Petrol prices- when does the madness end?
Discussion
For me personally, my car is good on fuel but I'm going to try and offset the change by driving it less.
If I can ride my bike, safely and staying dry, I'm going to do that. Even if it cuts 1 or 2 journeys out it will cover the difference.
Bit crap though, I was going to change my 2.1d for a 3.0T+ car of sorts, the first barrier was the silly car prices and now there's a second barrier of the fuel prices. Like many I'll be waiting to see where it settles before making any financial decisions.
If I can ride my bike, safely and staying dry, I'm going to do that. Even if it cuts 1 or 2 journeys out it will cover the difference.
Bit crap though, I was going to change my 2.1d for a 3.0T+ car of sorts, the first barrier was the silly car prices and now there's a second barrier of the fuel prices. Like many I'll be waiting to see where it settles before making any financial decisions.
Joey Deacon said:
I have said it before, but I am amazed people haven't started to hoard cars such as the VW UP!, cars with £30 annual road tax and can do 60MPG.
Surely fuel is going to be in the £1.70 to £1.80 range in a couple of weeks?
Well speaking of that, i bought an Up! for 4350 and it's going for 7000 now.Surely fuel is going to be in the £1.70 to £1.80 range in a couple of weeks?
Thanks to a permanent 'agile working' policy at work, and next to no business travel, I'm currently doing about 5,000 miles a year so it's not really a big deal for me, even in a car averaging 26 mpg. Every 10p a litre hike adds about £87 to my annual fuel bill. Not ideal, but considering my household energy bill has increased by a similar figure every month, it's really not much to get upset about in the greater scheme of things.
Limpet said:
Thanks to a permanent 'agile working' policy at work, and next to no business travel, I'm currently doing about 5,000 miles a year so it's not really a big deal for me, even in a car averaging 26 mpg. Every 10p a litre hike adds about £87 to my annual fuel bill. Not ideal, but considering my household energy bill has increased by a similar figure every month, it's really not much to get upset about in the greater scheme of things.
Except every single thing physical that you buy is transported. The knock on effects will be significant.Limpet said:
Thanks to a permanent 'agile working' policy at work, and next to no business travel, I'm currently doing about 5,000 miles a year so it's not really a big deal for me, even in a car averaging 26 mpg. Every 10p a litre hike adds about £87 to my annual fuel bill. Not ideal, but considering my household energy bill has increased by a similar figure every month, it's really not much to get upset about in the greater scheme of things.
Whilst that is the case for many right now, the bigger financial impact will be adding yet more fuel to the inflation inferno when logistics costs spiral.http://www.speedlimit.org.uk/petrolprices.html
I started driving in the 90s when petrol was averaging 50ish p. Prices varied depending on whether you were fuelling at a supermarket (cheapest), or Texaco near the M6 etc (expensive).
Taking solely UK inflation into account, the price i paid i the 90s should be around £1.10 now.
I just filled up with Siper Unleaded at Sainsbo costing £1.51
Regular unleaded was £1.44 (i think)
So a current difference of 34p a litre (more than just what we should pay with raw inflation) isn't diabolical when we consider Covid + Putin etc.
At £2 a litre things start to get far more skewed. But by adjusting my travel times (where possible to avoid the worst traffic), driving style, making sure tyres are inflated correctly, removing cr4p i dont need from the car boot etc; all helps to offset (to some degree) a potential price hike.
I started driving in the 90s when petrol was averaging 50ish p. Prices varied depending on whether you were fuelling at a supermarket (cheapest), or Texaco near the M6 etc (expensive).
Taking solely UK inflation into account, the price i paid i the 90s should be around £1.10 now.
I just filled up with Siper Unleaded at Sainsbo costing £1.51
Regular unleaded was £1.44 (i think)
So a current difference of 34p a litre (more than just what we should pay with raw inflation) isn't diabolical when we consider Covid + Putin etc.
At £2 a litre things start to get far more skewed. But by adjusting my travel times (where possible to avoid the worst traffic), driving style, making sure tyres are inflated correctly, removing cr4p i dont need from the car boot etc; all helps to offset (to some degree) a potential price hike.
Master Bean said:
Sell your car and buy a bicycle. Problem solved.
If only...Edited by Master Bean on Thursday 3rd March 14:59
Rising fuel prices affects everyone. All the food you eat was supplied to the shops in diesel lorries. Brought to the depo's by Diesel trains and shipped over here using Diesel ships. Even the most hard core lycra clad cyclist who has never touched a car is going to be affected as the cost of almost literally everything will go up.
Can't see the prices falling below £1:50 for the next couple of years. Also wouldn't put it past reality that we'll see £1:70 by the end of April.
Depends on madman Putin and how gas/oil are sanctioned. Even though Russian oil is $20 cheaper a barrel than elsewhere, people won't touch it.... and won't for the foreseeable.
EV charger point being fitted here next week with £600 in grants, much more luck than smug.
ETA... new car has 640 Nm torque, +/- 180 more than my 911 turbo S!
EV ain't all bad :0)
Depends on madman Putin and how gas/oil are sanctioned. Even though Russian oil is $20 cheaper a barrel than elsewhere, people won't touch it.... and won't for the foreseeable.
EV charger point being fitted here next week with £600 in grants, much more luck than smug.
ETA... new car has 640 Nm torque, +/- 180 more than my 911 turbo S!
EV ain't all bad :0)
Edited by GetCarter on Thursday 3rd March 17:25
2 sMoKiN bArReLs said:
ARHarh said:
. The prices soon dropped back after those peaks so whats to say they wont again.
Don't you get the sense that the World has changed? I get the feeling fuel will be over £2 a litre in the near future.They are talking about even further gas/electric bill price hikes by Oct as well......European wholesale gas prices hit a record high this morning.
sat1983 said:
I'm seriously starting to worry about the affordability of fuelling petrol cars.
Are our cars going to worth pennies soon? Is it another way of getting us into buying an electric car?
"Petrol prices- when does the madness end?"Are our cars going to worth pennies soon? Is it another way of getting us into buying an electric car?
Einstein is credited with a great quote about the scope for stupidity being infinite; it could be paraphrased to apply to Putin's madness...
But, I guess there is a limit to the madness of fuel prices - I suppose it would relate to the price of oil if Russia were excluded from global markets for oil and gas. That could make for prices a fair bit higher than they are today, but at least the capacity for increase isn't infinite like Putin's brain malfunction
The Moose said:
I’m just about to take delivery of my new daily. Dropping the 6.0L V8 395hp. Just couldn’t do it any more.
New one has 6.2L V8 702hp
Hats off to you Sir. A Ram TRX perchance?.New one has 6.2L V8 702hp
Running an Impreza as a daily is not doing my wallet any good, but it's that or the wife's Range Rover...
I'll stick to what I've got.
If oil doubled, that does not of course translate into a doubling of the price at the pump.
Every litre of petrol has about £0.58 duty and VAT at 20% is included in the price. If oil prices continue to rise, the Government may lower the duty as it will recover it with the VAT on the higher price
Therefore, it would require a very large increase in the price of oil, possibly doubling to around $200 per barrel before the prospect of a £2 per litre comes about
In 1973 the price of petrol went from 36p per gallon to 72p per gallon. Adjusted for inflation this in today's terms would be £4.59 doubling to £9.18 - so it was a great deal more in the 1970s than today.
To excuse the pun, this will only add fuel to the fire for the advancement of EV cars
Every litre of petrol has about £0.58 duty and VAT at 20% is included in the price. If oil prices continue to rise, the Government may lower the duty as it will recover it with the VAT on the higher price
Therefore, it would require a very large increase in the price of oil, possibly doubling to around $200 per barrel before the prospect of a £2 per litre comes about
In 1973 the price of petrol went from 36p per gallon to 72p per gallon. Adjusted for inflation this in today's terms would be £4.59 doubling to £9.18 - so it was a great deal more in the 1970s than today.
To excuse the pun, this will only add fuel to the fire for the advancement of EV cars
cossers said:
Muncher said:
Meh, I just bought a 5.5L V8 as a daily driver to go with the 4.5L V8 daily driver….
You should get another daily driver to go with the new daily driver that your bought to go with the old daily driver.
Anyway, I just filled up my daily driver (a 5ltr V8) with lots of supermarket unleaded at £1.46pl. Maybe some should shop around?
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