Fuel creeping up again - why?
25 October 2009, 05:21 PM
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Fuel creeping up again - why?
Noticed T99 is £112.9, Optimax is £113.9 & VPower £114.9. Normal unleaded is £108.9. Any reason for it to be going up?
TX.
PS
£114.9 a litre is £5.21 a gallon
TX.
PS
£114.9 a litre is £5.21 a gallon
25 October 2009, 05:44 PM
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Regional differences seem to be increasing too. 95RON can be bought for 105.9 in Sheffield (Tesco in Chesterfield have the audacity to charge 107.9 though), whereas it only costs 101.9 in Derby. We're being had: again.
25 October 2009, 05:49 PM
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We are told that the oil price is increasing hence the price at the pump is too.
Funny how it never goes down as much as it goes up.
Greedy oil companies + spineless government = high petrol prices forever
The rot set in the day it broke the £1 a litre mark. It will never drop below a pound again I reckon as the public have once again dropped their collective pants and taken it up the jacksie.
Funny how it never goes down as much as it goes up.
Greedy oil companies + spineless government = high petrol prices forever
The rot set in the day it broke the £1 a litre mark. It will never drop below a pound again I reckon as the public have once again dropped their collective pants and taken it up the jacksie.
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25 October 2009, 06:34 PM
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controversial view but petrol’s cheap imo (and compared to what I was paying in the early 90’s it defiantly is)
a big reason for it being lower than it was, is that the world economy fell off a cliff and demand suffered
soon as a global recovery kicks in I would think it will easily hit 1.25ltr.
why would anyone sell a finite commodity like oil at any less than the maximum price they can get for it?
every barrel sold at $50.00 by the major oil producers can never be sold at a higher price.
a big reason for it being lower than it was, is that the world economy fell off a cliff and demand suffered
soon as a global recovery kicks in I would think it will easily hit 1.25ltr.
why would anyone sell a finite commodity like oil at any less than the maximum price they can get for it?
every barrel sold at $50.00 by the major oil producers can never be sold at a higher price.
25 October 2009, 06:51 PM
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controversial view but petrol’s cheap imo (and compared to what I was paying in the early 90’s it defiantly is)
a big reason for it being lower than it was, is that the world economy fell off a cliff and demand suffered
soon as a global recovery kicks in I would think it will easily hit 1.25ltr.
why would anyone sell a finite commodity like oil at any less than the maximum price they can get for it?
every barrel sold at $50.00 by the major oil producers can never be sold at a higher price.
a big reason for it being lower than it was, is that the world economy fell off a cliff and demand suffered
soon as a global recovery kicks in I would think it will easily hit 1.25ltr.
why would anyone sell a finite commodity like oil at any less than the maximum price they can get for it?
every barrel sold at $50.00 by the major oil producers can never be sold at a higher price.
25 October 2009, 06:59 PM
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This is puzzling me too. I filled up last week and it cost me 1.17.9 ( where the hell does the .9 come from) for Ultimate.
Funny thing is, I got a call from my oil supplier for home heating, asking if I wanted a fill up as it is the cheapest it has been for a while
Funny thing is, I got a call from my oil supplier for home heating, asking if I wanted a fill up as it is the cheapest it has been for a while
25 October 2009, 07:42 PM
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my point is the oil producers are not interested in an economic recovery per se
they want to maximise the return on their Oil reserves
its finite -- and when its gone its gone -- whatever the state of the world economy
i not sure that the Oils Sheiks (and Chavez) are that worried about how much it costs me or you to get to work -- thats basically the rub of it
25 October 2009, 08:34 PM
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It is finite, but as the price goes up it becomes economically viable to extract it from areas where the extraction costs end-up higher, and still make a profit.
When I was at school it was predicted that we would run out of oil by 2020, then the arabs trebled the price overnight....
dunx
P.S. I paid 104.9 for SUL at Sainsburys.
When I was at school it was predicted that we would run out of oil by 2020, then the arabs trebled the price overnight....
dunx
P.S. I paid 104.9 for SUL at Sainsburys.
25 October 2009, 08:42 PM
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25 October 2009, 09:39 PM
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Also why is it that at one petrol station for example Bp the price is 5p a litre more expensive than a Bp garage 30 miles down the road
And when you ask in the petrol station why its not gone down they say its because they bought that batch at the previous high price, yet as soon as it goes back up so does the price
Its not all goverment as far as i can see.
And when you ask in the petrol station why its not gone down they say its because they bought that batch at the previous high price, yet as soon as it goes back up so does the price Its not all goverment as far as i can see.
25 October 2009, 09:42 PM
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tbh i think we all are to blame really, what happened to all the protests etc. a couple of years back, there was no fuel to be had in a lot of places and the big companies lost out big time. the knock on effect for the deliveries to big superstores etc. really started to make things serious and then, and only then did the government actually sit up and take notice of what was being demanded from the average motorist and big transport companys. bring on the revoloution i say, do you think the likes of the FRENCH would allow themselves to be shafted like this? i thought not ! pisses me off tbh that we are experts at putting up with these things but pretty crap at making a stand. right rant over, off now to drive the missus punto lol.
25 October 2009, 09:49 PM
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tbh i think we all are to blame really, what happened to all the protests etc. a couple of years back, there was no fuel to be had in a lot of places and the big companies lost out big time. the knock on effect for the deliveries to big superstores etc. really started to make things serious and then, and only then did the government actually sit up and take notice of what was being demanded from the average motorist and big transport companys. bring on the revoloution i say, do you think the likes of the FRENCH would allow themselves to be shafted like this? i thought not ! pisses me off tbh that we are experts at putting up with these things but pretty crap at making a stand. right rant over, off now to drive the missus punto lol.
25 October 2009, 10:31 PM
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No as a poster above said it went up twice last week and that is nothing directly to do with the government. However, if we had a government with more spine maybe they could bring pressure to bear on the oil companies who will charge whatever the market will stand and in the case of the British that is nealry as much as they want as we just take it.
26 October 2009, 12:14 AM
#27
No as a poster above said it went up twice last week and that is nothing directly to do with the government. However, if we had a government with more spine maybe they could bring pressure to bear on the oil companies who will charge whatever the market will stand and in the case of the British that is nealry as much as they want as we just take it.
They might indeed well argue, that at least they have done something for their cut of the pie.
06 November 2009, 08:54 AM
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Two weeks later, filled up yesterday £1.18.9 Ultimate.
Same garage. Another 1p increase. Doesn't seem much, I know. But if it goes up every fortnight
Same garage. Another 1p increase. Doesn't seem much, I know. But if it goes up every fortnight