Petrol Prices

[Tricky]

saw £1.11 around cardiff way yesterday.

[Kwacky]

That petrol station I mentioned has made it into the news

http://www.dailymail.co.uk/news/article ... litre.html" onclick="window.open(this.href);return false;

[Perkles]

thats the garage on the dual carriageway just past the m42 the way we go out to worcester

[Blade]

Source: Bloomberg And as we exit 2014, the Saudi oil minister told the FT this morning that "the world may never see $100 a barrel oil again", and warned that even if oil falls to $20 a barrel, Opec will not cut production. If there were any doubts before, it's crystal clear now – we've got a good old-fashioned price war on our hands. The Saudis are determined to put their rivals across the world, particularly in the US shale fields, out of business. A lower oil price is good news for consumers. But an uncontrolled plunge is bound to rattle financial markets. Because as Jared Dillian of Mauldin Economics puts it: "when markets move fast, stuff blows up".

[duke63]

The money men cant lose can they? Things get very expensive then markets react and they win. Things get too cheap then markets react and they win.

What a load of bollox. The bankers should all have been put in prison for fraud 7 years ago.

[Kwacky]

I read a good article last week about the way in which oil producing countries can change the fortunes of countries by controlling oil prices.

Russia is likely to implode if the oil price remains low and the UN sanctions remain in place.

Take a look at this old news article http://news.bbc.co.uk/1/hi/business/644028.stm" onclick="window.open(this.href);return false; There was alarm then at it going over $30 a barrel. In the early 80s it hit $50 but in 2007 or 8 it went over $130 a barrel.

There's no reason for the price changes other than the seller controlling the market.

[Blade]

Using that graph and where the current oil price is I would like to see petrol, diesel and domestic gas prices fall to where they were in 2004 which is about as likely to happen as me wining Motogp next year

[Kwacky]

If house prices could fall at the same rate that would be even better.

[duke63]

That's as likely as Blade letting me have a go on his Motogp championship winning bike next year.

[Blade]

That's as likely as Blade letting me have a go on his Motogp championship winning bike next year.

I wouldn't go that far mate

[Blade]

That's as likely as Blade letting me have a go on his Motogp championship winning bike next year.

I wouldn't go that far mate

There is a resanable chance of a house price fall, but feck all of anyone riding my RCV

[duke63]

Is that the one you have bought Mrs Blade for her Christmas present?

'There you go love, there are only 213 of these ever made and you now own one. I'll run it in for you if you like'

[Blade]

I let the missus touch my price posession occasionally if she's been a good girl but she goes no where neary bikes EVER !!!!!!

[D41]

The money men cant lose can they? Things get very expensive then markets react and they win. Things get too cheap then markets react and they win.

What a load of bollox. The bankers should all have been put in prison for fraud 7 years ago.

I dunno mate....how does that work?? The whole thing seemed like a co-opted mess to me....the gas prices, the house prices....everything skyrocketed out of control, and everyone tried to get in on the action....I know people who made millions, and then promptly lost it all.....not their fault of course, God forbid....it was the bank's fault....like the bank made them sign anything??

[Kwacky]

I'm now paying less for super unleaded than I was for the normal stuff a month ago.

[D41]

Oh, me too....but price comparisons don't work 'cos we buy by the gal. and you by the litre.....but much less, to be sure....not that I ever buy regular, 'cos I'm posh.

[Monty]

Your regular is not the same as ours it has a lower octane. We stopped using tractor engines in the 50s

[D41]

Your regular is not the same as ours it has a lower octane. We stopped using tractor engines in the 50s

No it doesn't ....we simply use a different system of gauging octane ratings.....you use MON, we use AKI, because we're better than you.

[kiwikrasher]

Your regular is not the same as ours it has a lower octane. We stopped using tractor engines in the 50s

No it doesn't ....we simply use a different system of gauging octane ratings.....you use MON, we use AKI, because we're better than you.

Different doesn't mean better, and in fact it's almost like the US couldn't make up their mind on wether to use RON or MON so the went "feck it, lets take an average" because AKI (Anti Knock Index) is RON+MON/2

I guess having a Cert IV in Petrochemical Processing Technology has finally come in handy

And I want oil to go back up, protects my job. Plus the shares the company gave me earlier in the year as a retention bonus have tanked!

[D6]

Their petrol is RON plus RON? The two ronnies ?