Oil price hits new high

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Wed 1 Aug 2007 17:23
Oil price hits new high - Xileno {P}
More misery for motorists in the pipeline (pun intended) as the oil price rises to a new high:

news.bbc.co.uk/1/hi/business/6926403.stm
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Wed 1 Aug 2007 17:42
Oil price hits new high - flunky
at least it stops greedy gordon putting the tax up....
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Wed 1 Aug 2007 17:56
Oil price hits new high - David Horn
*Rushes off to panic buy*

"I'll take 2000 litres - don't worry, I brought some saucepans to put it in and the bath's empty at the moment".
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Wed 1 Aug 2007 18:34
Oil price hits new high - Jonwm {P}
LOL at David

Can't beat a bit of panic buying!!
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Wed 1 Aug 2007 20:55
Oil price hits new high - MichaelR
It's an excuse to raise prices not a reason for higher prices, the cost of the oil makes up a small fraction of our pump price.

Were we not taxed so heavily oil could QUADRUPLE in price and we'd pay less for petrol than we do now..
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Wed 1 Aug 2007 21:26
Oil price hits new high - PR {P}
I may be mistaken but isnt there another tax hike due in Sept / Oct? I seem to remember in GB's last budget he riased petrol duty 2p per litre but deferred it until the autumn? If so it will be a double whammy.
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Wed 1 Aug 2007 22:07
Oil price hits new high - csgmart
*Rushes off to panic buy*
"I'll take 2000 litres - don't worry I brought some saucepans to put it in
and the bath's empty at the moment".


* Oh hang on a minute I've just remembered that the house was flooded recently and the saucepans and bath were filled with tap water before the mains water was turned off - blast it! Damn Government get you every which way....



* No offence meant to anyone who has suffered recently with the appaling flooding - it must be awful for you.
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Wed 1 Aug 2007 22:55
Oil price hits new high - Lud
No doubt Number Cruncher can do an off-the-cuff breakdown of price of petrol and diesel to the refiner at the refinery, tax, and upstream and downstream oil company profits, far from negligible one imagines...Sorry NC but I won't do the research myself unless someone pays me.
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Wed 1 Aug 2007 23:30
Oil price hits new high - Number_Cruncher
>>off-the-cuff breakdown of price

Shudder!

Sorry Lud, beyond embarassing and antagonising the local building society staff with my mortgage spreadsheet, I don't do financial calculations for "fun". Stress, acoustics, vibration, dynamics, and vehicle performance calcs, now that's much more interesting!

Number_Cruncher
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Wed 1 Aug 2007 22:51
Oil price hits new high - JH
X,
but only in dollars and there's better than 2 to the £ at the moment. Unleaded has just dropped by 1p at my local filling station to 95.9. Shame I use diesel! Still, cutting the grass is slightly cheaper.
JH
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