Petrol prices- when does the madness end?

Petrol prices- when does the madness end?

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Discussion

MB140

4,091 posts

104 months

Monday 18th December 2023
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snuffy said:
BBC Website:

Petrol prices fall to lowest level in two years

https://www.bbc.co.uk/news/business-67729428

Which is 1p/litre more than it was in April 2012:

https://www.ons.gov.uk/economy/inflationandpricein...
Haven’t OPEC+ just decided to slash production, prices will soon be on the rise.

Whilst I have no interest in EVs, I can see the plus points of not being beholden to those bunch of sisters when we eventually sort out our power generation (be that nuclear / renewables).

I suppose then it will be Chinese and the lithium instead.

ingenieur

4,097 posts

182 months

Monday 18th December 2023
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When prices dropped to a similar low back in the summer I was wondering if we had answered the question in the title of this thread?

vikingaero

10,430 posts

170 months

Monday 18th December 2023
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Asda Chatham is 133.7 for unleaded and 143.7 for diesel today. Not worth going to Costco at these prices.

Flumpo

3,787 posts

74 months

Monday 18th December 2023
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BP has just halted all oil shipping through the Red Sea due to unrest in the Middle East. BP share price was up 2% as a result, I’m guessing that means higher prices and higher profits.

Good while it lasted for a week anyway.

Patrick Bateman

12,199 posts

175 months

Monday 18th December 2023
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Was down Dundee way today and took advantage of super unleaded at 1.45 a litre, what a treat.

ashleyman

6,992 posts

100 months

Monday 18th December 2023
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According to the PetrolPrices app super at my local Tesco is 88.8p. 95 is 136.9.

Dog Star

16,154 posts

169 months

Tuesday 19th December 2023
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Not really helpful and only vaguely on topic - I’ve basically been WFH for four years after doing an 80 mile (return) commute four about 30 years. I used to have to fill up every three to five days.

We both wfh and have three cars and are filling them up once every few months - which is bloody excellent.

The prices people are quoting now in the last few posts look to me the same as they were several years ago.

nickfrog

21,258 posts

218 months

Tuesday 19th December 2023
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^^^ no in fact, petrol prices have gone down compared to say 2012. £1.40 then is close to £1.90 now, inflation adjusted.

ingenieur

4,097 posts

182 months

Tuesday 19th December 2023
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Dog Star said:
Not really helpful and only vaguely on topic - I’ve basically been WFH for four years after doing an 80 mile (return) commute four about 30 years. I used to have to fill up every three to five days.

We both wfh and have three cars and are filling them up once every few months - which is bloody excellent.

The prices people are quoting now in the last few posts look to me the same as they were several years ago.
Inflation makes a massive difference. It would be around 33% over the last 4 years due to the vid and the tons of extra money created during that period. £1.30 four years ago is relatively speaking a lot more than £1.30 in todays money, even over that short period due to the extreme circumstances.

ingenieur

4,097 posts

182 months

Tuesday 19th December 2023
quotequote all
nickfrog said:
^^^ no in fact, petrol prices have gone down compared to say 2012. £1.40 then is close to £1.90 now, inflation adjusted.
SNAP!

snuffy

9,833 posts

285 months

Tuesday 19th December 2023
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nickfrog said:
^^^ no in fact, petrol prices have gone down compared to say 2012. £1.40 then is close to £1.90 now, inflation adjusted.
Indeed, which I what I posted a few days ago.

But, people will not have it. They just will not accept it because they have become so used to some things never increasing in price, that when they finally do, it's an absolute outrage, and the media whips them up into a frenzy about it. Look when McDs put the price of cheeseburger up by 10p - the BBC wked itself to death over that. Said cheeseburger had been the same price for 7 years (or something like that), so it had been decreasing every year in real terms - but that was never reported.


ingenieur

4,097 posts

182 months

Tuesday 19th December 2023
quotequote all
snuffy said:
nickfrog said:
^^^ no in fact, petrol prices have gone down compared to say 2012. £1.40 then is close to £1.90 now, inflation adjusted.
Indeed, which I what I posted a few days ago.

But, people will not have it. They just will not accept it because they have become so used to some things never increasing in price, that when they finally do, it's an absolute outrage, and the media whips them up into a frenzy about it. Look when McDs put the price of cheeseburger up by 10p - the BBC wked itself to death over that. Said cheeseburger had been the same price for 7 years (or something like that), so it had been decreasing every year in real terms - but that was never reported.

I think the thing people will not accept is all things increasing in price apart from the cost of their labour.

vikingaero

10,430 posts

170 months

Tuesday 19th December 2023
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https://www.bbc.co.uk/news/business-67758126

The Beeb are like yoyos. Cheap then expensive.

axel1990chp

607 posts

104 months

Tuesday 19th December 2023
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A63 driving into Hull this morning, £167.9 for V-Power. frown

Mark V GTD

2,251 posts

125 months

Tuesday 2nd January
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Filled up at a Sainsburys at £130.9. Then drove ten minutes and went past a Shell garage advertising £164.9. Thats £1.50 a gallon more!!

Pays to research first.

snuffy

9,833 posts

285 months

Tuesday 2nd January
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Mark V GTD said:
Filled up at a Sainsburys at £130.9. Then drove ten minutes and went past a Shell garage advertising £164.9. Thats £1.50 a gallon more!!

Pays to research first.
I saw that kind of thing near me a couple of weeks ago: £1.42 and £1.65, which was bad enough.

Vipers

32,912 posts

229 months

Tuesday 2nd January
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Big piss take Hamilton Services 185 a litre for undeaded, not that I ever fill on motorways, recent trip to London ant return from Aberdeen would have added £40 to he fuel bill if I had,

Mark V GTD

2,251 posts

125 months

Wednesday 31st January
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Still holding at £130.9 here. Same as the start of the month.

djc206

12,396 posts

126 months

Wednesday 31st January
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Mark V GTD said:
Still holding at £130.9 here. Same as the start of the month.
We’re 139.9-141.9 around here. Not like we’re next to the largest oil refinery in the U.K. or anything.

snuffy

9,833 posts

285 months

Wednesday 31st January
quotequote all
djc206 said:
We’re 139.9-141.9 around here. Not like we’re next to the largest oil refinery in the U.K. or anything.
The delivery cost of the fuel is neither here nor there in the make up of the total price however. It really makes no real difference to the price at all.