If the media is to be believed then the oil companies have been "having us over" for long enough. Don't let's get negative about this though as it really is great news.
As this level of the cost of fuel feeds through the economy it should help to ensure that the inflation rate stays at the very low rates of recent times and that means the mortgage rates we pay should stay at their present low levels. Great news.
Finally, a word of congratulations to the supermarkets. They are much maligned in some quarters but in the case of fuel costs they have led the market downward and without them we would not be seeing the low price we see today.
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