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"Petrol Prices Soar to 95p a litre"
Posted: 17 Apr 2009, 16:00
by happychicken
I was a little surprised to see this headline just now when I switched my computer on - oil prices don't seem to be "soaring" - they've gone up a little bit. What's going on?
http://uk.news.yahoo.com/21/20090417/tu ... 23e80.html
Posted: 17 Apr 2009, 16:17
by adam2
Oil has gone up a little, but the main reason is that oil is traded and priced in US$ but we buy petrol at filling stations in Sterling.
Sterling has deppreciated considerably versus the US dollar, from roughly $2=£1 down to about $1-40=£1.
Posted: 17 Apr 2009, 17:25
by DominicJ
Petrol is quite different from crude oil as well.
Hasnt El Gordo just whacked 2p on it also?
Posted: 17 Apr 2009, 17:50
by Ludwig
I've noticed that nothing "increases" any more, everything "soars". Just the usual trashy journalism.
Posted: 17 Apr 2009, 17:52
by RenewableCandy
Oh dear. My daughter's foot size has "soared" to 7 1/2!
Posted: 17 Apr 2009, 22:12
by Andy Hunt
RenewableCandy wrote:Oh dear. My daughter's foot size has "soared" to 7 1/2!
Nice one!
Posted: 17 Apr 2009, 22:44
by ziggy12345
My bread has just soared. I had better put it in the oven
Re: "Petrol Prices Soar to 95p a litre"
Posted: 17 Apr 2009, 23:25
by pablo
happychicken wrote:I was a little surprised to see this headline just now when I switched my computer on - oil prices don't seem to be "soaring" - they've gone up a little bit. What's going on?
Well they've gone up 25ish% since rock bottom of $30something. What's going on?