Wednesday, September 10, 2008

Oil Falls over 30 %, shame about the petrol

I intend to come back with something more insightful in the near future, but for now time limits me to a moan about petrol prices !

With oil falling below $100 a barrel this week, this represents a near 33 % fall from its peak of $147 in July. Surely for a commodity to fall in price by a third is a massive movement even allowing for the dramatic rise beforehand ?

It is a shame that the petrol stations seem blissfully unaware where the price falls remain mediocre to say the least.

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