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Old 19th Mar 2015, 09:15
  #537 (permalink)  
Heathrow Harry
 
Join Date: Apr 2010
Location: London
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Well head price up from a low of $46 a Barrel in early January to $ 60+ a barrel now

A barrel is about 180 litres at the pump but tax is around 75% of the price

US $ has been rising against most currencies as well so that pushes the price up

Won't last - storage is getting full and once that happens it will be straight supply (high) against demand (low) and a further fall
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