Welcome To Our Best Deals For Xmas Gifts Outlet Online Store Orders Over $150 , Enjoy Free Shipping,save $20 shipping cost!

longchamp le pliage tote bags

Published: Tuesday 24 September, 2013

longchamp le pliage tote bags longchamp le pliage tote bags Fuel protests to return as motorists struggle with fastest rise in diesel prices for a decade

Rising prices: The price of diesel has increased dramatically over the last five years

Motorists are struggling with the fastest rises in diesel prices for a deca longchamp le pliage tote bags de as the fuel crisis worsens.

With oil soaring in a trading frenzy past to a new high of nearly $130 a barrel today, the stock market fell and Chancellor Alistair Darling pledged international action to beg oil producers to release more supplies.

Diesel is rising even faster than petrol and an increase to an average of 125.4p a litre or 5.70 a gallon is crippling motorists and hauliers, with yet more rises to come, the AA reveals today.

A new round of fuel protests is due to start in London next week as critics demand that the Chancellor slash duty. Motoring groups fear the 6 gallon is weeks away as industry experts predict oil will top $150 a barrel.

Yesterday the worlds biggest oil producer Saudi Arabia was celebrating 75 years of its national oil company but showed no signs of releasing more supplies despite a request from President Bush.

Saudi oil minister Ali alNaimi stated the kingdoms view that the currently produced quantities meet market needs and that the production capacity can meet any additional energy needs.

City experts said longchamp le pliage tote bags the high oil price was being driven by speculators who, having had a role in the mortgage crisis, have now become active in the oil and gas market.

Some 45 per cent of new car sales are diesels. They have grown in popularity because of their traditionally better fuel economy until the mid1990s diesel was cheaper than petrol and now lower CO2 emissions which mean lower road tax.

But the widening gap as diesel becomes ever more expensive means those benefits are being wiped out.

Since early last week, the price of petrol has risen 1.73p a litre while diesel has gone up 2.66p.

The average pump price of petrol has risen 4.49p a litre in the last month, to 112.55p a litre in the middle of this month. Even in the few days longchamp le pliage tote bags since those sums were calculated, it has risen to 113.34p.

Motorists in many areas are paying far in excess of the average price.

Lowpaid but essential car users such as community workers and district nurses are out of pocket because Governmentapproved mileage allowances of 40p a mile for the first 10,000 miles and 25p thereafter are failing to keep pace. If employers do pay more, the employees are taxed.

At the CBI annual dinner last night, Chancellor Alistair Darling spelled out how the West would have to go cap in hand to the Arabdominated oil cartel OPEC.

He said: It is time for international action. I shall be raising this issue at the G8 in Japan next month and shall be proposing that we discuss with oil producers how we reduce these costs. And while we need to act to try to ease constraints to supply, high oil and energy prices reinforce the need for us all to become more energyefficient to keep down costs and support security of supply.

AA president Edmund King said: The finger of blame for soaring oil prices is being pointed at market speculators.

Prices have doubled since last year and this is not just due to strong demand from China and other nations.

While huge profits are made in the financial centres, car owners are becoming desperate and firms are suffering.

The hauliers campaign group Transaction is to repeat last months protest in Park Lane. Spokesman Mike Presniell, of Kent, said: Costs are escalating, firms are going out of business, and thousands of jobs are being lost.

Gordon Brown has to act to cut the duty or give us an essential users rebate.

The Road Haulage Association is to hold a mass lobby of Parliament. It said a typical articulated truck that cost 35,000 a year to fuel a year ago now costs 49,000.

Hauliers are being warned of a 6p increase in the next seven days, which would take the annual bill to 52,000. They say fuel represents over 40 per cent of their costs, which will mean higher prices in the shops.

RHA chief executive Roger King said: The industry cannot possibly absorb the impact of surging oil prices. Only the Government is gaining from these increases.

Jimmy Yates, a dealer at CMC Markets, said the drop was a correction after a twomonth run which had seen the FTSE claw back almost all of this years losses.

Big losers yesterday included Marks Spencer and mining firms, which have a big influence on the FTSE due to their size. Only three FTSE firms ended in the black. longchamp le pliage tote bags