Angus Abranson (angusabranson) wrote,
Angus Abranson
angusabranson

Oil drops below $83/barrel - so when do 'our' prices come down?

Ok, so lots of prices went up when oil went over (and beyond) the $100 a barrel mark earlier this year.

So with yesterdays oil price (below $83 a barrel) when can we expect prices to start falling and becomign affordable again?

Will the British fuel companies reverse some of their earlier 35% price hikes now oil is cheaper (one of the reasons they were claiming they had to put the prices up)? Or will it quietly be forgotten and they reap in more profit whilst low-medium wage earners, the unemployed and pensioners worry about switching on their heating this winter?

EDIT: It seems that Gordon Brown also reads my blog and agrees with me - Brown Demands Petrol Price Cuts (http://news.bbc.co.uk/1/hi/business/7662918.stm)
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