News: Dramatic fall in oil price

In early trading Brent crude  dropped to 45$ a barrel.It is predicted that crude oil prices will remain in the 45$ to 60$ range during the next two years mainly due to the slowdown in demand from China.Great news for motorists and transport companies. Savings in fuel  should also be passed onto the likes of us, the consumer.American airlines,for example, will not pass on these savings as their windfall will more than likely go towards paying off outstanding debts and paying out dividends to shareholders. Even at the current level of seat prices there is no shortage of passengers.The only way we may benefit is if airlines put on more flights to the popular destinations and only then we might see cheaper seats. At least with more money in our pockets we can get more enjoyment from our holiday in the sun. Let's hope this continues for the forseeable future.


14 Jan 2015
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Budget Priced Properties Costa Blanca
Budget Priced Properties Costa Blanca
Budget Priced Properties Costa Blanca
Budget Priced Properties Costa Blanca
Budget Priced Properties Costa Blanca

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