The cost of petrol is going through the roof, when will they settle down or come down, do you know

They will not come down, that is for certain.

Its only about 3 weeks since the budget when the cost of fuel was cut by 1p a litre to 130p a litre, yet 3 weeks down the line fuel is already 134 - 136p a litre.

When will its stop? when people can no longer afford to run their cars to get to work, I reckon when it hits £2.50 a litre is when the real problems will come.

i dont know how long we can keep our vehicle on the road the prices are shocking.

im sooo glad my better half has just gone on maternity leave for 9 months, saving us a fortune in petrol!!, im sorry, but its going to get to the point soon enough where people can no longer afford to run a car and then work, so its self defeating in the end!!

i can see there being a gridlock where some people can no longer use or afford running their vehicle.

definitely up!£1.47 / litre tonight!

Prices definitely are going up!
Although there are some environmentalists who would like to see them continue rising!
I think it's time for a return to the corner shop and the factory at the bottom of the road.
Policeman waling the beat
Scrapmen being called ragmen with a horse and cart
and the return of the electric milk float:hihi:

They are trying to make it so only the rich can afford to drive. Near me all the stations are 139.9 again which takes the mick to be honest.

what are the goverment doing to ease this situation.

what are the goverment doing to ease this situation.

What can they do, invade an oil rich country?

What can they do, invade an oil rich country?

Wahey

Scotland here we come:hihi:

Scotland hasn't got any oil - other than used cooking oil and there's no shortage of that.

Just been to my local garage and its just gone up again to 141.9 for diesel

The cost of WTI and Brent crude oils have fallen quite heavily over the past few days despite ongoing dollar inflation. The mass media are blaming the Fukushima meltdown, but the IEA has stated that the "high prices are already starting to dent demand growth". In 2008 oil reached $148 a barrel before this happened, recently it occurred at $108.

Sadly, for motorists, these price drops are unlikely to be recognised at the fuel pump because we no longer have a secure supply of Libyan oil and as the main oil refineries in that country have been closed or destroyed we need to ship it far more miles to be processed than we did before thus preventing any real price drops. Once global demand begins to grow again, perhaps as Japan attempts to rebuild its northeastern coast, we'll return to record high fuel prices and eventually another recession.

There's a strong 'seasonal element' in road (and aviation) fuel prices. As we move into summer, more people drive/fly more miles, demand goes up and so do prices.

I suspect prices will continue to rise this summer, but will they fall back again in late September/October and if they do, will those reductions be passed on to the customer?

The cost of petrol is going through the roof, when will they settle down or come down, do you know

Read up on Peak Oil.

Peak oil doesn't mean that we're running out of oil, but that we've passed the halfway point, we've used up 50% of the finite stocks of oil on earth.

All the easily accessible "low hanging fruit" in other words.

What's left is in harder to reach places and thus will be more expensive to extract.

The earth has been pretty much explored and surveyed by now. There are no vast, untapped reserves of oil still to be found (at least not on land).

We will only know if we've hit peak oil in retrospect, probably about a year or two after the event.

The actual point of peak will be marked with supply and price fluctuations.

Are we, in 2011 at peak yet? Impossible to say, but the IMF is certainly getting worried.

WTI oil trading over $111, IMF joins the peak oilers party (http://www.liveoilprices.co.uk/oil/oil_prices/04/2011/wti-oil-trading-over-111-imf-joins-the-peak-oilers-party.html)