There's and embargo on Iranian oil, a military build up in the Gulf and one of the few UK oil refineries has just gone bust. Do you reckon petrol prices will go up or down?

Up short term, followed by thermo nuclear war.

Shouldn't joke in this year of the Dragon, Iran, Israel, Falklands, etc.

Looks to be just a matter of time before it kicks off with Iran.

Probably Israel will begin proceedings, then the Americans will join in, and the UK will have a small role.

I would think just aerial strikes on nuclear facilities rather than any kind of liberation like we saw in Iraq.

What if Russia and / or China decide they are strong allies of Iran?

WW3?

The old ones are the best......

Petrol prices will continue to go up as long as people aren't prepared to live without their cars.

If people are daft enough to pay it, the oil companies are daft enough to charge it, and the governments are daft enough to keep putting further taxes and duties on it.

Only when we all buy either 1.0 urinators (you know, for p155ing about in), or electric cars, or walk, or get a decent public transport system, will we all stop consuming petrol at stupid rates.

And no, cod'ead, I don't drive a gas guzzler before you start.

If you can't make money selling drugs to the addicted...



With or without short term crises long term prices for fuel are only going to go in one direction.

Read an article about electric cars a couple of weeks ago. Sales are very poor. One of the reasons is they are so expensive. 25k even with a 5k Govt subsidy.

I dread to think what petrol will cost in 20 years time, even without the upheaval in the middle East, Etc it will be out of reach of most people by then.