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Funny how when the oil price rises, the pump price rises immediately. Yet when oil drops we are told it will take a while for the lower priced stuff to hit the shops, and it never seems to go down to the level it was at before no matter how low the oil price goes. Recently it seemed whatever the price a barrel was in dollars it was the same in pence for a litre ($120/barrel=£1.20/litre IYGWIM). Now it's down below $80, but we're a long way from 80p
opec are having emergency meetings about the price of oil and are dropping production so oil will rise back over $100 a barrell . if it will rise again