Petrol prices- when does the madness end?
Discussion
DonkeyApple said:
Or maybe the properties of the word 'protection' ring a squeeze will inhibit the customers for premium from downgrading to non premium and therefor already inferior fuel.
Anyway, BP have just posted massive quarterly profits from their production business so I suspect people will be more focussed today on why they can't take that money and pay off their debts with it because it's unfair or some such.
What's really funny is that at my local terminal there's only 4 additive tanks. MOGAS,SUPER,DIESEL and RED. which is weird as Asda and Morrisons uplift from there as well as BP. And the supermarkets sure aren't getting raw petrol/diesel.Anyway, BP have just posted massive quarterly profits from their production business so I suspect people will be more focussed today on why they can't take that money and pay off their debts with it because it's unfair or some such.
[Think they're decommissioning the red tank and are going to fill it with diesel additive]
SidewaysSi said:
Esso 169.9 for E10 which doesn't seem terrible.
169.9p per litre is terrible, just not as terrible as before 
Traffic volumes have not reduced much even at elevated fuel prices. Wonder how far price could be pushed before traffic reduces significantly? £3 per litre perhaps?
Plenty of scope for more taxation on road fuel - the market is tolerant...
Mr Tidy said:
Why did you say that? 
Keep it to yourself please!
Common knowledge I'm afraid, especially in government circles. Keep it to yourself please!
Much more tax revenue can be extracted from the motorists before private transport breaks down. All kinds of opportunity - increased VED, greater fuel tax, road pricing. Options are almost unlimited
Mr Spoon said:
Like I've said many times, when the price of fuel settled around 1.50 everyone will be full of joy.
Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
And motorists will smile and be happy Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
bigothunter said:
SidewaysSi said:
Esso 169.9 for E10 which doesn't seem terrible.
169.9p per litre is terrible, just not as terrible as before Traffic volumes have not reduced much even at elevated fuel prices. Wonder how far price could be pushed before traffic reduces significantly? £3 per litre perhaps?
Plenty of scope for more taxation on road fuel - the market is tolerant...
The true risk is that the last 6 months have created a completely new ONS dataset which will be used in transport and taxation policy calculations and decisions going forward by governments.
The last 6 months has shown that you could technically double fuel duty and very little would change. Raising fuel duty would be politically toxic which is why no one has risked it for years but there are plenty of other factors that this data will possibly work against us on such as the drive to EV, road pricing etc.
It's not the corporates that we should fear but what any future government will do on the back of the data.
Mr Spoon said:
Like I've said many times, when the price of fuel settled around 1.50 everyone will be full of joy.
Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Explain how. Please give, clear, well thought out reasoning as to how this will work and who will be doing it. Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Please also bear in mind that within the next 40 years the cheapest oil to extract on the planet will have been exhausted and so there won't be the $10 supply to keep the average market price anywhere near $100. But in the U.K. we will actually be one of the few countries to be OK as we will have accidentally transitioned mostly to EVs by then on the back of some silly eco drive.
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