Any thoughts on if the price of fuel will stop climbing? Seriously regretting not locking in red diesel at 49p/l in early January for harvest requirements.
Crude oil price
- Thread starter Norfolkboy
- Start date
mwj
Member
- Location
- Illinois USA
Vaccine + confidence = demand = higher prices!
oil barron
Member
- Location
- Aberdeenshire
A bit the same here,do I fill the half empty tank before prices probably go higher........probably?
- Location
- East Sussex
Very unlikely it will rise much more as the pound is now very strong against the dollar.
Many economies are not in a good shape and it is still unlikely that large scale air travel will take off very quickly.
It will be tempting for many oil producing countries to turn the taps back on if it rises much more.
I have a neighbour who is an oil and energy specialist and he has been saying that it is unlikely it will stay above $60 for very long. It is $61 today and May Brent crude is forecast at $64.
Much of the spike has been caused by the extreme weather in America.
However it is looking possible that inflation may be starting to creep back in!
Many economies are not in a good shape and it is still unlikely that large scale air travel will take off very quickly.
It will be tempting for many oil producing countries to turn the taps back on if it rises much more.
I have a neighbour who is an oil and energy specialist and he has been saying that it is unlikely it will stay above $60 for very long. It is $61 today and May Brent crude is forecast at $64.
Much of the spike has been caused by the extreme weather in America.
However it is looking possible that inflation may be starting to creep back in!
- Location
- Lincolnshire
£1.22 a the pump. That's dearer than before Corona.
Does pump price bear any relation to crude price these day?
- Location
- Lincolnshire
Apart from covid / 2007 I've never seen the pump price track the crude down. Only seems to really go one way.b
Posted a link to JP Morgan in fuel tracker who estimate that oil will be at $100/barrel in 2022. (Equates to roughly £1.43/litre for petrol at the pumps).
Of course the real point is, is food prices rise in tandem? At least then what we get with one hand can be given out with the other without chopping off a few fingers in to the bargain
oil barron
Member
- Location
- Aberdeenshire
It will be good for farmers too in 6 months timeI assume that this is good for you?
- Location
- Lancashire
Had some delivered yesterday for 52ppl, other supplier was 59
- Tags
- red diesel