds like low oil prices will destabilise the world economy after all, particularly if your pension fund has oil company shares, which most do.

Depends which pundits you listen to - the truth is, no-one knows. Now some economists are saying the China slowdown will lead to another 2008 style crash.

 

[keefysher]

Sounds like low oil prices will destabilise the world economy after all, particularly if your pension fund has oil company shares, which most do.

Depends which pundits you listen to - the truth is, no-one knows. Now some economists are saying the China slowdown will lead to another 2008 style crash.

Economic forecasting is akin to weather forecasting, although weather forecasting is probably more reliable :roll eyes:

What idiots thought up 13 week reporting that stifles investment and growth.

I struggle to see how there can be another crash since the global economy has been a basket case since 2008, no recovery whatsoever.

Cashflow is king, if decisions are taken not to flow cash then the economy will falter. It ain't rocket science. Scaremongering stops cash flowing.

 

[lwbnick]

It's a funny old world, the price of oil is falling falling, we should be happy...but we are doomed.

Anybody else worried about this, or am I alone?

Chinese economy is in freefall, Americans will no doubt vote in Trump as their next commander in chief, and the UK is being asset stripped for the benefit of of ruling elite and their offshore taxpaying sponsors in the city.

When it all kicks off at least petrol bombs will be cheap to make.

 

[lwbnick]

Many are now forecasting another recession.

Well despite energy (oil) costs dropping to next to nothing, and scrap metal being worth next to nothing, our foreign owned steel industry is being closed down as I type.

March of the makers said our hi-viz wearing leaders when they wanted votes...

Given energy costs are at an all time low, how come utility bills have not plummeted - could it be that our foreign owned utility companies are profiteering?

 

[tjamesbo]

depends how much is bought on the spot market compared to how much is on contract prices agreed up to a year ago you would expect some lag in the system , having said that I'm sure the lag will be exploited, its the nature of commerce , a private company exists to benefit its shareholders, no one else
if they are profiteering maybe the shares are a buy

 

[lwbnick]

depends how much is bought on the spot market compared to how much is on contract prices agreed up to a year ago you would expect some lag in the system , having said that I'm sure the lag will be exploited, its the nature of commerce , a private company exists to benefit its shareholders, no one else
if they are profiteering maybe the shares are a buy

Aren't most of our utilities owned by other states?

Our bills come from EDF which is owned by the French state?

 

[JBell]

I am not worried about it at all, fuel has been massively overpriced for too long, it shouldn't be traded.

It massively influences the cost of everything driving inflation up massively

 

[LostKiwi]

I am not worried about it at all, fuel has been massively overpriced for too long, it shouldn't be traded.

It massively influences the cost of everything driving inflation up massively

And unnecessarily.

 

[SL63 Mark]

fuel has been massively overpriced for too long,

Well that is true.

 

[jibcl500]

Really what can you do if another recession is about to hit us once again, buy gold?

yes....

jib

 

[Naraic]

Really what can you do if another recession is about to hit us once again, buy gold?

Not spending £4m on a site would be good.

 

[Xtractorfan]

Not spending £4m on a site would be good.

It was a snip... I just couldn't help it:lol:

 

[Frontstep]

Those poor Chinese 6.9 % growth, what a basket case, we on the other hand romped away with 2.6% after years of ...............................