Saturday, October 25, 2008

Petrol down

For the first time for a couple of years the cost of a litre of 95 octane unleaded petrol is below a 1 euro, yesterday it was 99.7 cents from the new Eroski filling station near Cuidad Quesada. and judging by the global fall in the price of a barrel of oil it should get even cheaper, this "should" hopefully be reflected in the price of all other consumables, as we are constantly told the rising cost of transportation of goods are the reason they go up in price.
Mind you OPEC are trying to keep the oil price higher by putting quotas on oil. So far this has had no effect. The global recession is taken hold and the demand for oil has dropped.

No comments: