So…fuel prices…we’ve seen the biggest and fastest increase in ppl since records started 18 yrs ago…why?
Well…the oil producing nations decided that $50 a barrel was too cheap and have been restricting production so the price has reached $80 a barrel, so you might blame them?
But consider, because oil is traded in $ and the £ is weak against the $ that has amplified the price rise.
But why is the £ weak? Ah yes…BREXIT!
So ultimately the pain being felt at the pumps by drivers is down to BREXIT…
Roll on Brexit!
Nice objective piece of journalism there ever considered working for the mail?
FYI it’s rarely ever black and white.
Carryfast and Rjan incoming in 3… .2… 1…
TBF…the £ has been far lower than at present, and oil didn’t rise to this level…
The speculators smell blood and are targeting $150 a barrel…its wobbling at the moment around the $77/80 a barrel
Its going to be a bumpy ride…buckle up 
DonutUK:
So…fuel prices…we’ve seen the biggest and fastest increase in ppl since records started 18 yrs ago…why?Well…the oil producing nations decided that $50 a barrel was too cheap and have been restricting production so the price has reached $80 a barrel, so you might blame them?
But consider, because oil is traded in $ and the £ is weak against the $ that has amplified the price rise.
But why is the £ weak? Ah yes…BREXIT!
So ultimately the pain being felt at the pumps by drivers is down to BREXIT…
The biggest cause of the recent rise is Trump ripping up the Iran nuclear treaty and the fact that a barrel of oil has been historically low for the last year or so, most of what the pound lost against the dollar in 2016 has been regained, £ to $ 6thJune 2016 1.44, £ to $ 4th June 2018 1.34. If it is solely down the exchange rate why has diesel risen in Ireland from 1.20 euro in April to 1.34euro now?
Mazzer2:
DonutUK:
So…fuel prices…we’ve seen the biggest and fastest increase in ppl since records started 18 yrs ago…why?Well…the oil producing nations decided that $50 a barrel was too cheap and have been restricting production so the price has reached $80 a barrel, so you might blame them?
But consider, because oil is traded in $ and the £ is weak against the $ that has amplified the price rise.
But why is the £ weak? Ah yes…BREXIT!
So ultimately the pain being felt at the pumps by drivers is down to BREXIT…
The biggest cause of the recent rise is Trump ripping up the Iran nuclear treaty and the fact that a barrel of oil has been historically low for the last year or so, most of what the pound lost against the dollar in 2016 has been regained, £ to $ 6thJune 2016 1.44, £ to $ 4th June 2018 1.34. If it is solely down the exchange rate why has diesel risen in Ireland from 1.20 euro in April to 1.34euro now?
Not solely down to exchange rate, but we are feeling a sharper effect because the £ is weak due to BREXIT.
DonutUK:
But why is the £ weak? Ah yes…BREXIT!So ultimately the pain being felt at the pumps by drivers is down to BREXIT…
Err no it isn’t. The International Monetary Fund, an organisation you Remoaners love to quote, stated in their report at the beginning of June 2016 before the Referendum and the drop in the value of the pound that at the time Sterling was over-valued between 5%-20%. The value of sterling has dropped 12% so is now at the value it should be.
The Pound is not weak, the pound is at the value it should be at.
Prior to the Referendum the Pound was too strong making our goods far too pricey and harming massively exports and manufacture. I don’t know about you but I’ve been far busier since the pound dropped than I had been in the year prior to the referendum and so has everyone who I talk to. We have record numbers of people in employment and a rate of unemployment less than half of that of the Euro zone so it isn’t just me who is busy, the nation is. Its far easier to buy a litre of fuel at £1.30 a litre when you have a job earning £300 or more a week than buy it in February 2016 at £1.01 a litre living on £75 a week dole money.
Conor:
DonutUK:
But why is the £ weak? Ah yes…BREXIT!So ultimately the pain being felt at the pumps by drivers is down to BREXIT…
Err no it isn’t. The International Monetary Fund, an organisation you Remoaners love to quote, stated in their report at the beginning of June 2016 before the Referendum and the drop in the value of the pound that at the time Sterling was over-valued between 5%-20%. The value of sterling has dropped 12% so is now at the value it should be.
The Pound is not weak, the pound is at the value it should be at.
Correct, funny how before the referendum economists were saying the pound needs to lose 15 to 20% of its value to make the UK’s economy competitive then post referendum when it did, it was viewed as a disaster, as usual economists proving that there is more credibility in Tarot cards than economic forecasting
Boycott esso and shell till they have no choice but to drop prices or go bust. The power is with the people not corporations.
Same with supermarket self checkouts just boycott them and queue up, they are using customers so they can lay off staff and boost profits.
Prior to leaving the uk in 2011,I was paying around 130.6 a litre for unleaded … as prefisouly mentioned the barrel price is lower so now increasing … sorry ■■■■■ … you can’t keep blaming brexit as the UK have not even left yet.
I was in Costco at the weekend and fuelled up there, diesel price was around 7p per litre cheaper than the supermarket down the road
Mazzer2:
Conor:
DonutUK:
But why is the £ weak? Ah yes…BREXIT!So ultimately the pain being felt at the pumps by drivers is down to BREXIT…
Err no it isn’t. The International Monetary Fund, an organisation you Remoaners love to quote, stated in their report at the beginning of June 2016 before the Referendum and the drop in the value of the pound that at the time Sterling was over-valued between 5%-20%. The value of sterling has dropped 12% so is now at the value it should be.
The Pound is not weak, the pound is at the value it should be at.
Correct, funny how before the referendum economists were saying the pound needs to lose 15 to 20% of its value to make the UK’s economy competitive then post referendum when it did, it was viewed as a disaster, as usual economists proving that there is more credibility in Tarot cards than economic forecasting
+another.
I strongly suspect that Mr. DonutUK is a member of the younger generation and gets his Brexit news from Facebook.
Pokerblade:
Same with supermarket self checkouts just boycott them and queue up, they are using customers so they can lay off staff and boost profits.
Actually to also help keep prices down. The profit they make is very low, around 3%.
I’m in Canada and my fuel has gone up from $1.04/ltr in Feb to $1.49/ltr I paid last night, is that down to Brexit as well ?
discoman:
Prior to leaving the uk in 2011,I was paying around 130.6 a litre for unleaded … as prefisouly mentioned the barrel price is lower so now increasing … sorry ■■■■■ … you can’t keep blaming brexit as the UK have not even left yet.
The Brazilians are certainly not blaming Brexit for their fuel price increase…all out striking has won their trucking association some respite…and the finance minister has resigned over it…power to the people 
But you also know that a jump from $ 50 to $ 80 barrel still only translates to around an extra 1 dollar ‘per gallon’ on the price.Oh wait the VAT component added to that mostly goes to EU.While the also unsustainable road fuel duty component is a political tax.Which is there firstly to deliberately ■■■■■■■ the industry and secondly to fill the whole in the tax revenues created by the loss of income tax generated by all the industry which we no longer have because it’s been transferred to Europe.In addition to the massive black hole created in our budget by our EU net contribution.In addition to the downward pressure on wages created by free movement of low wage expectation labour.While obviously being a flat rate regressive tax that hits the lowest paid hardest while allowing the richest to keep more of their money.
It seems strange how you seem so bothered about the extra $1 dollar in that case.As opposed to all that extra taxation that goes with it and which you also know is what is creating the massive price increase at the pump.That fuel taxation usually actually also actually supported by the EUSSR supporting remoaners.
As for the money markets.Yes as you also know that’s controlled my the same Globalist banker elite that wants to keep us under the control of the EU to make the imposition of their allied Communist Chinese controlled New World Order easier.On that note it’s obvious what the political motives of the leftist remoaners are in that regard and it’s obviously nothing to do with them being part of the banker elite.Which only leaves one other option.
Don’t matter if we’re financially buggered and everything gets more expensive. Just as long as we keep 'em foreigners out. Taking our jobs and our women.
neilg14:
I’m in Canada and my fuel has gone up from $1.04/ltr in Feb to $1.49/ltr I paid last night, is that down to Brexit as well ?
Also bearing in mind that in Canada tax makes up around 30% of the price while here it’s well over 50%.
While by the remoaners logic at USD 77 c = 1 Canadian dollar as opposed to 1.3 USD = £1 fuel costs in Canada should be way higher than here not lower.
I put fifty quids worth in my car on the weekend, I also put fifty quids worth in the month before. What price increase?