Euro doing well - when will petrol fall?

[zcacogp]

As the title says: if sterling is doing well (which it is - currently at about a one-month high against the $) and the current high price of petrol is blamed on the weak pound, then when will fuel get cheaper?

I recognise that this is a bit of a non-thread, as we are all simply shafted both ways at the pumps; fuel goes up when oil goes up and stays up when oil comes down, so why expect the exchange rate to make things any different, eh? I just wondered whether any of the more learned types on here had any greater insight.


Oli.

P.S. Just got back from France, where super is about eur1:35.9, making it about £1.18p when you take the exchange rate into account. No longer do we have more expensive fuel than France.

[shakotan]

zcacogp said:

P.S. Just got back from France, where super is about eur1:35.9, making it about £1.18p when you take the exchange rate into account. No longer do we have more expensive fuel than France.

You appear to have that completely backwards...

[The Hypno-Toad]

It's never going to fall. Because no one has protested about it, they think they can get away with it.

Expect £1.50 a litre by the end of the year. Especially if Liarbour get back in.

[Ribol]

The Hypno-Toad said:

It's never going to fall. Because no one has protested about it, they know they can get away with it.

Expect £1.50 a litre by the end of the year. Especially if Liarbour get back in.

EFA

[zcacogp]

shakotan said:

zcacogp said:

P.S. Just got back from France, where super is about eur1:35.9, making it about £1.18p when you take the exchange rate into account. No longer do we have more expensive fuel than France.

You appear to have that completely backwards...

eur1:35.9 / litre in France

Exchange rate at the mo = 1.148 euros per £

1:35.9 / 1.148 = £1:18.38p / litre

Agree with other sentiments posted tho'. Esp. about it getting more expensive. However, if (if!) the Tories get in and the currency strengthens then it may come down in cost. (At least, I hope so.)


Oli.

ETA: Shakotan - apologies, my mistake. I've just re-read your post, and mine ... I'll leave it all here as evidence of my utter numptyness!

Edited by zcacogp on Sunday 25th April 16:21

[jagracer]

zcacogp said:

shakotan said:

zcacogp said:

P.S. Just got back from France, where super is about eur1:35.9, making it about £1.18p when you take the exchange rate into account. No longer do we have more expensive fuel than France.

You appear to have that completely backwards...

eur1:35.9 / litre in France

Exchange rate at the mo = 1.148 euros per £

1:35.9 / 1.148 = £1:18.38p / litre

Agree with other sentiments posted tho'. Esp. about it getting more expensive. However, if (if!) the Tories get in and the currency strengthens then it may come down in cost. (At least, I hope so.)


Oli.

Where do you think you'll get an exchange rate of 1.148 unless you are a city dealer?

[zcacogp]

jagracer said:

Where do you think you'll get an exchange rate of 1.148 unless you are a city dealer?

Fair Q. I was just going from the current posted rate. I expect that things may not look quite that rosy when I get my bank statement ...


Oli.

[jagracer]

zcacogp said:

jagracer said:

Where do you think you'll get an exchange rate of 1.148 unless you are a city dealer?

Fair Q. I was just going from the current posted rate. I expect that things may not look quite that rosy when I get my bank statement ...


Oli.

Just checked and it's 1.117 from the PO and 1.08 from my bank (HSBC) although that's tourist rates. I normally get better rates when using my credit/debit card so I would think it'll be somewhere between yours and mine.

[Jasandjules]

Petrol will fall when the stealing scum reduce tax.

[Yeast Lord]

http://blogs.notw.co.uk/politics/2010/04/petrol-hi...

Wanna a low mpg car, TALK TO ME.

[Diderot]

Jasandjules said:

Petrol will fall when the stealing scum reduce tax.

[Funk]

It annoys me when articles say things like, "..The RAC Foundation is calling for the Government to help.." They're not helping, they're the ones causing the horrendous problem in the first place! They're raping us for taxes on something we all have to use, and can't get away from needing.

[Yeast Lord]

anonymous said:

[redacted]

Why don't they realise that devaluing the currency by not making cuts is going to hurt every business and private sector working person in this country.

[Teppic]

Diderot said:

Jasandjules said:

Petrol will fall when the stealing scum reduce tax.

So that will be never, then?

[Puggit]

GBP doing well this morning - good news as we need to bolster it up before it crashes on May 7th!

[Bing o]

Puggit said:

GBP doing well this morning - good news as we need to bolster it up before it crashes on May 7th!

Great, but what's cable doing?

[Silver993tt]

This gives the real performance of the £ - still 23% down from where it was. £ needs to gain at least another €0.25 to get anywhere near looking good.

[JMGS4]

zcacogp said:

P.S. Just got back from France, where super is about eur1:35.9, making it about £1.18p when you take the exchange rate into account. No longer do we have more expensive fuel than France.

In Germany 1.449 for a litre of 95 octane at the moment

[Silver993tt]

Country (Price in €)

Petrol Diesel
Austria 1.15 1.05
Belgium 1.46 1.16
Czech Republic 1.23 1.16
Denmark 1.49 1.28
Estonia 1.10 1.09
Finland 1.42 1.11
France 1.42 1.15
GB 1.32 1.32
Germany 1.42 1.20
Greece 1.39 1.18
Hungary 1.23 1.14
Ireland 1.28 1.18
Italy 1.36 1.20
Latvia 1.06 1.02
Lithuania 1.18 1.00
Luxembourg 1.16 0.97
Netherlands 1.57 1.19
Northern Ireland 1.32 1.31
Norway 1.54 1.42
Poland 1.15 1.05
Portugal 1.34 1.07
Slovakia 1.20 1.01
Slovenia 1.17 1.10
Spain 1.16 1.04
Sweden 1.35 1.25
Switzerland 1.17 1.20

Clearly why the majority of cars in Europe (excluding the UK) are diesel, it's significantly cheaper than petrol in nearly every other country.

Edited by Silver993tt on Monday 26th April 10:03