Petrol Price's going loopy again
20 May 2009, 12:38 AM
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Petrol Price's going loopy again
What on earth is going on with the fuel prices their sky rocketing again. There was a 3p a litre jump in price in orkney today taking us up to £1.09 for crap 95 ron and were £1.11 for diesel what are you guys paying
20 May 2009, 09:02 AM
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20 May 2009, 09:46 AM
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Which one? It was still 99.9 at Asda in Falmouth last week. In Truro, the re-vamped Sainsbury's garage seemed to be cheap but maybe that was just to attract punters after it opened again ....
Dave
Last edited by hutton_d; 20 May 2009 at 09:47 AM.
20 May 2009, 11:03 AM
#13
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the natural price for petrol/derv is around the 1.30p a litre
its only this low coz of the world economic meltdown -- hence reduced demand
as soon as things pick up globally, then petrol will be 1.30 - 1.50 a litre anyone who thinks any different really has their head in the sand
sorry -- but thats just the way it is
unless, thats is someone can give me a really good reason why anyone would sell a finite resource cheaper than the market will stand
its only this low coz of the world economic meltdown -- hence reduced demand
as soon as things pick up globally, then petrol will be 1.30 - 1.50 a litre anyone who thinks any different really has their head in the sand
sorry -- but thats just the way it is
unless, thats is someone can give me a really good reason why anyone would sell a finite resource cheaper than the market will stand
Last edited by hodgy0_2; 20 May 2009 at 11:04 AM.
20 May 2009, 11:14 AM
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Aberdeen Shell
Diesel 99.9p
Petrol 96.9p
Its not diesel that has taken a hammering, its petrol. A couple of months back the difference was 13p.
A couple of more rises coming soon this year aswell. Fuel duty up again in Sept along with the increase when VAT returns to 17.5% at the tail end of the year.
Diesel 99.9p
Petrol 96.9p
Its not diesel that has taken a hammering, its petrol. A couple of months back the difference was 13p.
A couple of more rises coming soon this year aswell. Fuel duty up again in Sept along with the increase when VAT returns to 17.5% at the tail end of the year.
20 May 2009, 12:04 PM
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Happens every year and driven by OPEC. Come Spring/early summer prices start to rise and hit their peak by September. Once we get into October the price stops going up and then gradually falls for the Winter period as OPEC increases production again.
20 May 2009, 12:16 PM
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the natural price for petrol/derv is around the 1.30p a litre
its only this low coz of the world economic meltdown -- hence reduced demand
as soon as things pick up globally, then petrol will be 1.30 - 1.50 a litre anyone who thinks any different really has their head in the sand
sorry -- but thats just the way it is
unless, thats is someone can give me a really good reason why anyone would sell a finite resource cheaper than the market will stand
its only this low coz of the world economic meltdown -- hence reduced demand
as soon as things pick up globally, then petrol will be 1.30 - 1.50 a litre anyone who thinks any different really has their head in the sand
sorry -- but thats just the way it is
unless, thats is someone can give me a really good reason why anyone would sell a finite resource cheaper than the market will stand
Because people will NOT pay 1.50, there will be a revolt!
20 May 2009, 12:19 PM
#19
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few years ago they revolted when it hit 90p a litre -- but not a peep last year when it hit 1.25p
its just the market
I doubt the UK government will subsidise petrol, as the increase will be on the base cost not the Tax levied
its just the market
I doubt the UK government will subsidise petrol, as the increase will be on the base cost not the Tax levied
Last edited by hodgy0_2; 20 May 2009 at 12:25 PM.
20 May 2009, 12:24 PM
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I agree, but 1.50 is a massive rip off and IMO would spark fuel protests!
Block major connecting roads so the tankers cant leave the station, or rolling block the m25, and the price will fall soon enough!
Labour should be wary of pi55ing us off anymore as well!
Block major connecting roads so the tankers cant leave the station, or rolling block the m25, and the price will fall soon enough!
Labour should be wary of pi55ing us off anymore as well!
20 May 2009, 12:27 PM
#21
I have already revolted, I bought a push bike, filled my car up on the 5th of May, it still has 3/4 of a tank, to be honest, I should sell it, have done five miles in the last week.
I appreciate its not for everyone, but there are valid reasons and there are excuses.
If you are able bodied, live a decent distance from work and have facilities to get changed and store a bike then use one.
Drive a small car that does more to the gallon, they arent that bad , honest, mine however only does 22/23 mpg round town so its an expensive option but not worth changing for a more eco minded one at the moment. The bike brings other benefits, fitness, you can always park and you get to wear some really strange stuff, we have got so hung up on the car and panic anytime anything threatens it when really we should try other options (if able) and you may find they arent so bad.
Public transport is horrendous though and I really sympathise with people who have to use it on a regular basis, but not as much as I sympathise with those who do long busy commutes sat in traffic.
I got drenched last night on the way home, you know what, it was great.
I appreciate its not for everyone, but there are valid reasons and there are excuses.
If you are able bodied, live a decent distance from work and have facilities to get changed and store a bike then use one.
Drive a small car that does more to the gallon, they arent that bad , honest, mine however only does 22/23 mpg round town so its an expensive option but not worth changing for a more eco minded one at the moment. The bike brings other benefits, fitness, you can always park and you get to wear some really strange stuff, we have got so hung up on the car and panic anytime anything threatens it when really we should try other options (if able) and you may find they arent so bad.
Public transport is horrendous though and I really sympathise with people who have to use it on a regular basis, but not as much as I sympathise with those who do long busy commutes sat in traffic.
I got drenched last night on the way home, you know what, it was great.
20 May 2009, 12:37 PM
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I have started to walk a lot more now its not as cold, not cos im revolting against petrol prices (although walking does help my budget a little), its cos im getting slightly unfit since i went down from football 3 times a week to once!
PLus if its sunny you can look at the scantily clad girls for longer!
PLus if its sunny you can look at the scantily clad girls for longer!
20 May 2009, 12:46 PM
#23
I live about 12/13 miles from work and if I use the car the journey it will usually take me anywhere betwen 20 and 60 minutes in the morning depending on what time I leave home.
I've used public transport a few times recently.
15/20 minute walk to the train station - £4.40 one way.
Get on train, watch all the poor bollox's stuck in traffic as you fly past whilst sipping your coffee - 15/20 minutes for the journey - regardless what time it is!
Get off train, walk 10/15 minutes to work.
Fine when its a nice day......................if its lashing, then we'll I'm afraid its the car!
Last time I took the train - it was during quite strong head winds
I've used public transport a few times recently.
15/20 minute walk to the train station - £4.40 one way.
Get on train, watch all the poor bollox's stuck in traffic as you fly past whilst sipping your coffee - 15/20 minutes for the journey - regardless what time it is!
Get off train, walk 10/15 minutes to work.
Fine when its a nice day......................if its lashing, then we'll I'm afraid its the car!
Last time I took the train - it was during quite strong head winds
Last edited by urban; 20 May 2009 at 12:49 PM.
20 May 2009, 02:00 PM
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20 May 2009, 02:31 PM
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Anyone know what diesel is going for in France or Belgium?
Last time I went I found it at €1.05 in Belgian garages, but French supermarkets had it as low as €0.98
Last time I went I found it at €1.05 in Belgian garages, but French supermarkets had it as low as €0.98
20 May 2009, 02:52 PM
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That was at Carland Cross - the Shell garage. Often a cheap one.
20 May 2009, 03:23 PM
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20 May 2009, 08:26 PM
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Crude oil went over $60 a barrel today, the highest for 6 months, mainly because investors are buying up options on the assumption that the price will go up. There is not a supply shortage, indeed, it is envisaged that there will actually be a storage problem fairly soon because demand is so low. The price is being pushed up purely by a speculative bubble; I.e. exactly what pushed the price up to $150 a barrel last year.
20 May 2009, 08:38 PM
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Crude oil went over $60 a barrel today, the highest for 6 months, mainly because investors are buying up options on the assumption that the price will go up. There is not a supply shortage, indeed, it is envisaged that there will actually be a storage problem fairly soon because demand is so low. The price is being pushed up purely by a speculative bubble; I.e. exactly what pushed the price up to $150 a barrel last year.
As investors are still somewhat shaky about stocks and shares, and currencies, they're looking to make money on something we can't do without.
Oil.