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Petrol sales fall 20% as drivers feel the pinch

Petrol retailers have disclosed that fuel sales dropped sharply over the past few weeks and the latest figures appear to show that demand for petrol in Britain has slumped by as much as 20 per cent over the past 12 months.

According to the IEA, a part of the Organisation for Economic Co-operation and Development, motorists are instead choosing to take public transport as their cars become too expensive to run.

Speaking to The Daily Telegraph on Tuesday, Eduardo Lopez, the IEA's chief oil analyst, said: "British motorists are clearly driving less. "They are switching to public transport, which is much easier to do in Britain than in America, where people living in the suburbs often have to drive whether or not they want to."
 

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"They are switching to public transport, which is much easier to do in Britain than in America, where people living in the suburbs often have to drive whether or not they want to."
On one hand, too bad this really won't happen here since most areas don't have adequate public transportation.

On the other hand, sustained high prices will drive alternatives.
 

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On one hand, too bad this really won't happen here since most areas don't have adequate public transportation.

On the other hand, sustained high prices will drive alternatives.
Agreed. This is the silver lining inside this huge dark cloud looming over us. It's preceisely because we don't have a well developed national transit system that we will have to develop huge sources of alternate fuels. It may take 5 or 10 yrs while the price of petro-fuel goes to $8 or so but in the end we will succeed.
 

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It's good to see demand going down. That certainly is a significant number! Hopefully demand will go down around the world and prices will start to relax a bit.
 

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It's good to see demand going down. That certainly is a significant number! Hopefully demand will go down around the world and prices will start to relax a bit.
Wait, wait, we gotta' hear from all the guys driving the specu- - bus - obviously just another sign of the rampant non extra demand that doesn't exist - in an overall sense.

Something could happen to change it but if things muddle along in current normal fashion worldwide demand is going to havea tough time increasing by 1-2% for the year.

Well, hopefully somebody will predict 500.00 barrel for next fall - otherwise as more information develops 'our thing v10' is gonna' start falling apart.
 
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