fuel prices

[GREEN BRAZIL]

when it went to record high of $147 a barrel it was about £1.19 a liter. today a barrel of oil is about $93 and i paid £1.09 a liter yesterday. the ****er were quick enough to put the price up :brickwall:brickwall

[Speedy]

Maybe the barrels are smaller? :greengrin

Seriously though, did the prices go up straight away or was there a delay? They should go down slowly I'd imagine.

[Scooter]

when it went to record high of $147 a barrel it was about £1.19 a liter. today a barrel of oil is about $93 and i paid £1.09 a liter yesterday. the ****er were quick enough to put the price up :brickwall:brickwall

where cause last time i went to a garage i got charged 1.12:brickwall

[fergal7]

where cause last time i went to a garage i got charged 1.12:brickwall

Morrisons at Piershill, its usually full of taxi's which is a good indicator that its the cheapest.

[Scooter]

Morrisons at Piershill, its usually full of taxi's which is a good indicator that its the cheapest.

i dont know why i dont go their its prob cloest to me i go to the tesco one next to the Lady Nairn

[Hank Schrader]

when it went to record high of $147 a barrel it was about £1.19 a liter. today a barrel of oil is about $93 and i paid £1.09 a liter yesterday. the ****er were quick enough to put the price up :brickwall:brickwall

The price per barrel has reduced by $15 over the past week but the prices at the pump reduced budged at all.:confused: In fact, the local Tesco put their price of unleaded up by 2p last week!

[blaikie]

where cause last time i went to a garage i got charged 1.12:brickwall
http://www.petrolprices.com/ Tell's you the cheapest stations in your area :thumbsup:

[NYHibby]

Do people want a serious answer? My degree is in economics but I don't want to take the time to type a serious answer if is this just a venting thread.

[PiemanP]

Do people want a serious answer? My degree is in economics but I don't want to take the time to type a serious answer if is this just a venting thread.

you dont need a degree mate to sum up that all oil companys and the governemnt are all greedy bassa who are who are putting unaffordable taxes on fuel/or making millions of profit a minute........yet i cant aford to fill my car up anymore :grr:

[Brando7]

you dont need a degree mate to sum up that all oil companys and the governemnt are all greedy bassa who are who are putting unaffordable taxes on fuel/or making millions of profit a minute........yet i cant aford to fill my car up anymore :grr:

Got this sent to me today n can see this in a few years :greengrin

[Zeberdee]

you dont need a degree mate to sum up that all oil companys and the governemnt are all greedy bassa who are who are putting unaffordable taxes on fuel/or making millions of profit a minute........yet i cant aford to fill my car up anymore :grr:

if petrol was any cheaper they'd be too many cars on the roads.

[Brando7]

if petrol was any cheaper they'd be too many cars on the roads.

Disagree

Can you name 1 person that does not use their car cause the price of petrol cause i can't

We can mump n moan about the price of petrol but at the end of the day we still go to the pump cause we have to!!

[Zeberdee]

Disagree

Can you name 1 person that does not use their car cause the price of petrol cause i can't

We can mump n moan about the price of petrol but at the end of the day we still go to the pump cause we have to!!

if it was cheaper i, and most folk i know would use it even more. for short journeys here n there that the current costs makes u think twice about doing.

priced about right imo. apart from for business that rely on it. for joe blogs on the street its about right. prople have had it too good too long. toasters for £4. Tv's for not much more. people are much better off than they were 15 years ago.

[PiemanP]

if petrol was any cheaper they'd be too many cars on the roads.

but when petrol in real terms was much cheaper say 5-10 years ago, was there too many cars on the road then?

i dont know what the exact figures are, but the reason i'm annoyed is that in brittain we pay around half of our petrol price in tax, which compared to rates in other countries is quite ridiculous

[Zeberdee]

but when petrol in real terms was much cheaper say 5-10 years ago, was there too many cars on the road then?

i dont know what the exact figures are, but the reason i'm annoyed is that in brittain we pay around half of our petrol price in tax, which compared to rates in other countries is quite ridiculous

but we also have plenty in return and far more opportunities than most of these countries offer. i say most cos prob not all.

[Brando7]

if it was cheaper i, and most folk i know would use it even more. for short journeys here n there that the current costs makes u think twice about doing.

priced about right imo. apart from for business that rely on it. for joe blogs on the street its about right. prople have had it too good too long. toasters for £4. Tv's for not much more. people are much better off than they were 15 years ago.

Petrol increased!
Gas increased!
Electricity increased!
Food increased!
Fag increased!
Booze increased!
Holiday prices increased!
Mortgages through the roof!

Aye we much better off these days :bitchy:

[Zeberdee]

Petrol increased!
Gas increased!
Electricity increased!
Food increased!
Fag increased!
Booze increased!
Holiday prices increased!
Mortgages through the roof!

Aye we much better off these days :bitchy:

Of course everything has increased. Its called inflation. Mortgage rates are a lot better than 15 years ago. House prices have got out of hand but that only really effects younger people like myself as older homeowners would have gained from the rises somewhat offsetting the cost of moving in comparison with a first time buyer.

[Betty Boop]

if it was cheaper i, and most folk i know would use it even more. for short journeys here n there that the current costs makes u think twice about doing.

priced about right imo. apart from for business that rely on it. for joe blogs on the street its about right. prople have had it too good too long. toasters for £4. Tv's for not much more. people are much better off than they were 15 years ago.
You're having a laugh! :bitchy:

[Removed]

if it was cheaper i, and most folk i know would use it even more. for short journeys here n there that the current costs makes u think twice about doing.

priced about right imo. apart from for business that rely on it. for joe blogs on the street its about right. prople have had it too good too long. toasters for £4. Tv's for not much more. people are much better off than they were 15 years ago.

:crazy:

[sleeping giant]

I'm sure i paid £1.05 at the BP in Livinston today.

Does anyone think thet will fall below the £1 per litre?

[Brando7]

I'm sure i paid £1.05 at the BP in Livinston today.

Does anyone think thet will fall below the £1 per litre?

I doubt it unless the goverment drops their cut but if they did that then companies would just increase it

lose lose situation :grr: :brickwall

[Brando7]

More bad news for us all :grr: :grr: :grr:

http://www.thesun.co.uk/sol/homepage/news/money/article1722909.ece

[GREEN BRAZIL]

oil is now $81 a barrel and its still £1.05 a litre :brickwall

[GREEN BRAZIL]

Dated Brent Spot $75.34 a barrel :grr:

[Little Miss Perfect]

BP Ferry Rd at 102.9 this morning

[GREEN BRAZIL]

BP Ferry Rd at 102.9 this morning
:brickwall:brickwall:brickwall morrisons ferry road £1.05 this morning :brickwall:brickwall:brickwall

[wick hibby]

Wick 112.9:brickwall:brickwall

[Little Miss Perfect]

:brickwall:brickwall:brickwall morrisons ferry road £1.05 this morning :brickwall:brickwall:brickwall

Nightmare eh, Shell at Crewe Toll roundabout 103.9 today
BP Quensferry Road 106.9 :grr:

Can you tell i pass a few petrol stations on way to work lol

[Brando7]

Nightmare eh, Shell at Crewe Toll roundabout 103.9 today
BP Quensferry Road 106.9 :grr:

Can you tell i pass a few petrol stations on way to work lol

4 if my calculations are correct :greengrin

[GREEN BRAZIL]

VAT campaigning
Fuel campaigners argue that VAT should only be calculated on the cost of the fuel rather than on the fuel and the duty together.
If VAT was not charged on the duty, the motorist would save around 8p per litre at September 2000 prices. None of the parties appear to support that move.
Leaving aside VAT, fuel duty increases under Labour amount to 12 pence per litre - just slightly more than the rise caused by the escalator under the Conservatives.
Because of the rise in world oil prices, the proportion of the total fuel cost that is tax has fallen from 85% (March 1998) to 72.3% today - still one of the highest levels in the world - something that ministers have sought to stress in interviews. With the Tories pledging a three pence a litre cut should they come to power, the question is whether the Government should cut fuel duty - and whether the country can afford it.

[Hank Schrader]

I was told a few weeks ago that oil is bought well in advance by petrol companies so the prices we are paying just now are probably based on a much higher oil price.

I expect/hope that due to the recent oil price slump that in a month or two we should see a more reasonable price at the pumps. My local Tesco dropped their unleaded price by 3p today.

[col02]

I think i read that petrol companies are looking to change their approach to price increases by basically holding back any increase for a three month period say and then passing the rise on to the customer at the pumps. I would assume this works pretty much the same way for selling fuel too. It is maybe to give them a more structured set up rather than fluctuation of the markets of a few months ago. :dunno:

My own personal opinion about the current credit cruch/recession we are in is that OPEC are more to blame than they have had attributed to them so far for soaring prices in pretty much every walk of life like grocery shopping thru to any company that relies upon fuel for providing a service.

[aazza91]

No-one has really mentioned that although petrol prices are still quite high we are lucky enough that one of the cheapest prices in the UK is in Edinburgh!
I was on www.petrolprices.co.uk and noticed the cheapest (thursday prices) is 103.9 and some stations in Edinburgh is selling at that, the dearest is 119.9.
Tesco Corstorphine yesterday was 102.9 so hopefully it stays the same way and we keep getting the cheapest petrol in the UK. :thumbsup:

[cad]

Just back from the US yesterday ,Jacksonville to be exact
89 cents a litre
$3.85 a gallon

about 62 p a litre and just over a £2 a gallon and they are kicking up a awfi fuss about paying that.:brickwall

[aazza91]

Just back from the US yesterday ,Jacksonville to be exact
89 cents a litre
$3.85 a gallon

about 62 p a litre and just over a £2 a gallon and they are kicking up a awfi fuss about paying that.:brickwall

Lets all move to Jacksonville :greengrin

[wick hibby]

Tesco now 106.9:thumbsup:

[Little Miss Perfect]

Asda & Morrisons down to 97.9 now :thumbsup:

[jonty]

http://www.petrolprices.com/ Tell's you the cheapest stations in your area :thumbsup:

the same people also run www.ourproperty.co.uk (http://www.ourproperty.co.uk) :thumbsup:

Cracking sites :agree:

[The_Todd]

Asda & Morrisons down to 97.9 now :thumbsup:


Yet still a petrol station near Barnton is 106-odd a litre. Mental!

[Little Miss Perfect]

Yet still a petrol station near Barnton is 106-odd a litre. Mental!

Is that the BP garage?

[Eurohibees]

the shell at abbeyhill is 97p for unleaded:thumbsup:

[Hibbychick]

Now that the price of fuel has dropped, will LRT be reducing the price of bus fares back to £1?

[Brando7]

Shell garages in Rosyth at 97.9

[The_Todd]

Is that the BP garage?


I think so, I wasn't paying too much attention, but I drove past it this morning stunned at the price when everywhere else was about 8p cheaper.

It's not even close to matching 97.9!

[PiemanP]

Now that the price of fuel has dropped, will LRT be reducing the price of bus fares back to £1?

cant see that happening sadly :grr:

[Little Miss Perfect]

I think so, I wasn't paying too much attention, but I drove past it this morning stunned at the price when everywhere else was about 8p cheaper.

It's not even close to matching 97.9!

Think we're talking about the same place,it's always dearer, think someone said it's because it's the last one before the Forth Road Bridge :dunno:

[Sylar]

Shell Garage, East Marketgait, Dundee - 94.9 today :thumbsup:

[The_Todd]

Think we're talking about the same place,it's always dearer, think someone said it's because it's the last one before the Forth Road Bridge :dunno:

Is that their excuse? Poor, considering the smart drivers will just go to a nearby garage for some 97.9p action! Also, even the BP at Harthill Services (M8) is cheaper than 106p at around 101p.

All so very odd!

[Brando7]

Is that their excuse? Poor, considering the smart drivers will just go to a nearby garage for some 97.9p action! Also, even the BP at Harthill Services (M8) is cheaper than 106p at around 101p.

All so very odd!

Passed it 2day & it down to 99.9, BP garage near barton.

[The_Todd]

Passed it 2day & it down to 99.9, BP garage near barton.

Maybe they bowed down to .net peer pressure :greengrin

[Monts]

BP garage at the airport is still £1.11.

[Hank Schrader]

This will scunner some of you, it did me:grr:

A petrol price war has broken out in Sydney, Australia. Some petrol stations there are offering 94.9 cents a litre! Now my maths tells me that this equates to roughly 38 pence a litre:bitchy:

http://www.news.com.au/business/money/story/0,25479,24530117-462,00.html

[.Louise.]

Local Shell is now 97.9p and V-Power down to 106.9p :thumbsup::thumbsup:

[stu in nottingham]

50p equivalent in Western Canada recently. Mind, you need it with an engine size of 4.7 or 5.3 litres... :faint:

[NYHibby]

I saw the equivalent of 40p a liter today.

[Hibbychick]

This will scunner some of you, it did me:grr:

A petrol price war has broken out in Sydney, Australia. Some petrol stations there are offering 94.9 cents a litre! Now my maths tells me that this equates to roughly 38 pence a litre:bitchy:

http://www.news.com.au/business/money/story/0,25479,24530117-462,00.html

That was the price of petrol when I first started driving! :brickwall:brickwall

[MyJo]

Asda in dunfermline was 97.9 yesterday but i paid for it with an ASDA storecard and got it for 95.9 :smug: :greengrin

[Danderhall Hibs]

Asda in dunfermline was 97.9 yesterday but i paid for it with an ASDA storecard and got it for 95.9 :smug: :greengrin

So by the time the interest's added on and you clear that in a few months you'll have paid the equivalent of 150p a litre.:greengrin

[MyJo]

So by the time the interest's added on and you clear that in a few months you'll have paid the equivalent of 150p a litre.:greengrin

:tee hee: much cheapness

[Little Miss Perfect]

As from tomorrow morning (24/10) Asda will be dropping prices to 94.9 :thumbsup:

[Hank Schrader]

As from tomorrow morning (24/10) Asda will be dropping prices to 94.9 :thumbsup:

Looks like everyone else will be following suit;

http://news.bbc.co.uk/1/hi/business/7688324.stm

How long till it drops below 90p?

[GREEN BRAZIL]

when it went to record high of $147 a barrel it was about £1.19 a liter. today a barrel of oil is about $93 and i paid £1.09 a liter yesterday. the ****er were quick enough to put the price up :brickwall:brickwall
oil is now $60 a barrel :greengrin

[sleeping giant]

oil is now $60 a barrel :greengrin

I predict they will rocket again when the Opec decide to throttle the supply.

Gordon Brown is seemingly going over to demand that they keep the taps open:I'm waiti

[Betty Boop]

I predict they will rocket again when the Opec decide to throttle the supply.
Gordon Brown is seemingly going over to demand that they keep the taps open:I'm waiti
Yip fuel prices are to go back up, as oil production is to be cut by one million barrels.:bitchy:

[Hibrandenburg]

My company (a major European airline) has just announced it hedged fuel for 6 months at last months prices meaning millions of pounds down the drain :brickwall

Guess who's not getting his Christmas bonus now due to managerial incompetence? :grr:

[(((Fergus)))]

Morrisons at Piershill, its usually full of taxi's which is a good indicator that its the cheapest.

cheapest isn't necessarily the best for your car. supermarket fuel is notoriously low in quality.

[Little Miss Perfect]

90.9 at Asda in Dunfermline tonight :thumbsup:

[Andy74]

Yip fuel prices are to go back up, as oil production is to be cut by one million barrels.:bitchy:

Nope, oil will be roughly half the price it is now by next summer. Mark my words.

[I'm_cabbaged]

cheapest isn't necessarily the best for your car. supermarket fuel is notoriously low in quality.

Gen up?

[NYHibby]

If I did the math right, I paid something like .32p today. It was $1.75 a gallon if someone want to check the math.

[Little Miss Perfect]

Morrisons at Ferry Road down to 89.9 today :thumbsup:

[Andy74]

Morrisons at Ferry Road down to 89.9 today :thumbsup:

diesel doesn't seem to be coming down as quickly as petrol. It's always been more expensive but the differential looks like it's bigger?

Is that right?

[fordie2]

diesel doesn't seem to be coming down as quickly as petrol. It's always been more expensive but the differential looks like it's bigger?

Is that right?


Thats the one thing thats quite confusing, diesel was always 1p cheaper than petrol. Now diesel is about 15p a litre more expensive

It's less refined than petrol aswell?

[Betty Boop]

Petrol is going back up on Monday along with fags, booze and National Insurance! :boo hoo:

[Brando7]

Petrol is going back up on Monday along with fags, booze and National Insurance! :boo hoo:

U r on the wind up :confused:

[Betty Boop]

U r on the wind up :confused:Wish I was, its all in Alistair Darlings mini budget. :grr:

[Hank Schrader]

Petrol is going back up on Monday along with fags, booze and National Insurance! :boo hoo:

I think what he said was that with the reduction in VAT, any effect that had on fuel prices would be countered by a raise in duty, so I doubt fuel will increase by that much as they should cancel each other out.

Article in the Guardian said that the RAC expect fuel prices to drop by 7p a litre before Xmas.

[Mikey]

Prices in Toronto the same as they were in Jan 2005......

http://www.citynews.ca/news/news_29367.aspx

What were we paying in Jan 2005??

[Brando7]

I think what he said was that with the reduction in VAT, any effect that had on fuel prices would be countered by a raise in duty, so I doubt fuel will increase by that much as they should cancel each other out.

Article in the Guardian said that the RAC expect fuel prices to drop by 7p a litre before Xmas.

So basically they giving us money back in one hand then taking it back from the other hand :grr:

[Hank Schrader]

So basically they giving us money back in one hand then taking it back from the other hand :grr:

In a nutshell. And when the VAT rate goes back up on 1/1/2010 will fuel duty come back down?

I think we all know the answer to that one......

[Andy74]

I think what he said was that with the reduction in VAT, any effect that had on fuel prices would be countered by a raise in duty, so I doubt fuel will increase by that much as they should cancel each other out.

Article in the Guardian said that the RAC expect fuel prices to drop by 7p a litre before Xmas.

And as I said above the price of oil is set to go to down to nearer $40 a barrel by the summer so we should see some big decreases. Most of our price is duty though so may not be that big a drop for us!

Markets don't seem to agree with this but the chief ecomonists of both shell and bp expect that to be the price. :wink:

[Hank Schrader]

And as I said above the price of oil is set to go to down to nearer $40 a barrel by the summer so we should see some big decreases. Most of our price is duty though so may not be that big a drop for us!

Markets don't seem to agree with this but the chief ecomonists of both shell and bp expect that to be the price. :wink:

I was told a while back that the fuel companies buy their oil 2 or 3 months in advance. On the basis the prices we are paying now will be based on a price per barrel of around say $80-$90 approx. So what the RAC are saying makes sense and that we should see reduced prices by Christmas, based on the fact oil is hovering round the $50 per barrel mark just now.

I don't know what to believe though. Back in July during the peak oil price we were being told to expect this as the norm and that we could be paying £1.50 per litre at the pumps by September. That turned out to be bollocks. I just hope what you say turns out to be true:greengrin

[Woody1985]

but when petrol in real terms was much cheaper say 5-10 years ago, was there too many cars on the road then?

i dont know what the exact figures are, but the reason i'm annoyed is that in brittain we pay around half of our petrol price in tax, which compared to rates in other countries is quite ridiculous

I read the figure is 74%.

It's 52.35p a litre in tax before you take into consideration anything else (productions, garage margins etc etc).

The government have reduced VAT temporarily to 15% for 13 months but slapped on a 2p tax per litre (to take it to the above). When the VAT returns to 17.5% (or higher) then the 2p is staying in place.

Do people genuinely use their car more when petrol is cheaper? Do you think to yourself 'ah fk it, I'm going to go out and waste some petrol'!!! I use my car the same amount regardless. When it's cheaper it just means I don't fill up as much.

[Woody1985]

And as I said above the price of oil is set to go to down to nearer $40 a barrel by the summer so we should see some big decreases. Most of our price is duty though so may not be that big a drop for us!

Markets don't seem to agree with this but the chief ecomonists of both shell and bp expect that to be the price. :wink:

Why does the price of oil fluctuate so much?

I know demand against daily production etc but surely it can't change $100 over the space of a few months:confused:

[Hibrandenburg]

Why does the price of oil fluctuate so much?

I know demand against daily production etc but surely it can't change $100 over the space of a few months:confused:

It can if OPEC wants it to.

[lyonhibs]

It can if OPEC wants it to.

The joys of being a cartel :agree:

[GREEN BRAZIL]

South Carolina $1-65 a gallon, thats just over a pound :grr:

[HibsMax]

it's finally "down" to about $1.90 up here but it's only a few years ago that I was saying that $1.70 was expensive. I think they play with the prices so much that you forget how cheap it really used to be.

[Brando7]

Shell garage just off crew toll roundabout at 88.9 :thumbsup:

Morrisons on Ferry rd still at 89.9 but recon they will match it :agree:

[Hank Schrader]

Shell garage just off crew toll roundabout at 88.9 :thumbsup:

Morrisons on Ferry rd still at 89.9 but recon they will match it :agree:

My local Shell is down to 88.9 too.

I filled my car right up yesterday and it cost £45. The same amount of fuel during the peak prices in July/August would have cost just short of £60.

I put an average of 120 litres in my car a month, so I am saving around about £36 a month.

[GREEN BRAZIL]

oil is now $40 a barrel :dizzy: :drool:

[GREEN BRAZIL]

$34 now, it will be free soon :greengrin

[sleeping giant]

$34 now, it will be free soon :greengrin
Is OPEC not meeting this week to discuss reducing the supply ?


Diesel down to under a pound:agree:

[RyeSloan]

It can if OPEC wants it to.

Not any more...OPEC used to be able to control the price and while the still obviously have influence the scale of the global market for oil means demand has a much greater influence than OPEC's not entirely effectived control of supply.

Who knows where the price of oil is going or will stay....all commentators in this field, including OPEC themselves, have proven to be completely wrong a number of times in the last year or so.

Consensus seems to see it sitting at the current price only reasonably briefly with it heading north again at any sniff of an upturn....however no one can see an upturn anytime soon so we might have cheap oil for a wee while yet.

[Hank Schrader]

Tescos dropping their petrol prices by 3p to 82.9p per litre as of today. Diesel to fall somewhere between 94.9p and 97.9p per litre depending on filling station. Other outlets will likely follow suit.

Link (http://www.guardian.co.uk/business/2008/dec/31/tesco-oil)

[Brando7]

Just seen to shell garage at Seafield & it down to 83.9 :thumbsup:

95.9 for diesel