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Steve Orme

Trinity Mirror Regionals Driving Force columnist STEVE ORME gives his take on everything from the car with the biggest cup holders (Ford Edge, 20oz) to congestion charges and how your money is spent getting toads safely across the road. It's motoring but not as you know it ...

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Petrol prices predicted to hit £1.50 a litre by September

Posted by Steve Orme on April 18, 2008 12:04 PM | 

Got much planned for the weekend? Me? Oh, might finish building the front steps, out to eat with four friends on Saturday. May look at a used Shogun on Sunday, 56k miles, £1,800. If I knock them down there’s a quick £200 to be made.

By the way, while you’re enjoying a rest you might like to dwell on the prediction that petrol will be £1.50 a litre by September (petrolprices.com ).
US crude oil surged to $114.95 a barrel after Government data showed an unexpected fall in crude supplies. In London, Brent crude futures reached a record high of $112.73 a barrel, although both it and US crude later dropped back as dealers took profits.
The renewed surge in oil prices is down to a weak US dollar, in which oil is priced, along with inflows of speculative money and long-term constraints on supply.
In fact, forget the Shogun, I’ll hang on until the autumn. Should be able to pick up two for that price then.

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