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Thread: Oil Price

  1. #21
    Regular Member Hideous's Avatar
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    Engine : CDTI160

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    Quote Originally Posted by MattW View Post
    The price should fall at the pumps once the pumps contain the oil which was produced at a cheaper rate........but who knows how long that will take
    Good point. I'd imagine there is quite a bit of oil at the refineries in storage. By the time it's at the forecourts, the crude oil price might go up again
    Complicated... I suppose that is why they can't pass on massive savings to us drivers immediately, and have to price it carefully.
    Just a guess :/

  2. #22
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    Quote Originally Posted by GARY3306 View Post
    I was listening to the radio in the car a few weeks back, and all the posse were talking about holidays. One had just come back from 3 weeks in the middle east (didn't catch which part). Whilst they were there they hired a Hummer and used a full tank in just over a day. When they filled it up (80 litres), it cost them the equivalent of........£9.00
    Is it that cheap in the middle east

    It's cheaper again in Venezuela, but they supply all their own. Still, they only pay about 10p a gallon http://www.businessweek.com/bwdaily/...n_id=rss_daily

  3. #23
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    didn't say I was happy about paying £120.9 just surprised to see it fall by 10-12 p in short time which is not usually the case,does make a big difference to me as at the mo I'm putting about £400 a month in the old siggy and that was about £325 this time last year!

    pete mc

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