Royal Dutch Shell Plc  .com Rotating Header Image

Cost of fuel may rise soon as gas price hits record

Cost of fuel may rise soon as gas price hits record

The price of wholesale gas reached a new record yesterday, fuelling expectations that power providers will hit UK homeowners with a new round of price increases this month. UK forward gas prices for delivery in January 2009 reached a high of £1.13 a therm, up from 50p a therm a year earlier. The price of gas is closely linked to oil, which remained close to a new record of nearly $144 a barrel yesterday. There has been endless speculation – privately confirmed as a possibility by some of Britain’s big six power suppliers – that they might soon raise domestic prices by up to 30%. 
Terry Macalister

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Cost of fuel may rise soon as gas price hits record”

Leave a Comment

%d bloggers like this: