Fuel prices are soaring and look set to reach an all time high and it looks like motorists will again be walloped when the budget comes around next week. Prices have reached £1.15 a litre at supermarket pumps across Dundee that’s up from 90.7p only a year ago.
Things look set to get worse with petrol costs soaring above the all time record of £119.7 a litre that was set in July 2008. The price hike back then was caused by the soaring price of a barrel of oil which back then stood at £97 a barrel. It is currently £53 a barrel.
So why this la
test price hike? Well it is mainly to do with the excellent and prudent management of our economy by Messers Brown and Darling, which has caused the pound to slump against the dollar (and God knows the dollar is not doing all that well). And as we all know the price of oil is set in dollars.
If you remember back in 2008 Gordon decided that to help struggling motorists he would cancel the fuel escalator that always comes around at budget time and ensures that the cost of petrol and diesel in this oil rich nation is the highest in the world. As yet there is no sign that a similar bribe might be forthcoming in light of the looming Westminster election.
But don’t put it past the powers that be in No 10 to trot something of that kind out (and by the powers that be I don’t mean Brown and Darling, but Mandelson and Campbell).
Things look set to get worse with petrol costs soaring above the all time record of £119.7 a litre that was set in July 2008. The price hike back then was caused by the soaring price of a barrel of oil which back then stood at £97 a barrel. It is currently £53 a barrel.
So why this la
test price hike? Well it is mainly to do with the excellent and prudent management of our economy by Messers Brown and Darling, which has caused the pound to slump against the dollar (and God knows the dollar is not doing all that well). And as we all know the price of oil is set in dollars.If you remember back in 2008 Gordon decided that to help struggling motorists he would cancel the fuel escalator that always comes around at budget time and ensures that the cost of petrol and diesel in this oil rich nation is the highest in the world. As yet there is no sign that a similar bribe might be forthcoming in light of the looming Westminster election.
But don’t put it past the powers that be in No 10 to trot something of that kind out (and by the powers that be I don’t mean Brown and Darling, but Mandelson and Campbell).
Motorists will be walloped when the budget is announced but as soon as Labour start taking a walloping in the polls, then watch the price of fuel come down. Labour and the convenience U turns if you follow me?
ReplyDeleteBecause the tories threaten the economy, unsettle the markets..and because the snp weaken the uk market credibility with their 5th collum campaigning.
ReplyDeleteend of.
Peter is it not 'End Off?'
ReplyDeleteAye, it's Somethin' Off, yer right there Allan.
ReplyDeleteAh'll no say it, cos ah dinnae sweer.
Hey Allan, pretty much a fair assessment there. It will be bribes all round I expect.
ReplyDeletePeter err thanks for that, I think! I love the column as in gollum, thats too much. Are you doing it on porpoise?? Get it!
ReplyDeleteSophia thanks very much for your circumspection it is very much appreciated. We do not have a policy of deleting comments on here (unlike on some supposed best Labour blogs in Scotland) but we do prefer more colourful language to be kept at a minimum.
ReplyDeleteMunguin ...Circumspection is Sophia's middle name.... or something like that anyway.
ReplyDeleteIt's amazing though. Scotland is rich in oil and has the dearest petrol in the world, Saudi is rich in oil and has the cheapest petrol in the world. Go figure!
Tris yea it makes no sense. But of course the Government like to wallop drivers, drinkers and smokers to pay for their wars and nuclear weapons and for their international pretensions around the globe. If evrybody went on the wagon, quit and bought a G-whizz where would Gordon Brown be when it came to sticking his nose ito other countries business?
ReplyDeleteMaybe he could start worry about the bloody mess his own country (and I really mean England by that) is in. Fortunately, much of what effects me on a daily basis has nothing to do with him. God help the poor English.
ReplyDelete