There was a similar effect after the '70s oil shocks, but in recent decades we've gone back to gas guzzlers,

The market is reacting to the rise in oil prices and the conflicting economic news.

The combination of a slide in equities and further run up of oil is certainly producing a supportive backdrop for our market. It's absolutely a flight to quality pushing the market.

Having a full year of Contact there definitely helps, and oil prices have been stronger this year, though they've been hedged, which takes away some of the effect. Generation should also be better.

The real wild card in pump price is crude oil.

Oil prices could be a worry. We're not at the stage of a serious rise (in oil prices), so the impact is not so great yet, but the worry of more terrorist attacks is there.