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Politics : Rat's Nest - Chronicles of Collapse

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To: Wharf Rat who wrote (7490)	4/25/2008 10:08:39 PM
From: Wharf Rat	Read Replies (1) of 24225

youtube.com Petrol price to break through £5 a gallon as forecourts sell out amid fuel panic Last updated at 01:52am on 26.04.08 A major fuel crisis will send petrol and diesel prices soaring this weekend. Industrial action has led to the closure of the Grangemouth refinery in Scotland, which produces 10 per cent of the country's fuel. Motorists queue to fill up at Shell petrol station in Gateshead after concerns grew over the fuel supplies following news that a key pipeline is to be temporarily closed Knock-on effects will mean the shutdown of a pipeline that brings a third of Britain's North Sea oil ashore. The crisis is being deepened by clear signs that motorists are panic-buying, despite pleas for calm from Gordon Brown. There have also been allegations of profiteering by garages. Scroll down for more... Dumfries: Long queues form outside a Tesco petrol station Critical: The vast Grangemouth refinery, which priduces 10 per cent of the country's fuel, was closed down last night As a result, the average price of unleaded looks certain to break through the £5 a gallon mark (£1.10 a litre). It is already averaging £1.09 a litre and rises of as much as 10p are being forecast. Experts are also warning that if a large proportion of the UK's 33million motorists panic and fill up their tanks simultaneously, the whole oil company storage system could be drained. In Scotland, some garages were rationing customers yesterday as queues stretched out on to roads. Scroll down for more... Rationing: Garage owners have been forced to limit the amount of fuel each customer can buy Some filling stations had to shut as their supplies ran out in the face of rocketing demand. The 48-hour strike by 1,200 workers at the giant Grangemouth oil refinery - part of a bitter pensions dispute - is not due to begin until tomorrow. But operators Ineos closed the plant last night and warned that it could take up to three weeks for full production to resume. thisislondon.co.uk

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