"Petrol Prices Soar to 95p a litre"

happychicken · Post by **happychicken** » 17 Apr 2009, 16:00

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

Post by **adam2** » 17 Apr 2009, 16:17

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.

DominicJ · Post by **DominicJ** » 17 Apr 2009, 17:25

Petrol is quite different from crude oil as well.
Hasnt El Gordo just whacked 2p on it also?

Ludwig · Post by **Ludwig** » 17 Apr 2009, 17:50

I've noticed that nothing "increases" any more, everything "soars". Just the usual trashy journalism.

RenewableCandy · Post by **RenewableCandy** » 17 Apr 2009, 17:52

Oh dear. My daughter's foot size has "soared" to 7 1/2!

Andy Hunt · Post by **Andy Hunt** » 17 Apr 2009, 22:12

RenewableCandy wrote:Oh dear. My daughter's foot size has "soared" to 7 1/2!

Nice one!

ziggy12345 · Post by **ziggy12345** » 17 Apr 2009, 22:44

My bread has just soared. I had better put it in the oven

pablo · Post by **pablo** » 17 Apr 2009, 23:25

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?

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