Oil his a low of $27 a barrel on 17th Jan. It is now over $50 a barrel. So almost doubled. We won't see double at the pumps as its mainly tax. However may be wise to fill yours cars up before the weekend. I expect to see a pump rise next week.
Oil price going up.
- Thread starter TransAmDan
- Start date
AmericanThunder
Super Moderator
Simple profiteering - oil production hasn't changed and there is nothing in the World that has changed to warrant such an increase - its still the same volatile place it always was!!!
Oh well - the consumer always pays...
Oh well - the consumer always pays...
your right, if anything the cost of getting it out of the ground is probably cheaper these days as they have been doing it for soo long, they have all the best tools for doing the job right.
I think when they have loads of excess in storage they sell if for cheaper and when they get low they charge more.
I think when they have loads of excess in storage they sell if for cheaper and when they get low they charge more.
