Petrol prices- when does the madness end?
Discussion
NDA said:
My Range Rover is £180 to fill up. My Tesla £15 (from empty to full). I think the price of 'trickery would have to increase a huge amount for an EV to be seen as expensive to run.
I am taking a V8 to the Med this summer. I expect the petrol costs to be mahoosive. Ho hum.
For a man of your obvious wealth, a couple of grand blown on petrol is hardly significant...I am taking a V8 to the Med this summer. I expect the petrol costs to be mahoosive. Ho hum.
I remember the first time fuel went above £1 a litre and how strange it was to watch the price in pounds go up quicker than the litres. I filled up at the weekend at £1.80 a litre for diesel and watching how much quicker the pounds go up than the litres is just crazy now.
My shed has a 60 litre tank, so from empty it would be £108. I think it is almost inevitable we will see the £2 litre at non motorway petrol stations soon, I wonder how long it will be before big SUVs plummet in value.
My shed has a 60 litre tank, so from empty it would be £108. I think it is almost inevitable we will see the £2 litre at non motorway petrol stations soon, I wonder how long it will be before big SUVs plummet in value.
Joey Deacon said:
I remember the first time fuel went above £1 a litre and how strange it was to watch the price in pounds go up quicker than the litres. I filled up at the weekend at £1.80 a litre for diesel and watching how much quicker the pounds go up than the litres is just crazy now.
I remember when increased fuel duty pushed petrol over £1 per gallon (22p per litre) and we had the "ton up chancellor".Joey Deacon said:
My shed has a 60 litre tank, so from empty it would be £108. I think it is almost inevitable we will see the £2 litre at non motorway petrol stations soon, I wonder how long it will be before big SUVs plummet in value.
The end is nigh...bigothunter said:
NDA said:
My Range Rover is £180 to fill up. My Tesla £15 (from empty to full). I think the price of 'trickery would have to increase a huge amount for an EV to be seen as expensive to run.
I am taking a V8 to the Med this summer. I expect the petrol costs to be mahoosive. Ho hum.
For a man of your obvious wealth, a couple of grand blown on petrol is hardly significant...I am taking a V8 to the Med this summer. I expect the petrol costs to be mahoosive. Ho hum.
NDA said:
Welshbeef said:
With EV pence per mile stepping up with energy costs nothing is easy is it now.
My Range Rover is £180 to fill up. My Tesla £15 (from empty to full). I think the price of 'trickery would have to increase a huge amount for an EV to be seen as expensive to run.I am taking a V8 to the Med this summer. I expect the petrol costs to be mahoosive. Ho hum.
The UK government is planning for power cuts and using coal in power stations, so you might want to keep hold of your RR just in case
delta0 said:
EU ban on Russian oil. That’s gameover now for prices. £2 will look cheap in a few months.
If it's true that the UK is mostly self-sufficient in terms of petrol but imports most of its diesel, can we just nationalise the industry and find new sources on diesel. We would be able to managed Petrol/Diesel prices by discounting Diesel with a leavy on petrol. hungry_hog said:
GBP112 to fill up the C63, range says 210 miles....
Almost kind of glad I didn’t get one ! Even though the want is still there it’s a lot easier to see a range of 350/400 miles on the C350 on a fill up. Think my average is around sitting around 23.5 mpg.
Shorter trips often heavy foot !
Anyway I notice the prices are creeping up daily again.
ashenfie said:
delta0 said:
EU ban on Russian oil. That’s gameover now for prices. £2 will look cheap in a few months.
If it's true that the UK is mostly self-sufficient in terms of petrol but imports most of its diesel, can we just nationalise the industry and find new sources on diesel. We would be able to managed Petrol/Diesel prices by discounting Diesel with a leavy on petrol. Where is the magic money tree to buy / nationalise these companies? Where is the huge capes funding coming from that is promised?
Welshbeef said:
ashenfie said:
delta0 said:
EU ban on Russian oil. That’s gameover now for prices. £2 will look cheap in a few months.
If it's true that the UK is mostly self-sufficient in terms of petrol but imports most of its diesel, can we just nationalise the industry and find new sources on diesel. We would be able to managed Petrol/Diesel prices by discounting Diesel with a leavy on petrol. Where is the magic money tree to buy / nationalise these companies? Where is the huge capes funding coming from that is promised?
https://assets.publishing.service.gov.uk/governmen...
We can adopt the Elon musk model of borrowing money against shares we borrow money to buy on the basis of future earning model and more QE. The issue is that the stock exchange is propped up by fuel companies.
Mr Spoon said:
None of the forecourts are profiteering. None.
It is the major oil companies that control the supplied fuel price to this country. A forecourt making a few extra pence per litre is nothing in comparison to the tens of pence per litre the majors make by holding back supply, making allocation decisions.
It is however the forecourts that take the brunt of the public opinion. Think about it, they have to buy fuel off another business to resell. Forecourts are geographically supplied.
There is another thread about heating oil where I have posted a lot about this.
I'm sorry, but I patently disagreeIt is the major oil companies that control the supplied fuel price to this country. A forecourt making a few extra pence per litre is nothing in comparison to the tens of pence per litre the majors make by holding back supply, making allocation decisions.
It is however the forecourts that take the brunt of the public opinion. Think about it, they have to buy fuel off another business to resell. Forecourts are geographically supplied.
There is another thread about heating oil where I have posted a lot about this.
When the budget was announced and they said about dropping fuel by 5PPL, guess what my local petrol station did (It's a 3 minute walk away?)
IMMEDIATELY (well, I'm assuming so, as I walked down an hour after the announcement to get a paper and some milk) the prices were 5PPL higher than they were just that morning, as I had driven past said fuel station
I can't remember times and numbers exactly, but let's say for arguments sake it was 1,75,9 on the drive home at 10am
When the fuel cut was announced at 12PM, to be in place for 6PM or whatever time, after 12PM but before 6PM I walked to my local station , and the prices were suddenly 5PPL higher than they were
I also know this garage only updates fuel prices typically at midnight, as it's a 24X7 one and often if I find myself unable to sleep I will go to the gym late at night and stop by on the way back to get a protein shake - so I am reasonably friendly with them and one of the staff told me they update the prices every midnight
So yes, there is absolute profiteering going on !!
Limpet said:
£83 to fill the i30N with Momentum the other day. For an estimated range of 315 miles.
Even a 30 ish mpg four pot now costs 26p a mile just to fuel.
Just filled Mrs DS’s SLK - it was a quarter full at the start, it clicked off at £99 (pay at pump) and must have been almost full. So way over £100 if it was empty for a little SLK. Even a 30 ish mpg four pot now costs 26p a mile just to fuel.
It’s a good thing we both wfh - we would be struggling if I had to go to my actual office every day.
Welshbeef said:
ashenfie said:
delta0 said:
EU ban on Russian oil. That’s gameover now for prices. £2 will look cheap in a few months.
If it's true that the UK is mostly self-sufficient in terms of petrol but imports most of its diesel, can we just nationalise the industry and find new sources on diesel. We would be able to managed Petrol/Diesel prices by discounting Diesel with a leavy on petrol. Where is the magic money tree to buy / nationalise these companies? Where is the huge capes funding coming from that is promised?
gov.uk said:
Russian oil imports as a percentage of total demand (DUKES 2020):
Petrol, 0%
Jet fuel, 5%
Heating oil, 0%
Diesel, 18%
Gas oil (such as red diesel), 1%
Fuel oil, 0%
All oil imports, 8%
The issue as ever is not that we produce it (or not) but rather the (world) market prices and those are driven up by events in Ukraine/Russia. Same with everything else as well. for example wheat prices. The UK is self-sufficient and not dependent on Ukraine wheat but because the scarcity has driven prices up the UK prices have also risen. Petrol, 0%
Jet fuel, 5%
Heating oil, 0%
Diesel, 18%
Gas oil (such as red diesel), 1%
Fuel oil, 0%
All oil imports, 8%
ashenfie said:
NDA said:
Welshbeef said:
With EV pence per mile stepping up with energy costs nothing is easy is it now.
My Range Rover is £180 to fill up. My Tesla £15 (from empty to full). I think the price of 'trickery would have to increase a huge amount for an EV to be seen as expensive to run.I am taking a V8 to the Med this summer. I expect the petrol costs to be mahoosive. Ho hum.
The UK government is planning for power cuts and using coal in power stations, so you might want to keep hold of your RR just in case
The times when it does make sense are if you are:
- A company car owner making massive BIK savings.
- On the PCP escalator and need a new car every 2-4 regardless.
- Going to get a new car regardless.
- Do massive regular daily mileages within the range of an EV.
I worked out just a short while ago that it would be 4 years payback on even the cheapest Leaf (~£5k) I could find if I could replace my daily...but a leaf *couldn't* replace the daily for everything (its too small for family + dog) and so I'd still need a second car *or* hire something which would mean the payback would be >12 years and expecting an already 11 year old car to last another 12 is unrealistic (not talking even about battery life etc, just normal stuff, rust etc).
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