Petrol Could Soon Be Cheaper Than Bottled Water
Petrol prices have been tough on drivers over the past few years. In the UK at least, refilling your car had become prohibitively expensive for many who enjoy the kind of cars that upset Greenpeace. But it could be time to fire up your poor, neglected performance car, because the price of petrol is continuing to drop. In fact, plummet might be a more accurate description.
According to a report by the RAC motoring group, the price of petrol at the pump could drop to around 86p per litre, which would be less than a litre of bottled water costs at most supermarkets. It’s all because the cost of Brent crude oil has dropped to $30 a barrel - the lowest since 2004, and 73 per cent lower than its high last year - and is expected to continue to fall to just $10.
The cause of the drop in the price of oil is attributed to the fact that the USA’s stockpiles are ridiculously high, driving down demand. According to The Telegraph:
The US Energy Information Administration said its gasoline stockpiles grew by another 8.4m barrels in the week to January 8, higher than analyst expectations of 1.6m.
While this is bad news for oil companies, it’s great news for car enthusiasts. Now is the time to get that dream car you’ve always wanted…
Comments
Not if you live in sweden
Finally! I’ll be able to daily my RX8!
Here I come RX-8!
It’s still 1,20€ per liter in portugal …
Don’t rejoice, the economy is going to sh*t. I have some stocks and their value went DOOOOOOWN.
May I just point out that the pug in the picture is a diesel https://totalcarcheck.co.uk/FreeCheck?regk=kn57hwj
Sorry
This is not good for a sustainable environment. The world needs to clean up … the prices need to go up so that other energy sources become affordable!
Here in Sweden a litre of petrol costs just a bit above 1 pound. But gas prices probably won’t be less because Sweden is sh*t.
Except for the fact that you live in lebanon and even thought a full tank costs 5$, the goverment makes you pay an additional 10$ as takes
This is great and terrible. This is what lead to complacency of auto makers the last time. When everyone is buying inefficient SUVs and trucks, manufacturers don’t innovate.