Petrol Pump Prices

Post Note 5 July: Crude has crept up in the last week to around 100$/barrel. It will be interesting to see how fast pump prices respond to this!

Post Note: Planned fuel duty increase delayed until January 2013.

Brent Crude had fallen to 90$/barrel this afternoon which is significantly down from 3 - 6 months ago. Prices at the pump are also dropping.

The AA has a report out (a few days old) showing the impact on Pump Prices. It is not all good news as these price falls mean that economic activity worldwide is down and/or production is outstripping demand. Our own revenues fall as a result.

Nevertheless: enjoy it whilst it lasts.