.... why is it that petrol prices are on the way down? Clearly they are not down to the levels we saw a few years ago (see right!), but nothing has changed to any great degree in the Middle East, excise duty hasn't changed, VAT hasn't changed & production levels haven't been changed greatly by OPEC? I know that there has been a major oil find in the US, but would that change the price by this much?
If you look at the table left from the excellent site petrolprices.com, you will see a split as to where the pennies might go if a litre cost 90 pence.
Don't get me wrong, I'm a happy chappy if the price continues to fall, I have 4.2 litres of Audi engine to feed on a regular basis, but why the hell has the price gone from 99.9p a few weeks ago to 84.9p now?
It's also further compounded for me as I appear to live in one of the most expensive places as far as petrol is concerned. Why would a small town in north Hampshire always be singled out for being a few pence more expensive that anywhere else (apart from the rip-off motorway services). Don't try to tell me it's distribution costs, there are plenty of large scale distribution businesses that choose Andover as it's operating base because it is so convenient to the road network.