Crude hit 105.00/barrel today.....a far cry from it's high in June.
Has your fuel supplier backed off the charge you have to pay?
Equivalently?   Percentage wise?

Burkie

Burkie wrote:
> Crude hit 105.00/barrel today.....a far cry from it's high in June.
> Has your fuel supplier backed off the charge you have to pay?
> Equivalently?   Percentage wise?

Actually yes - petrol prices have been dropping for the last few 
weeks.  From 119.9 pence per litre in the middle of summer, they're 
now down to 107.9 per litre this week.

-- 
Jette Goldie
jette@blueyonder.co.uk
http://www.jette.pwp.blueyonder.co.uk/
http://wolfette.livejournal.com/
("reply to" is spamblocked - use the email addy in sig)

In article <Gkwwk.53927$E41.36968@text.news.virginmedia.com>, Jette 
 writes
>Burkie wrote:
>> Crude hit 105.00/barrel today.....a far cry from it's high in June.
>> Has your fuel supplier backed off the charge you have to pay?
>> Equivalently?   Percentage wise?
>
>Actually yes - petrol prices have been dropping for the last few weeks. 
>From 119.9 pence per litre in the middle of summer, they're now down to 
>107.9 per litre this week.
>
Hmm, diesel here has gone from 144.9 to a (mere) 122.9.

-- 
Malcolm

Quoting from message <7393M+i+PqwIFwf5@indaal.demon.co.uk>
 posted on 6 Sep 2008 by Malcolm  I would like to add:


> In article <Gkwwk.53927$E41.36968@text.news.virginmedia.com>, Jette
>  writes
>>Burkie wrote:
>>> Crude hit 105.00/barrel today.....a far cry from it's high in June.
>>> Has your fuel supplier backed off the charge you have to pay?
>>> Equivalently?   Percentage wise?
>>
>>Actually yes - petrol prices have been dropping for the last few weeks.
>>From 119.9 pence per litre in the middle of summer, they're now down to
>>107.9 per litre this week.
>>
> Hmm, diesel here has gone from 144.9 to a (mere) 122.9.

LPG just down the road hasn't gone down from 64.9ppl yet - 20 miles 
away it's 54.0ppl, but it's not worth going that far.


-- 
.ElaineJ.  Visit Jones' Pages at http://www.users.zetnet.co.uk/ejones
.Virtual.  Corwen, North Wales; Steam Traction, with feature on 
Fodens; StrongArm  Textures/Backdrops; Spring Graphics
.RISC PC.  CMMGB with pics of pre- WW 1 Dawson & Yukon Volunteers.

On Sep 7, 4:47 pm, Elaine Jones  wrote:
> Quoting from message <7393M+i+PqwIF...@indaal.demon.co.uk>
>  posted on 6 Sep 2008 by Malcolm  I would like to add:
>
> > In article <Gkwwk.53927$E41.36...@text.news.virginmedia.com>, Jette
> >  writes
> >>Burkie wrote:
> >>> Crude hit 105.00/barrel today.....a far cry from it's high in June.
> >>> Has your fuel supplier backed off the charge you have to pay?
> >>> Equivalently?   Percentage wise?
>
> >>Actually yes - petrol prices have been dropping for the last few weeks.
> >>From 119.9 pence per litre in the middle of summer, they're now down to
> >>107.9 per litre this week.
>
> > Hmm, diesel here has gone from 144.9 to a (mere) 122.9.
>
> LPG just down the road hasn't gone down from 64.9ppl yet - 20 miles
> away it's 54.0ppl, but it's not worth going that far.
>
Dear Mrs. Jones:   Please let's do something for the benefit of us
all.   I would hope that we can all figure out a way to alleviate
money flying out of all our pockets  for the fuel expenses we are all
trying to deal with.

Here, we've even resorted to driving a tractor or riding a horse to
town to purchase our needs.   It's just that bad for us.
I refuse to be made a victim of oil company policies.   It's a matter
of principles.

Burkie in Kansas
----------------------------------------------------------------------------------------------------------------------------------------------------------------------

Dear Friends:   For just an exercise in math, the high for world Crude
Oil was just a little over $145.00 a barrel, on June 17th, 2008.


For the sake of easy figuring ....and recording of dates and
prices.....write down $145.00.   About a week later, just prior to
July 4th weekend in the USA,  we had to pay, $4.00 a gallon for
gasoline.   The UK's prices were almost, if not more than double that.

Today, crude prices are closing at $107.00 or so, a barrel.   That's
makes crude trade at 73.79310 % of its high before the 4th of July.

Ok,   now figure this:    $3.99-$3.49 (then vs. my gas price today)
='s  $0.50 cents a gallon reduction since the high in June, that I
have to pay for a gallon of gas.


The equation works like this:    $3.99-3.49/3.99 ='s    87%

There's a 14% higher cost for gas now, from the numbers standpoint.

In other words, the price of gas is not being equivalently traded
lower as crude prices have been reduced....( until they get rid of
high cost inventories.   In my opinion, there's only one way for the
wholesalers to unwind this situation... ...dilution of high cost fuel
with lower cost fuel, but their money got used up in the meantime.

So who's responsible?

Shut it down folks.   Don't buy anymore gas or diesel than you
absolutely have to.   I know this comes as a rather bad time to make
this suggestion, but for me, it's a matter of survival.   Don't waste
a penny or a pence.

Let's bury some hatchets and figure out a way and means to save on our
expenses to live.

Burkie at Abilene

P.S.   It's just your own money you're throwing at the retailers
now.   They built is all up in advance of July 4th, made you
pay.....and now got stuck with it.
------------ --------- --------- --------- --------- ---------
--------- --------- --------- --------- --------- --------- ---------
--------- -

Hello again.   Your posts on your prices are revealing from the
percentage standpoint.   Using the figures supplied for petrol and
diesel works out to a 10% drop for petrol   at 89.99% of your earlier
summer high.   Unlike here, your diesel prices are far lower in
reduction than here...a 15.19 % reduction  at 84.81 % of your high.


We've done some asking around some of the other groups we're involved
with.   People here have definitely "tightened it up," in terms of how
they used to drive.   This is also being done nationally.   Local
recreational traffic is almost nil to the norm.   There's been only
one good weekend for camping and boating all summer long.....and that
was last weekend over the Labor Day holiday.   Fishing and skiing are
just too expensive for most of the folks I know.   There are a few die
hards, but even they are complaining about the costs.

Now that Hurricane Ike is headed for the Corpus Christi/Houston area,
there is a lot of concern as to its effects on the oil refining
industry....so the suppliers aren't lowering their prices.

As we live on a main farm-to-market tarmac road, we can see obvious
reductions in traffic.

Here's a good article I received overnight about speculation in the
oil futures contracts:

http://www.usatoday.com/money/industries/energy/2008-09-10-oil-speculation_N.htm

Burkie in Kansas