Oil Prices Slip

[Diezel Weazel]

Oil prices extend slide on signs of demand and declines to $119 a barrel ....

There's always a Payback .... Ya just never ever see it Comin !!!!

[BUSHWHACKER]

Oil prices slip??

Just how slippery was that oil anyway?

[Diezel Weazel]

Your so slick Vince ... mind ya don't slip up !!!!

There's always a Payback .... Ya just never ever see it Comin !!!!

[jelsplace]

On a seious note, the bummer about all this is that we don't see the benefit of the slump. Crude is now at its lowest since May but where's the equivalant drop in diesel prices?

[Albannach]

On a seious note, the bummer about all this is that we don't see the benefit of the slump. Crude is now at its lowest since May but where's the equivalant drop in diesel prices?

The price increases were mainly duty or indirect taxes. There has been a decrease in price in most areas, around 3-5ppl seems to be an average, this was done by the oil companies.

Big price movements like we've seen recently can only be done via duty.

[naphar]

The price increases were mainly duty or indirect taxes. There has been a decrease in price in most areas, around 3-5ppl seems to be an average, this was done by the oil companies.

Big price movements like we've seen recently can only be done via duty.

I don't think there is any way that the 30ppl increases we have seen were because of fuel duty, they were driven by the rising oil price. Sure, there were probably a few extra pence shoved on as fuel duty (maybe). And about 15% of the remainder of the increase would have been VAT, but mostly I think it was due to the oil price rising so heavily.

so, when the cost is coming down, so should the fuel price at the pumps. and it has round my way, from about 132.9 ppl for diesel, to about 122.9ppl.

Or, am i missing something???