Anyway,
I've just looked at the crude oil prices - and they continue to fall - with an expectation that barrel prices will drop below $120 for the weekend. And the futures price for petrol has dropped by almost 5%.
Now, the betting side of this is:
1. Do you think the Pound will maintain it's current level against the Dollar and Euro - if yes, then pump prices should fall
2. Fuel pump prices around here have been dropping back this week - but that might not be the same everywhere...
3. Diesel prices - because demand and supply are so well balanced - then these will probably stay that bit higher than petrol for some time
4. And the big if is - will the oil producing countries continue to keep pumping at the same rate once they see their incomes falling...
Robert
I've just looked at the crude oil prices - and they continue to fall - with an expectation that barrel prices will drop below $120 for the weekend. And the futures price for petrol has dropped by almost 5%.
Now, the betting side of this is:
1. Do you think the Pound will maintain it's current level against the Dollar and Euro - if yes, then pump prices should fall
2. Fuel pump prices around here have been dropping back this week - but that might not be the same everywhere...
3. Diesel prices - because demand and supply are so well balanced - then these will probably stay that bit higher than petrol for some time
4. And the big if is - will the oil producing countries continue to keep pumping at the same rate once they see their incomes falling...
Robert