Plunging pump prices.
Discussion
Ginge R said:
Unless you were stark raving mad, you wouldn't be buying that Prius right now.. would you? .
Why, is it free where you are?Fuel is still very expensive, but like house prices, we've become conditioned to accept it as acceptable.
Remember the fuel protests a few years back? It was under £1/litre when people were moved to blockade refinerys in protest at the exorbitant cost.
Hope it doesn't last. The UK industry is on its knees at the moment. It costs more to get the stuff out than it can be sold for. The reduction in superdupertax might help reduce the losses in the UKCS but are unlikely to result in a load of new work. The supply chain to the UK oil & gas industry is estimated to be worth £35billion and employ 1 in 80 employees in the UK.
Liokault said:
r11co said:
Flawed logic. Hybrids were never about saving money (or the planet....)
No, they are about being smug, as one can see from your post.Personally I want a full EV as our family car, but it has nothing to do with saving the planet. The EV drivetrain appeals to me for something that i treat like white goods.
jamieduff1981 said:
Hope it doesn't last. The UK industry is on its knees at the moment. It costs more to get the stuff out than it can be sold for. The reduction in superdupertax might help reduce the losses in the UKCS but are unlikely to result in a load of new work. The supply chain to the UK oil & gas industry is estimated to be worth £35billion and employ 1 in 80 employees in the UK.
The vast majority of those 1 in 80 people will be those dealing with the end product, the 10s of thousands of petrol station employees, those working for energy suppliers and working to maintain the gas network, none of those people will be in any way adversely effected by a low oil price Bottom line is, UK is still a massive net importer of oil, so the winners massively out weigh the losers
Ari said:
Why, is it free where you are?
Fuel is still very expensive, but like house prices, we've become conditioned to accept it as acceptable.
Remember the fuel protests a few years back? It was under £1/litre when people were moved to blockade refinerys in protest at the exorbitant cost.
I was referring to mainstream consumer sentiment and the possibility that prices could (should, if you discount the rocket and feather principle) drop further, and stay low for a bit. I wonder if people will hold onto their larger cars for a bit, if they were intending to change due to fuel cost, and what impact that would have. I just like behavioural thinking I guess.Fuel is still very expensive, but like house prices, we've become conditioned to accept it as acceptable.
Remember the fuel protests a few years back? It was under £1/litre when people were moved to blockade refinerys in protest at the exorbitant cost.
I'm cool with it costing less
But I dont think it will last - I read an article (i think it was on the BBC website) last week, and the various nations (representatives thereof) have said they will just let it sort itself out and stabilise, suggesting to me it'll just go back up to roughly where it was
As for hybrids...well, they are still a viable tactic to saving fuel for the owner. A car that does >60 mpg will do it regardless of current oil prices. You still stand to save money
But I dont think it will last - I read an article (i think it was on the BBC website) last week, and the various nations (representatives thereof) have said they will just let it sort itself out and stabilise, suggesting to me it'll just go back up to roughly where it was
As for hybrids...well, they are still a viable tactic to saving fuel for the owner. A car that does >60 mpg will do it regardless of current oil prices. You still stand to save money
Benbay001 said:
Mound Dawg said:
I was a bit surprised to fill up at Asda a for "only" £1.15 a litre the other day.
Nice, but I suspect that it won't last.
Why not?Nice, but I suspect that it won't last.
Stuart70 said:
Shale producers vs Middle East with a bit of bankrupting Russia thrown in at present.
All geopolitical wranglings.
Given this, I suspect it will bounce back up when the games play out. It is not in any of the players long term interests to keep the barrel price low?!
All geopolitical wranglings.
Given this, I suspect it will bounce back up when the games play out. It is not in any of the players long term interests to keep the barrel price low?!
OPEC are cutting of their nose to spite their face and it can't last.Gassing Station | General Gassing | Top of Page | What's New | My Stuff