Gasprices dropping! Yay!

[jeppebm]

Hi Guys - we normally pay around 1.22£ to 1.26£ - pr liter 95 ledfree gas.

This weekend people get that at around 1.16£ pr liter

in danish kroner its from 11.50-12kr - down to 10.95 - so in my case living in Copenhagen (most expensive part of Denmark) its almost dropped 1.kr pr liter ... thats alot

How about you guys?

 

[Ralph]

£1.29 round here NW UK but at least the 07 is not heavy on juice,
better than the bike I traded for it a Burgman 400.

 

[TJ63]

I just filled mine up and only paid £1.249 a litre. Not been that low since end of 2010.

 

[MTom]

Nice to see it coming down. Bring back 2005 when super unleaded was under a £1

 

[xt660isgood2]

Or 1980, when I used to fill up my trusty AP50 when it was only 70p.......a gallon!!

 

[Peter]

In Hungary it is dropped by 5% in the last couple of weeks. Worldwide trend...

 

[xt660isgood2]

But does anyone know why? When the middle east is so unstable?

 

[sven11]

Canada and USA are exporting huge amounts due to limestone (belive that is the name) extraction. Also Russia is selling it cheap due to reduction in amount of natural gas they are exporting.


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[sven11]

Additionally middle east refuses to lower the amounts produced in order not to lose market share. A circle that for once is playing in consumer favour


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[Gaulois]

OPEC want to see how low US and Canada can sustain their higher cost production. The oil barrel cost about $80 right now . Some say the higher production cost Canadian sand tar can go as low as $60 a barrel. So we have a way to go.
Predictions are that it will keep on going down until spring.
One conspiration theory is that all this is calculated. It is made to hurt Russia for their involvement into Ukraine, as oil is what keeps the Russian economy at float.

 

[loneranger]

120.9 where i am? cheaper anywhere else in uk?