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UK Petrol Prices 'Could Soar To £2 A Litre' (12.28$/gal)
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[quote:Anonymous Coward 1285352:MV8xMzgxMjA1X0E4NjM1NTFE] http://news.sky.com/skynews/Home/Business/UK-Petrol-Price-Could-Reach-2-A-Litre-If-Libya-And-Mideast-Instablity-Escalate-Warns-Govt-Minister/Article/201103115946140?lpos=Business_Carousel_Region_2&lid=ARTICLE_15946140_UK_Petrol_Price_Could_Reach_%3F2_A_Litre_If_Libya_And_Mideast_Instablity_Escalate_Warns_Govt_Minister [i]The international development minister said, in a worst case scenario, where terrorists bombed oil tankers or Saudi reserves, the price of oil could rise to $250 dollars a barrel. That figure would mean motorists in the UK paying around £2 a litre for petrol. In an interview with The Times newspaper, he suggested it is possible the price of crude oil could easily top the current record price of $147 a barrel reached in July 2008. "$200 is is on the cards if... anyone is reckless and foments unrest," said Mr Duncan.[/i] That would be epic. [/quote]
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link to news.sky.com
]
The international development minister said, in a worst case scenario, where terrorists bombed oil tankers or Saudi reserves, the price of oil could rise to $250 dollars a barrel.
That figure would mean motorists in the UK paying around £2 a litre for petrol.
In an interview with The Times newspaper, he suggested it is possible the price of crude oil could easily top the current record price of $147 a barrel reached in July 2008.
"$200 is is on the cards if... anyone is reckless and foments unrest," said Mr Duncan.
That would be epic.
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