106.9p a litre?! Time to buy a v8?!
Discussion
Yes, I did.
I also think these prices will only be temporary but might as well enjoy it whilst it lasts. It turns out V8s need not be so thirsty anyway, mine can do 32mpg on a longish trip! Doesn't seem much point compromising with a diesel that would probably only manage 40 on the same trip with more expensive fuel.
I also think these prices will only be temporary but might as well enjoy it whilst it lasts. It turns out V8s need not be so thirsty anyway, mine can do 32mpg on a longish trip! Doesn't seem much point compromising with a diesel that would probably only manage 40 on the same trip with more expensive fuel.
zeduffman said:
Tax will go up nicely after the election, then as soon as the Americans stop producing so much of the black stuff, prices will rocket up to 150p/l.
I agree - Regardless of whether its Labour/Conservative/Coalition of some sort, etc.If a coalition between SNP + Labour come in, I bet we're basically f
ked.Buff Mchugelarge said:
Obviously it's going to go back up, but when? and how low will it go before hand?
Opinions?
1. Study economics, to at least undergrad standardOpinions?
2. Obtain classified internal documents pertaining to oil reserves and well forecasts from the main oil producing and refining companies
3. Plant a spy within either the Saudi government or OPEC, preferably both, to obtain the same information.
4. Speculate on the possible reserves of shale gas in the US released by fracking, as that is one of the main drivers behind the current low prices
5. Speculate on the changing political nature of Russia and its neighbours
6. Speculate on the futures markets, securities, equities, the state of the global economy, forecast drivers for change therein
7. Speculate on the appetite for oil demand among air transport, shipping, and other industries relating to cargo and logistics, and how each may be affected by those drivers mentioned in point 6 above
8. Cross match all of the above, study trends therein, extrapolate, and hey presto! You might approach a sensible answer.
Edited by Timbola on Thursday 8th January 13:49
Timbola said:
1. Study economics, to at least undergrad standard
2. Obtain classified internal documents pertaining to oil reserves and well forecasts from the main oil producing and refining companies
3. Plant a spy within either the Saudi government or OPEC, preferably both, to obtain the same information.
4. Speculate on the possible reserves of shale gas in the US released by fracking, as that is one of the main drivers behind the current low prices
5. Speculate on the changing political nature of Russia and its neighbours
6. Speculate on the futures markets, securities, equities, the state of the global economy, forecast drivers for change therein
7. Speculate on the appetite for oil demand among air transport, shipping, and other industries relating to cargo and logistics, and how each may be affected by those drivers mentioned in point 6 above
8. Cross match all of the above, study trends therein, extrapolate, and hey presto! You might approach a sensible answer.
I think you hit the nail on the head in points 4-7 there2. Obtain classified internal documents pertaining to oil reserves and well forecasts from the main oil producing and refining companies
3. Plant a spy within either the Saudi government or OPEC, preferably both, to obtain the same information.
4. Speculate on the possible reserves of shale gas in the US released by fracking, as that is one of the main drivers behind the current low prices
5. Speculate on the changing political nature of Russia and its neighbours
6. Speculate on the futures markets, securities, equities, the state of the global economy, forecast drivers for change therein
7. Speculate on the appetite for oil demand among air transport, shipping, and other industries relating to cargo and logistics, and how each may be affected by those drivers mentioned in point 6 above
8. Cross match all of the above, study trends therein, extrapolate, and hey presto! You might approach a sensible answer.
Edited by Timbola on Thursday 8th January 13:49
"speculate"
FWIW I am selling my quite frual suzuki sv650, having recently bought a yamaha FZ1s. From what I;ve read, if I can get 42-44 mpg from the 1000 cc yamaha I should be content and not wish for more. I think it'll be less fuel efficient than my car (civic)!
I'm sure Government froze duty as it was going so high
Next budget it will increase again as oil is so low
Then oil price will rise, with increased duty on top
6-18 months time we will be back £1.30-1.50
That's my uneducated guess
What the highest pump price we have had in the UK in last 10 years?
I did think it might dip under a quid in a few months, but it seems to be heading that way really quickly!
Next budget it will increase again as oil is so low
Then oil price will rise, with increased duty on top
6-18 months time we will be back £1.30-1.50
That's my uneducated guess
What the highest pump price we have had in the UK in last 10 years?
I did think it might dip under a quid in a few months, but it seems to be heading that way really quickly!
TwistingMyMelon said:
I'm sure Government froze duty as it was going so high
Next budget it will increase again as oil is so low
Then oil price will rise, with increased duty on top
6-18 months time we will be back £1.30-1.50
That's my uneducated guess
What the highest pump price we have had in the UK in last 10 years?
I did think it might dip under a quid in a few months, but it seems to be heading that way really quickly!
Handy : http://www.petrolprices.com/the-price-of-fuel.htmlNext budget it will increase again as oil is so low
Then oil price will rise, with increased duty on top
6-18 months time we will be back £1.30-1.50
That's my uneducated guess
What the highest pump price we have had in the UK in last 10 years?
I did think it might dip under a quid in a few months, but it seems to be heading that way really quickly!
Timbola said:
1. Study economics, to at least undergrad standard
2. Obtain classified internal documents pertaining to oil reserves and well forecasts from the main oil producing and refining companies
3. Plant a spy within either the Saudi government or OPEC, preferably both, to obtain the same information.
4. Speculate on the possible reserves of shale gas in the US released by fracking, as that is one of the main drivers behind the current low prices
5. Speculate on the changing political nature of Russia and its neighbours
6. Speculate on the futures markets, securities, equities, the state of the global economy, forecast drivers for change therein
7. Speculate on the appetite for oil demand among air transport, shipping, and other industries relating to cargo and logistics, and how each may be affected by those drivers mentioned in point 6 above
8. Cross match all of the above, study trends therein, extrapolate, and hey presto! You might approach a sensible answer.
I know you're having a laugh, but I think the petrol prices went down because supply is up relative to demand. That's it. OPEC couldn't agree on how much to restrict supply by, as there were many arguments about what to do. Some countries want to punish Russia and Iran with lower oil prices, some wanted the highest price without significantly slower economic growth.2. Obtain classified internal documents pertaining to oil reserves and well forecasts from the main oil producing and refining companies
3. Plant a spy within either the Saudi government or OPEC, preferably both, to obtain the same information.
4. Speculate on the possible reserves of shale gas in the US released by fracking, as that is one of the main drivers behind the current low prices
5. Speculate on the changing political nature of Russia and its neighbours
6. Speculate on the futures markets, securities, equities, the state of the global economy, forecast drivers for change therein
7. Speculate on the appetite for oil demand among air transport, shipping, and other industries relating to cargo and logistics, and how each may be affected by those drivers mentioned in point 6 above
8. Cross match all of the above, study trends therein, extrapolate, and hey presto! You might approach a sensible answer.
Edited by Timbola on Thursday 8th January 13:49
Gassing Station | General Gassing | Top of Page | What's New | My Stuff