Petrol prices- when does the madness end?
Discussion
Macron said:
Saqib Bashir actually tried to store petrol in a wheelie bin but it escaped 
In what magistrates described as an "act of gross stupidity", he stored the petrol in three containers at a house he was renovating in Porter Road in the city. But fuel melted the bottom of a plastic dustbin and leaked into the house last September, causing dozens of homes to be evacuated for fear of an explosion. Derby City Council estimate the cost of the operation and the resulting clean-up could cost more than £130,000.
http://news.bbc.co.uk/1/hi/uk/1220240.stm
Register1 said:
Fastdruid said:
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).
Gets 36 mpg generally to work and back, 50 miles round trip.
Easily within EV range, almost for the whole 5 day working week.
Currently about £56.00 a week in fuel.
We were considering a fully electric MG, or a Hyundai Kona, used is all we could afford.
There must be a break even point, and I think we are there.
Edited by Register1 on Tuesday 31st May 20:57
Register1 said:
There must be a break even point, and I think we are there.
Yup, no coincidence is it with the recent drive to save the planet with EVs. Edited by Register1 on Tuesday 31st May 20:57
Wonder what prohibitively expensive thing will be next on the hit list
Meat no doubt where the only viable option is to go vegan although that'll be horribly expensive too. Obesity problem solved with that too since we will all look like skeletons and rely on a daily supply of vitamins and minerals.
What a time to be alive.
Bathroom_Security said:
Yup, no coincidence is it with the recent drive to save the planet with EVs.
Wonder what prohibitively expensive thing will be next on the hit list
Meat no doubt where the only viable option is to go vegan although that'll be horribly expensive too. Obesity problem solved with that too since we will all look like skeletons and rely on a daily supply of vitamins and minerals.
What a time to be alive.
Road pricing Wonder what prohibitively expensive thing will be next on the hit list
Meat no doubt where the only viable option is to go vegan although that'll be horribly expensive too. Obesity problem solved with that too since we will all look like skeletons and rely on a daily supply of vitamins and minerals.
What a time to be alive.
bigothunter said:
Andy86GT said:
Seams the madness will not end any time soon.
Just had to fill up the PHEV (thankfully not something I do often) and the price at our local Sainsbury's (usually one of cheapest in the area) had jumped 3p overnight to £1.72.9
Try diesel - it's 10p even more expensive Just had to fill up the PHEV (thankfully not something I do often) and the price at our local Sainsbury's (usually one of cheapest in the area) had jumped 3p overnight to £1.72.9
Mr Spoon said:
bigothunter said:
Andy86GT said:
Seams the madness will not end any time soon.
Just had to fill up the PHEV (thankfully not something I do often) and the price at our local Sainsbury's (usually one of cheapest in the area) had jumped 3p overnight to £1.72.9
Try diesel - it's 10p even more expensive Just had to fill up the PHEV (thankfully not something I do often) and the price at our local Sainsbury's (usually one of cheapest in the area) had jumped 3p overnight to £1.72.9
But diesel has become a dirty word and exposed to opportunity for over-pricing in the UK. We appear to be gullible...
Shnozz said:
Are the roads less busy as a result?
On a positive note, I managed my semi-regular commute from Southampton to Leeds in sub 4 hours yesterday morning setting off at 4:15am. Put the quieter traffic down to WFH rather than fuel prices mind.
No but are other businesses more quiet than usual due to less spare to spend? Does the pub have less people etc etc its all a knock of effect. People will fuel up first for work, the spend for everything after will be less. On a positive note, I managed my semi-regular commute from Southampton to Leeds in sub 4 hours yesterday morning setting off at 4:15am. Put the quieter traffic down to WFH rather than fuel prices mind.
There's no benefit to anyone in power for fuel prices to come down.
The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
Mr Spoon said:
There's no benefit to anyone in power for fuel prices to come down.
The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
Then fill the price gap between expensive and 'cheap' fuel with road pricing...The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
CarCrazyDad said:
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 !!
Unleaded cost has jumped 20ppl this week so you'll be seeing big increases at the pumps very quickly with the supermarkets (on their lag deals) following more slowly.
alfaspecial said:
Strangely, and I know this is weird, I really resented paying the premium for E5 over E10 back when unleaded petrol was £1.20/L but now unleaded is £1.70/L the uplift (to Super -E5) doesn't seem quite so painful........
(I have an old car so my reason for using super is primarily to protect the fuel lines etc, rather than performance - I mean who has got the money to drive around at high RPM now!)
Anecdotally, we have just returned from a week in Salcombe, Devon. (Not in my 'classic'). We had rented a cottage and I was chatting to the owner.
I said that I have never seen Salcombe so quiet - the car parks in both North and South Sands beaches were almost empty, even at the weekend (it was a beautiful sunny Sunday).
He told me that he'd noted many of his visitors (including us) just parked up for the week and made no use of our cars.
And that the tourist businesses were really lamenting the lack of 'day trippers' - so I think this lack of discretionary spend will hit seaside resorts etc hard.
For the record, once we had driven to Salcombe -115 miles- we only drove about 60 miles whilst there - and 115 miles back. I don't think I've ever had a weeks UK holiday where I have filled the car before leaving and returned with over a quarter of a tankful!
Like a previous poster - I can't post in NP&E (yet). If I could, I would post a thread to debate whether or not the high petrol prices are just a tool to get us all to buy electric cars - because we'd not worry so much about about 'range anxiety' after this summer of 'wallet anxiety!'
This applies to Frome, Somerset: On the price of petrol front, I think the profiteering is substantially down to Euro Garages. They purchased ASDA who now no longer 'compete' against Sainsbury on petrol prices. I note that Frome was a cheap area for petrol, compared to local towns but less so now.
So I boycott ASDA (food as well as petrol) and boycott Euro Garages. Tossers!
What is this "tool" and who is wielding it?(I have an old car so my reason for using super is primarily to protect the fuel lines etc, rather than performance - I mean who has got the money to drive around at high RPM now!)
Anecdotally, we have just returned from a week in Salcombe, Devon. (Not in my 'classic'). We had rented a cottage and I was chatting to the owner.
I said that I have never seen Salcombe so quiet - the car parks in both North and South Sands beaches were almost empty, even at the weekend (it was a beautiful sunny Sunday).
He told me that he'd noted many of his visitors (including us) just parked up for the week and made no use of our cars.
And that the tourist businesses were really lamenting the lack of 'day trippers' - so I think this lack of discretionary spend will hit seaside resorts etc hard.
For the record, once we had driven to Salcombe -115 miles- we only drove about 60 miles whilst there - and 115 miles back. I don't think I've ever had a weeks UK holiday where I have filled the car before leaving and returned with over a quarter of a tankful!
Like a previous poster - I can't post in NP&E (yet). If I could, I would post a thread to debate whether or not the high petrol prices are just a tool to get us all to buy electric cars - because we'd not worry so much about about 'range anxiety' after this summer of 'wallet anxiety!'
This applies to Frome, Somerset: On the price of petrol front, I think the profiteering is substantially down to Euro Garages. They purchased ASDA who now no longer 'compete' against Sainsbury on petrol prices. I note that Frome was a cheap area for petrol, compared to local towns but less so now.
So I boycott ASDA (food as well as petrol) and boycott Euro Garages. Tossers!
We all love a good conspiracy theory but you do know that refined product is freely traded in an open market - it doesn't all belong to Mr Big who rules the world?
Mr Spoon said:
There's no benefit to anyone in power for fuel prices to come down.
The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
Not sure what your job is exactly but you have very limited knowledge of how fuel is priced (I'm assuming you're not on a wind-up).The tax level is the same, (bar the loss of 5ppl that oil companies kept) keep in mind what I've done as a job for years.
The public are paying the prices and living normally. There's moaning but people are still buying fuel in volumes consistent with years of cheaper pricing.
Lowering prices to force more consumption (in theory) does nothing for the saving the planet brigade.
In reality consumption won't change all that much.
If they level off fuel prices at around £1.50-£1.60/ litre it will convince everyone that those prices are cheap.
Then the next level will be £1.70-£1.80 after seeing £2.10 + at the pumps.
Etc etc.
Your raise the price above the next level you want to be at. Let everyone sweat.
Then take it back to the level you want to convince people is cheap.
Then do the same again.
It doesn't just happen in fuel.
mattyprice4004 said:
delta0 said:
EU ban on Russian oil. That’s gameover now for prices. £2 will look cheap in a few months.
The doom-mongers were saying this a few months ago... 
So I can’t actually see why it would make oil cost such a huge amount more. The same amount is still in the system.
So the government were/are desperate to get everyone back to the office. Unfortunately, given the high price of fuel currently I'm WFH more than ever, so it's back fired slightly!
My partner is taking my Golf GTE to work which she can charge at the hospital FOC so I'm relatively protected by the rise in costs.
My partner is taking my Golf GTE to work which she can charge at the hospital FOC so I'm relatively protected by the rise in costs.
Fastdruid said:
Even with prices being what they are an EV is still not economically viable when you're talking about spending thousands to save a few hundred. It's the old classic of spending ~£10k on a newer car to save £100 VED/year and 5mpg.
The times when it does make sense are if you are:
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).
You are forgetting that the demand for EVs will increase considerably and there is a shortage. That means the 2nd hand values are going to be very strong. 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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