Has the fuel price peaked ?
Discussion
Ok, aside from normal inflation but has petrol found its limit, people are buying more economical cars and using alternatives so demand has gone down, I get an email from petrolprices.com and have done for a year and a bit and it hasnt gone up, £1.26.9.
Do we expect any more huge increases, would think the oil companies are perhaps realising that the market wont stand it and that they need to maintain it at a level that people grumble about but get on with rather than go electric or ride a push bike, they are making billions still, appreciate fuel for cars is a small part of their business but it is still significant.
Have the government realised its very unpopular hiking fuel duty all the time ?and they have perhaps had all fuel duty has to give ? perhaps they see if people dont use their cars they dont get any duty and people dont spend, dont go out for meals and stuff so the effect has a knock on, on other tax revenue greater than what they get back from it ?
Or is it just the general election isnt that far off ?
Discuss
Do we expect any more huge increases, would think the oil companies are perhaps realising that the market wont stand it and that they need to maintain it at a level that people grumble about but get on with rather than go electric or ride a push bike, they are making billions still, appreciate fuel for cars is a small part of their business but it is still significant.
Have the government realised its very unpopular hiking fuel duty all the time ?and they have perhaps had all fuel duty has to give ? perhaps they see if people dont use their cars they dont get any duty and people dont spend, dont go out for meals and stuff so the effect has a knock on, on other tax revenue greater than what they get back from it ?
Or is it just the general election isnt that far off ?
Discuss
Sobored said:
It will never go down or stay the same, it always goes up. No point wasting brain power even thinking about this.
Nice whine but the OP did say excluding inflation. Of course everything will go up over time due to inflation.Also prices have fallen from 140p and according to petrolprices.com real prices are around the same now as they were in 2010.
Shaoxter said:
Sobored said:
It will never go down or stay the same, it always goes up. No point wasting brain power even thinking about this.
Nice whine but the OP did say excluding inflation. Of course everything will go up over time due to inflation.Also prices have fallen from 140p and according to petrolprices.com real prices are around the same now as they were in 2010.
Absent a stunning new discovery of fuel sources that work in mobile crashdevices, or a ME war, I'd say it will stay where it is for the next year or so, especially with a UK election coming up.
Shaoxter said:
Sobored said:
It will never go down or stay the same, it always goes up. No point wasting brain power even thinking about this.
Nice whine but the OP did say excluding inflation. Of course everything will go up over time due to inflation.Also prices have fallen from 140p and according to petrolprices.com real prices are around the same now as they were in 2010.
I am not against paying fuel duty but for a few years it was the only answer they seemed to have to raising funds, and that particular Golden Goose got a sore arse.
BRMMA said:
whilst in the uk people are driving less and are using more fuel efficient cars on a global scale the demand for oil is soaring so that will inevitably push oil prices up
I thought that car fuel use in the UK had dropped by a good amount, even though there are more vehicles on the road - can't remember where I read that.If you think about it most modern cars achieve pretty impressive economy (I remember my 45bhp X reg Fiesta never did more than 30mpg - what's the bhp and mpg of it's modern version? 80bhp & 60 mpg? at a guess). And to my eye there are an awful lot of people who burble along at 60mph on the motorway nowadays. Fuel price is affecting behaviour.
BRMMA said:
whilst in the uk people are driving less and are using more fuel efficient cars on a global scale the demand for oil is soaring so that will inevitably push oil prices up
This.Short/medium term fluctuations have seen prices at the pump fall but don't expect this to remain the case long term.
randlemarcus said:
Absent a stunning new discovery of fuel sources that work in mobile crashdevices...
Synthetic methanol. Works in our current vehicle fleet and infrastructure and can be made from water and atmospheric CO2. Carbon neutral when burnt.Sadly like widespread use of hydrogen and full EVs it really needs either very cheap electricity or very expensive petrol.
mikeveal said:
Sorry, but it's a dumb question.
Given a finite supply of oil and an increasing demand, what does the OP think will happen to prices long term?
Were you also saying this in the 70's? If you take out inflation / tax it wouldn't surprise me at all if prices have dropped. Better technology dear boy!Given a finite supply of oil and an increasing demand, what does the OP think will happen to prices long term?
TX.
Terminator X said:
Were you also saying this in the 70's? If you take out inflation / tax it wouldn't surprise me at all if prices have dropped. Better technology dear boy!
TX.
Gads you know how to be irrelevant.TX.
Are you disputing that the supply of fossil fuels is finite?
If not, then please explain why you think prices won't rise as supply dries up.
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