Europe’s drivers are in for a winter treat as plummeting oil prices and a surplus of distillates are set to pressure diesel pump prices that are already at six year lows. Oil firms and commodity-reliant nations are smarting from tumbling oil futures, which hit fresh seven year lows near $39 per barrel on Friday following the failure of oil cartel OPEC to impose a production ceiling at its meeting last week. Their pain is to the benefit of Europe’s drivers, who have had to wait longer for price declines than their American counterparts due to higher fuel taxes and a strong U.S. dollar. Already, British supermarket chains Asda and Morrisons have cut the price of petrol to below the 1 pound ($1.52) per liter […]