Classic cars forum & vehicle restoration.

Keith D · Posted: Wed Jan 21, 2015 8:56 am Post subject: Fuel price colapse!

I am stunned! Our local Puma petrol station here in sleepy old Upper Swan is today advertising ULP for $1.02c/litre! With the 4c/litre discount voucher that the supermarkets offer, the price drops even more to 98c/litre! Less than a dollar per litre! A few months ago the price was well over $1.55c/litre!

This is the first time that cynical old me has been surprised by the oil companies actually seriously dropping the prices.

Keith

ukdave2002 · Joined: 23 Nov 2007 Posts: 4104 Location: South Cheshire

We notice it more with the price of heating oil; 2 years ago it was circa 70p a litre, today I can get it for 36p Smile

In the UK LPG also tend to be more volatile price wise, as with heating there is less tax on it that vehicle fuel, so crude oil price chages have a bigger impact.

Dave

Peter_L · Posted: Wed Jan 21, 2015 4:09 pm Post subject:

The maximum price that retailers can sell gasoline/diesel/heating oil, is set by the New Brunswick Energy and Utilities Board at 12:01 a.m. every Thursday. Retailers can sell below. Our village gas is always lower than the cities.

Gasoline is currently set at 91.4 C (Cnd) per litres and diesel at 113.5.

Our local station sells regular at 89.3. At todays exchange rate = .49p UK

A month or so ago. we were paying $1.31 per litre. The downside is, we don't do anywhere near the kms/miles we did when working. Our gas bill for two vehicles would be over $120 per week at around $1.20 per litre.

I filled up this morning, the last time was the 20th Dec.

The only way we could save a lot of money is to drive more

Rolling Eyes

Ray White · Joined: 02 Dec 2014 Posts: 6303 Location: Derby

I heard somewhere that the oil price has come down in attempt to kill off fracking?.