Petrol Prices

[kam05]

RANT MODE ON........

Is it me or are petrol prices on the up again?

Round my way, the cost of petrol was 85.9p a litre last week, this went up to 86.9p on the weekend, this morning I filled up the Lex and the price was 87.9p.... (I'm talking about the normal stuff- not optimax etc.)

I thought that petrol prices would be coming down in the new year? Does this mean we all could be looking at a fresh wave of fuel protests/panic buying soon?

.....RANT MODE OFF

[swfcdan]

ive noticed the same too! booo to petrol!

[IanB]

Yep! It's all about the oil price. Just watch it here:-

http://newsvote.bbc.co.uk/1/shared/fds/hi/...ies/default.stm

[Mr Morse]

A lot of the increase has resulted from jittery markets due to the political instability in Nigeria (the world's 7th largest producer, and supplier of 18% of the UK's oil).

In the Niger delta (the main producing region), civil unrest has resulted in Nigeria's biggest producer Shell closing down many flow stations, cutting some 20% of Nigeria's crude production.

The situation is likely to get worse before it gets better, ahead of 2007 presidential elections.

[Lex-aholic]

I think it's time for Lexus to bring out a small economical car.

[Scarlet Pimpernell]

And don't forget the shannanigans at Iran too...with sanctions etc a possibility...less Oil...more price...