Discussion
So now i'm going to be living with 22mpg instead of 47mpg, this suddenly becomes important to me. Especially as i seem to be popping out for milk, posting unimportant letters at peculiar times of day, that sort of thing.
Please speculate wildly about the wallet-impact of retail vehicle fuel over the next year or two.
Posts which demonstrate some knowledge of light crude futures trading, sterling exchange rates, tax policy or some other factor which has a tangible effect on the fuel price are preferred over those which link to Daily Mail articles.
Please speculate wildly about the wallet-impact of retail vehicle fuel over the next year or two.
Posts which demonstrate some knowledge of light crude futures trading, sterling exchange rates, tax policy or some other factor which has a tangible effect on the fuel price are preferred over those which link to Daily Mail articles.
pilchardthecat said:
So now i'm going to be living with 22mpg instead of 47mpg, this suddenly becomes important to me. Especially as i seem to be popping out for milk, posting unimportant letters at peculiar times of day, that sort of thing.
Please speculate wildly about the wallet-impact of retail vehicle fuel over the next year or two.
Posts which demonstrate some knowledge of light crude futures trading, sterling exchange rates, tax policy or some other factor which has a tangible effect on the fuel price are preferred over those which link to Daily Mail articles.
Should have thought about this before you took the plunge! Get ready to feel sick every time you fill up from now on, and it'll only get worse...Please speculate wildly about the wallet-impact of retail vehicle fuel over the next year or two.
Posts which demonstrate some knowledge of light crude futures trading, sterling exchange rates, tax policy or some other factor which has a tangible effect on the fuel price are preferred over those which link to Daily Mail articles.
The smart money is in agricultural commodities not so much oil futures. Why? increased demand for bio fuels, increasing demand from developing countries, water shortages etc. Oil prices will pick up at some point and it isn't like anymore is being made anytime soon.
Taxation will be the killer in the short term and supply in the long term so I say enjoy it while your wallet can stand it.
Taxation will be the killer in the short term and supply in the long term so I say enjoy it while your wallet can stand it.
Ozzie Osmond said:
At the current price c.£1.20 a litre (say £5.50 a gallon) a car which averages 27 mpg will use
£20,000 of petrol to cover 100,000 miles!
I used to think depreciation was the expensive bit of running a car....
it is for me, or at least it was. Last 2 years (12k miles/yr)£20,000 of petrol to cover 100,000 miles!
I used to think depreciation was the expensive bit of running a car....
depreciation; £4500/year
fuel; £1500/year
i'v just doubled the fuel costs, but i wonder what the depreciation will be on the z4m.....
I've no doubt the trend is upward... However Sainsburys near me has come down to 111.9 per litre which is the cheapest it's been for a long while. Luckily I coincided my fill-up with a shopping trip- £50 spend gives a further 5p p/l off, which on the Barge equated to an extra fiver saved!
Anyway, what's all this bleating about 22mpg? My A8 does 10 around town!
Anyway, what's all this bleating about 22mpg? My A8 does 10 around town!
pilchardthecat said:
marshalla said:
Ozzie Osmond said:
At the current price c.£1.20 a litre (say £5.50 a gallon) a car which averages 27 mpg will use
£5.50/gallon = 69p/pint (approx) - still cheaper than beer.pilchardthecat said:
So now i'm going to be living with 22mpg instead of 47mpg
For going to the shops I use this
78mpg and that's after the Superchips conversion. It's a Yaris now with 112bhp and yet still manages to send me completely to sleep every time I drive it. It's a perfect A to B car, it's the antithesis of PH though.
Getting back to the point, if there is a world recovery I can only see petrol prices going up. Also, to add to the woes, the pound is not very good against the dollar and so you might find that the price of a barrel goes to $100+ and the exchange rate stays low. I can well imagine a litre being 130p in the next year.
It will therefore be £55 per fill up to go 650 miles 
But I will probably be too comatose to even notice. At least you will be having fun.
Andy
Edited by zakelwe on Sunday 22 August 15:53
UK bond yields are forecast to increase which will go hand in hand with Sterling becoming comparatively strong - including relative to the US dollar where short term monetary policy is going to cause a softening in the mid-term. All of this will ease upstream margins and cause a 6-12 month decline in retail pump prices in the UK of 3-4.7% (3.5 - 5.5 pence per litre).
In the UK, longer term inflationary pressures will prompt a gradual increase in interest rates, further strengthening Sterling. Unfortunately this will be offset by reduced forecast upstream productivity which, in turn, will cause headline dollar prices to rise. So the 12-24 month prognosis is a restoration of current fuel prices.
I have made all of this up, without reference to anything factual. Good luck with the thirsty car.
In the UK, longer term inflationary pressures will prompt a gradual increase in interest rates, further strengthening Sterling. Unfortunately this will be offset by reduced forecast upstream productivity which, in turn, will cause headline dollar prices to rise. So the 12-24 month prognosis is a restoration of current fuel prices.
I have made all of this up, without reference to anything factual. Good luck with the thirsty car.
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