Here comes the fuel price surge

[dArKeR]

Petrol and diesel prices will rise steeply in September and October on the back of a multiplicity of fears, economists said on Thursday.

T-Sec chief economist Mike Schussler said he expected the retail price of 95 octane petrol in Gauteng to climb 25 to 30 cents in September from the current R4,35. (The pump price at the coast is R4,24.)

In October he expected a further 20 to 25 cent increase.

"The exact figures are still difficult to calculate because of the mercurial price of oil, racing up one day then plunging the next," Schussler said.

http://www.iol.co.za/index.php?set_id=1&click_id=13&art_id=qw1092932463599B214

[tedoll78]

1. Peak oil..

scary.

I wonder how long this will take to get us into a depression?

I need to begin preparing.. this is for real.

[Tandalayo_Scheisskopf]

2. A friend of mine...

A Man Who Knows Things, says that the market is being grossly manipulated. He say it is heating up now, because of the real fear that Chimpy is doomed. He says the new hard deck for oil is $35.00. Kiss the $20s goodbye.