- Nov 11, 2009
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The Heard and Macdonalds islands face a 10% tariff. They are Antarctic and inhabited by penguins. Wonder what they export apart from rancid odours.
Pump prices/litre never seem to reduce when the world price/barrel drops - but pump prices always go up when the barrel price goes up!Some possible positive news WTI oil price for May delivery has slipped below $60 dollars a barrel. Brent will parallel WTI so should see a reduction in pump prices although the Exchequer may not see it as good news.
Pump prices do reduce as oil price drops but at a far slower rate than they go up when oil prices rise. I find that quite a strange outcome, but I guess the retailers don’t 😢Pump prices/litre never seem to reduce when the world price/barrel drops - but pump prices always go up when the barrel price goes up!