Price of Oil

[Arnie S]

I would not burn it , I'll eat it

Tuck in Sarah there is plenty to go around. Everything is bigger in Cal e fooernia

[Stewie]

Stewie is that you ???? ??

While taxation goes some way to explaining the price I don't think that it's a simple as that.
And I did realise that Lenihan had put 8 cents on Petrol in the budget. Even after the budget increase petrol was still relatively cheap.
Its only in the last 8 weeks or so that it has started to creep up.
The Euro has never been stronger against the dollar and as all oil is bought by the dollar the price should be falling not rising in my opinion.

No you are wrong the euro peaked against the dollar nearly 12 months ago at 1.599.

Take the lower dollar ( although still historically high) and increased tax etc and that explains the difference by and large

[ber]

No you are wrong the euro peaked against the dollar nearly 12 months ago at 1.599.

Take the lower dollar ( although still historically high) and increased tax etc and that explains the difference by and large

yes the euro is weakining rapidly ,they recokon it will hit 80p sterling before year end