
With crude oil currently commanding $120 a barrel and records prices being presented at the pumps there seems no end to the continuing rise in both wholesale and commercial retail prices.
To add further speculation to price increases Opec, the main oil organisation have indicated that they see prices rising to a possible $200 a barrel. With wholesale prices reaching these levels it seems incomprehensible at the impact at the front end. With many public consumers already watching the pennies some have resorted to alternative forms of transport but the real concern comes from the commercial haulage aspect
Increased diesel costs filter down rapidly to the goods being transported by the haulage firms who have no alternative but to increase the price of transporting them. The main consumer products that always hits the headlines is the price of food.
The ryhme or reason for the massive increases comes in different shapes and forms but there appears to be no loser impact on the oil companies themselves.
BP and Shell have both just announced massive profits in the multi billion pound brackets. Figures like this are only going to fuel further anger from the commercial and retail consumer.