Pressure on oil prices to come down looks set to intensify as OPEC is considering increasing production to offset price rises.
This will be greeted as good news by all who wanted lower prices, which is just about everyone. It will also be welcomed by Gordon Brown, who refused to cut duty and insisted on tackling the problem at the supply end.
It also leaves room for protesters and other aggrieved people to complain that we still have some of the highest duty payable on fuel, and that this makes us uncompetitive. In other words, not much has changed.
This has gone from being one of the biggest stories affecting businesses this time last week to a complete non-event in record time.
