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Cheap petrol !!
http://classiccamaroclub.mfatw.com/viewtopic.php?f=1&t=4241		 Page 1 of 2
Author:  chevy-stu [Thu Dec 18, 2014 6:13 pm ]
Post subject:  Cheap petrol !!
Anyone else noticed how cheap fuel is getting..

I saw £112.9 for unleaded just now.... probably cheaper out of London.. some supermarkets are 110.9 I'm told.

It's unusual for oil producers to keep producing at the same rate when the wholesale oil barrel price drops, as apparently they normally reduce production to increase demand and hence keep prices up... but it hasn't happened this time, hence low prices, and thankfully carried through to the consumer.. Might dip below £1 at some cheap places in the new year allegedly... :thumbup:
Author:  Twistedsanity [Thu Dec 18, 2014 7:29 pm ]
Post subject:  Re: Cheap petrol !!
A perfect excuse to go on a hoon and empty my tank! Is there another one on the cards anytime soon?
Author:  Yappy [Thu Dec 18, 2014 9:00 pm ]
Post subject:  Re: Cheap petrol !!
Fuel prices will remain low for a while, in fact they will drop some more.
The price of oil per barrel is at an all time low due to the high production of oil in America and all the hydraulic fracing they have been doing.
It's to break the Russian banks in my eyes and to bring then into another depression

Sorry there's me rambling on :yawn:
Author:  chevy-stu [Thu Dec 18, 2014 9:26 pm ]
Post subject:  Re: Cheap petrol !!
Quote:
A perfect excuse to go on a hoon and empty my tank! Is there another one on the cards anytime soon?
Boxing day mister. . Think I tagged you (wife) and chris on fakebook. .
Author:  Twistedsanity [Fri Dec 19, 2014 7:25 am ]
Post subject:  Re: Cheap petrol !!
Oooh, I'll have a look :-)
Author:  jon_buss [Sat Dec 20, 2014 12:06 pm ]
Post subject:  Re: Cheap petrol !!
Heard on the news they reckon it'll drop below £1 per litre soon :-)

Think I may need to see if she starts and go for a play as well!
Author:  78 Camaro [Sat Dec 20, 2014 12:07 pm ]
Post subject:  Re: Cheap petrol !!
From what i've read, Yappy is on the money. Fracking has brought an extra resource into the market so there are 2 things at play... 1) supply has increased and 2) a slightly more sinister one... the oil companies don't want to lose market share so they will do whatever they can to retain that share - i.e dropping the price of oil just enough so that fracking actually becomes more expensive compared to oil. Whether they reduce price by increasing production or dropping profit margin, i'm not sure, maybe both. It will be interesting to see how this develops. I have a feeling that the oil companies plan to run the fracking companies into bankruptcy so they can buy them up nice and cheap and own them, controlling future supply and demand by ruling out the competition.

Not thought about the whole Russian angle either - that could be a bonus in there too. Perhaps it's been a big game of chess - maybe this has been a long term plan to bankrupt Russia by the West. Could have started at government level and everyone has played their part. The value of the Ruble has dropped 40% and i read this morning that GM and a couple of other manufacturers have decided to stop selling to Russia until the value goes back up. Funnily, ladies of the nights who work at docks and import / export areas have hiked their prices as foreign money meant transporters could get more bang for their buck... literally. I wonder if the plan is for Russia to get desperate enough to have to sell some of it's oil fields to places like Shell etc. meaning that the West can start to control business over there. Economic / Power chess? Get your foil hats on :lol:
Author:  a2kmaro [Sat Dec 20, 2014 10:25 pm ]
Post subject:  Re: Cheap petrol !!
1.11 here :)
Author:  The Seer [Thu Jan 01, 2015 10:24 pm ]
Post subject:  Re: Cheap petrol !!
Quote:
Fuel prices will remain low for a while, in fact they will drop some more.
The price of oil per barrel is at an all time low due to the high production of oil in America and all the hydraulic fracing they have been doing.
It's to break the Russian banks in my eyes and to bring then into another depression

Sorry there's me rambling on :yawn:
I've heard that too. Russia is pretty depressing place to live for the average person anyway. Last thing the people need is more hardship.
Author:  chevy-stu [Thu Jan 01, 2015 11:27 pm ]
Post subject:  Re: Cheap petrol !!
1.09.9 for unleaded at my local yesterday !!!! :wtf:
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