The Sky Is NOT The Limit For UK Petrol Prices
Sun, 01/30/2011 - 22:32 — TheCarHubTeam
UK motorists are now paying record high prices for fuel for their vehicles, as if they were not aware of this fact.
The previous high for petrol prices was in 2008 when a barrel of oil hit $140 a barrel, compared to the $100 a barrel it presently costs.
With increased tax costs already in the pipeline to come into force on the 1st. April (no joke here) there is pressure now from all motorist organizations including the RAC who have recently given their backing to opposing any further increased fuel costs.
Further anger could be vented in the next few weeks when oil giants Shell and BP are due to report on their profits, these profits are expected to have increased considerably to be in line with those of US oil giant Chevron who increased their year on year profits by a whopping 72% in their third quarter of the year to $5.3 billion dollars.
Talk about being taken for a ride.
Bill Williams
