Whats going on with fuel prices?!

[Wack61]

Bad planning and a rush to get to the airport meant I had to fuel up at Fleet services on the M3 the other day. £1.56 per lt for diesel! (No, I’ve not bought a modern Ghibli. I was in the Rangie.)

I paid £1.59 for diesel at the motorway BP on the M62 last week , I only put enough in to get me to Costco though

I did have a strange encounter at a BP station on the way to Sheffield though

Went in to pay , Indian guy on the counter , he hands me my receipt then looks at me

Oooh is that you real hair

Er yes

It looks very soft

Righto, time to leave I think

Very odd

 

[conaero]

The writing is on the wall for the combustion engine and they are rinsing the final few quid out of it.

Anyone know the percentage of electric vehicles on the road and the annual projected increase?

 

[Felonious Crud]

The writing is on the wall for the combustion engine and they are rinsing the final few quid out of it.

Anyone know the percentage of electric vehicles on the road and the annual projected increase?

Electric will be taxed soon as well, or road tax will rocket to plug the gap.

They give with one hand, and take away with the other.

 

[MarkMas]

The commodity price and pump price movements seem to track each other pretty well (although with a higher margin in the past 5 years, apparently), and there will be other factors to do with taxes, refinery capacity, stockpile, etc.



https://www.hl.co.uk/shares/trading-commodities/brent-crude-oil
https://www.racfoundation.org/data/uk-pump-prices-over-time

 

[philw696]

Bad planning and a rush to get to the airport meant I had to fuel up at Fleet services on the M3 the other day. £1.56 per lt for diesel! (No, I’ve not bought a modern Ghibli. I was in the Rangie.)

Certainly getting expensive here in France as I paid €1.62 on the motorway thankfully I claim all mine back and Macron didn't put the prices up.

 

[allandwf]

Because, as you will know about 75% of the price of petrol goes to the Government in various duties and taxes, which only leaves 25% ish to be passed on when the price rises or falls. I have seen three Oil price crashes since 1983 each time petrol failed to follow suit. I agree though in general petrol does follow crude prices, but not exactly.

 

[lifes2short]

 

[RoaryRati]

Certainly getting expensive here in France as I paid €1.62 on the motorway thankfully I claim all mine back and Macron didn't put the prices up.

They are rising throughout Europe when I looked a couple of days ago.

 

[philw696]

They are rising throughout Europe when I looked a couple of days ago.

Bought some diesel in Belgium too and same prices there.
Surprisingly cheap in Spain when I was there a few weeks ago along with food too.

 

[lifes2short]

funnily enough I used to look at fuel prices decades ago in my yoof, I don't think I've ever bothered looking at prices for the last 10 years, I also tend to stay away from supermarket fuel especially if for sports/tuned motor, there are different/further additives in branded fuels

 

[Ryandoc]

Oil price baby woohooo

 

[daverichardson]

When I was shift super offshore (yawn) and we experienced an unplanned shutdown (often)
I had 3 jobs to be done immediately.

1. Telephone Yussuf in London trading and tell him we had shutdown and when we expected to be up and running again (best guess). No matter what time of day it was, as he had sold oil and gas that we had not even produced on the futures market.
2. Go back to the control room and find out if anyone was injured
3. Analyse the shutdown to find out what went wrong and if/when we could start up again

This is the way of things

 

[dem maser]

£1.17 in Enfield
I remember complaining when petrol hit £1 a litre few years ago, its the norm now to be paying this....

 

[UlstermanAbroad]

Didn't OPEC meet late last year or early this year and agree either to cap supply where it is, or reduce it? The objective being to push prices up, to provide them with the level of income they need? Must admit, I do minimal miles these days, so I don't pay as much attention as I used to, to commodity prices. Which magazine, the RAC or similar (I think) released a study they did in the last few years, showing that as the price of crude oil rises, pump prices tend to track it closely. But, when the crude oil price falls over a sustained period, the pump price falls at a much slower rate.

Can anyone else remember when pump prices switched from gallons to litres? First time I saw it, I was driving along the North Circular and the petrol station just before the off ramp for the M1 (Shell I think) had switched. I think it was early autumn 1990, during the build up to the first Gulf War.

 

[Mattp]

Yep, its not jut my imagination - the largest fuel hike for a while and we are getting our nipples twisted a little....

Drivers hit by fuel rip-off as oil industry fat cats fail to pass on £8 BILLION of savings - costing motorists an extra £200 a year

and it would be nice if it was just £200 a year!!!

 

[Felonious Crud]

Used to cost me about 6 quid to fill up my Mini. Gallons were bigger than these new litre things we have now, see. Better value.

 

[allandwf]

They also slowed the pump speeds down, as it was getting difficult for those that stop at a fixed amount when refuelling.

 

[conaero]

It’s 1 Euro a litre over here in Lanzarote. Go figure?

 

[Felonious Crud]

It’s 1 Euro a litre over here in Lanzarote. Go figure?

What's the duty free allowance..?

 

[midlifecrisis]

Bring a tanker back