GOLDMAN 555

Although the Labour government information department(BBC) keeps shouting the oil price is falling. Price is up around $93 a barrel.

Does anyone know how much this is going to equate to super unleaded? I reckon it means the price of super unleaded is going to go to £1.10 per litre. How long does it take for the barrel price of oil to filter through to the forecourt?

More to the point is anyone else feeling the pinch around petrol prices.

It’s quite funny how the government( and the BBC) always say that inflation is under control……………….when they don’t factor fuel prices and mortgage prices into their basket of goods.

PeteBrant

Not sure why you are blaming the BBC for report the official inflation figures. THe system for calculation was moved to the CPI some time ago, and all targets are based on this measure, hence the reason it is reported.

And as far as I know fuel costs are included, which is why inflation rose when the gas prices went up.


With regards to the actual cost of petrol, due to the majority of the public beleiving the climate change camp, they can pretty much do what they like with them without fear of mass demonstrations.

GOLDMAN 555

Thats a good point!

Bit like price of ****....I 8 Labor

PeteBrant

Indeed, they can charge what they like for them because it is, like petrol, to a certain extent, a captive market.

Flatcapdriver

Fuel prices are part of the inflation index but the problem is that they're calculated over a twelve month average so the recent hikes have yet influence inflation figures in a meaningful way.

pwhittle

got stung for 109p /l for diesel at a BP services on Friday. thought that might be the norm as I was down south, but a Shell station 3 miles on was 101p.
Thieving barstwards