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At one time there was talk of oil soaring through the 300$ per barrel mark but it never happened, although this horrible prospect had been seriously on the cards. The consequences would have been fairly dire for all, for businesses, for prices, for general life for the man/woman in the street, but as we say it mercifully swung back down.
The AA said today however.....
"Falling oil prices, that have now crashed through the $100-a-barrel mark, have yet to be reflected in UK pump prices. Over the month, petrol prices rose briefly before dropping back to barely below where they started. In some parts of the country there has been virtually no change in price."
So why the heel dragging. Of course the longer the delay in getting the price to the pump the more money the oil companies, and everyone in between, makes. Its scandalous.
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