Petrol Price Hike
Discussion
That will NEVER happen!After Katrina US platts ( open market product prices ) are up 35% in 2 days. This is driving US prices at the forecourt upto $3.50 owe and forcing some rationing.
For Europe the impact will be that the US will be competing for product with us across the pond which may push European platts prices up around 10%.
It's not pretty at all. And there's alot of damage to the infrastructure in the gulf that will probably take around a month to fix.
So there we are, happy days.
For Europe the impact will be that the US will be competing for product with us across the pond which may push European platts prices up around 10%.
It's not pretty at all. And there's alot of damage to the infrastructure in the gulf that will probably take around a month to fix.
So there we are, happy days.
Paid 95.9 for derv at my local sainsburys on Tuesday which was the first time I really thought ouch. It seems a week ot 2 ago when they were about 91.9.
AA website - Uk average prices of fuel this time last year:
Derv - 82.8
petrol - 81.7
>> Edited by planman350i on Thursday 1st September 19:40
AA website - Uk average prices of fuel this time last year:
Derv - 82.8
petrol - 81.7
>> Edited by planman350i on Thursday 1st September 19:40
K50 DEL said:
Time for the government to reduce the levels of tax methinks.
I agree - not that anything will be done to try and help cap the ever increasing cost of petrol here.
I can understand that if supplies have been hit its going to have a knock on effect, but its the fact that this will be 'used' as an opportunity to maintain these inflated prices! The british government need to get a serious grip and stop punishing the public for their poor financial management / general decision making.
kneedowndeano said:not just that, but I can imagine that trying to sell a cheaper performance car will become increasingly more difficult due to increased running costs.
i'm sad to say it, but i am glad that we sold the Chim when we did. I don't think that i would be able to run it now as it was drinking £80 a week in Optimax and that's when the price of petrol was around the 90ppl mark. i'd be bankrupt by now if i had kept it.
I can confirm that in some limited areas in my old home state of Georgia, panic buying has bid the price up to almost $7/gallon. I know that's normal in Britain but last week it was about $2.60.
Part of it is EPA has bolloxed things up by prescribing "botique" blends for various areas that have smog (not necessarily smog that can be convincingly attributed to car exhuast, mind you) With closed loop fuel injection these "oxygenated" fuels cause the system to richen up in EXACTLY the same proportion as the added oxygen, so they have no effect on 99% of the cars out there, only a few old clunkers that happen to be running rich (likely from a dirty air filter) benefit at all.
Me, I topped off and filled up a couple of jerry cans at $2.69 (after store discount) to the tune of some $43. Today the price for 87 is still about $2.85.
Here a damn good bit of the problem is numpties in big, shiny SUVs, driving all alone and hauling nothing heavier than a latte. That and poor maintenance (it was a Yank who first said, "if it ain't broke don't try to fix it"
(thus so many broken cam belts and attendent under-hood mayhem) bloody idiots with underinflated tires, spark plugs old enough to vote, etc...
Oddly enough here Diesel is about $3.20, while Premium is "only" $3.09. Almost 20 years ago when I lived in Iowa, I had a Diesel Audi 4000 that while of course insufferably gutless at the time at almost 50 MPG and Diesel say $1.09 while gas was $1.29 there was some point in having a Diesel.
Whatever. God Bless Adam Smith, the free market will see to it that those of us who really want gas will have it available, if not at a price we would prefer, in any case the "invisible hand" will balance supply and demand. I do recall the bad old Carter days where Soviet style price controls were tried...depress the price, the supply goes down, bada-bing.
And, yes, I realize you guys are paying almost $7/gallon anyway. So I'm not complaining.
Part of it is EPA has bolloxed things up by prescribing "botique" blends for various areas that have smog (not necessarily smog that can be convincingly attributed to car exhuast, mind you) With closed loop fuel injection these "oxygenated" fuels cause the system to richen up in EXACTLY the same proportion as the added oxygen, so they have no effect on 99% of the cars out there, only a few old clunkers that happen to be running rich (likely from a dirty air filter) benefit at all.
Me, I topped off and filled up a couple of jerry cans at $2.69 (after store discount) to the tune of some $43. Today the price for 87 is still about $2.85.
Here a damn good bit of the problem is numpties in big, shiny SUVs, driving all alone and hauling nothing heavier than a latte. That and poor maintenance (it was a Yank who first said, "if it ain't broke don't try to fix it"
(thus so many broken cam belts and attendent under-hood mayhem) bloody idiots with underinflated tires, spark plugs old enough to vote, etc... Oddly enough here Diesel is about $3.20, while Premium is "only" $3.09. Almost 20 years ago when I lived in Iowa, I had a Diesel Audi 4000 that while of course insufferably gutless at the time at almost 50 MPG and Diesel say $1.09 while gas was $1.29 there was some point in having a Diesel.
Whatever. God Bless Adam Smith, the free market will see to it that those of us who really want gas will have it available, if not at a price we would prefer, in any case the "invisible hand" will balance supply and demand. I do recall the bad old Carter days where Soviet style price controls were tried...depress the price, the supply goes down, bada-bing.
And, yes, I realize you guys are paying almost $7/gallon anyway. So I'm not complaining.
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