Petrol Price

[Londonscottish]

The markets are jittery in the short term what with all the unrest in Arab nations. If it all calms down (and the Gulf States don't go under....) the market will correct and prices will fall again. More so if the various states increase production to bring in more $$;s and address some of the poverty issues they face.

Having said that I'm glad I live in London and therefore am not obliged to drive tens of thousands of miles every year just to put bread on the table. That would hurt.

 

[E CLASS]

I'll guess at £7.40 a gallon come 20 August 2011.

 

[Scott_F]

In real terms petrol is cheaper now than it was 35 years ago.

I'm not sure about that.

Average wage in 1976 was £3740. Multiply it by 6.7 to get to £25000 which is said to be today's averge wage.

On the other hand petrol was 76p a gallon and you need a multiple of 7.7 to arrive at £5.85 (1.29 a litre).

 

[EdmundIJones]

Here's a thought, for people with be engine cars, why not invest in barrels of oil, that way, when you drive along using petrol you are safe in the knowledge you are increasing the value of your retirement plan!

When somebody pointed out that the only people who want a T6 are ones looking for ones on the cheap, thats me! I see no need to buy expensive cheap cars (e.g. Ford Fiesta) I'd rather by a cheap premium car for a lot less and enjoy it.

 

[renault12ts]

In 1976 it cost £7.60 to put 10 gallons into my 1300cc car. I could then drive 300 miles.

To-day, it costs £60 to put 10 gallons in my 3200cc car, and I can drive 450 miles.

The tax rate was 35% in 1976.

Ignoring allowances, the net pay was £2431 in 1976, as opposed to a net today of £20,000. That's a multiplier of 8.23. And that's assuming your figure for today's ave earning is correct.

So, if you then factor in the greater MPG achieved by modern cars (of whatever size), then, as I said, the real cost of fuelling your car is cheaper than it was 35 years ago.

A 1300cc car today will get 60mpg, so the real cost compared to 1976 is £3 per gallon for the equivalent engine. So the fuel cost has risen 4 fold, but net income has risen 8.23 fold.

 

[verytalldave]

When has petrol ever gone down in price?!

It did a few years back.
Dropped from about 105p a litre to just below a pound.

Mind you it did go back up again a few months later, so it was only a blip.

 

[gtvlusso]

Cycle to work, wife cycles to work when she is not dropping kids at nursery - car only used for weekends and pizza collection.....

Only way to beat it, is to minimise vehicle usage - Unfortunately, for a great many people it is simply not viable to cycle or use public transport.....

right, bags packed, I am going to canada to live as a lumberjack

 

[Londonscottish]

Cycle to work, wife cycles to work when she is not dropping kids at nursery - car only used for weekends and pizza collection.....

Only way to beat it, is to minimise vehicle usage - Unfortunately, for a great many people it is simply not viable to cycle or use public transport.....

right, bags packed, I am going to canada to live as a lumberjack

Or just move to London. I cycle to work (unless I fancy a run at lunchtime in which case I might drive). The kids cycle or scooter to school unless it's REALLY tipping it down. My wife uses her bike loads. I use tubes and trains to see clients, only take a taxi in London if in a mad rush. Bus and tube to take my boy to the football. 5.0 V8 saved for family trips round town and out of town. Before London I was in Edinburgh where you can do most things on foot or on public transport. I love city living and I love cars - just for different reasons.

 

[A210AMG]

^ As above we are lucky

I walk to work unless the two days I drop the spoggs off and even then its close.

Then we changed our petrol cars for diesal ones and straight away get almost double the mpg...

Dread to think my brothers fuel bill as he does 60K miles a year !!!

Sound like soon the only people driving big v8 / v12s etc will be those that do very few miles or a third car.

Who ever you are how ever rich people seem to be filling the car up people seem to moan.... when this gets close to £200 a tank on a big car that's going to hurt.

Even have a knock on effect for companies as they either choose more fuel efficient cars or start making people work from home.

 

[renault12ts]

Or just move to London. I cycle to work (unless I fancy a run at lunchtime in which case I might drive). The kids cycle or scooter to school unless it's REALLY tipping it down. My wife uses her bike loads. I use tubes and trains to see clients, only take a taxi in London if in a mad rush. Bus and tube to take my boy to the football. 5.0 V8 saved for family trips round town and out of town. Before London I was in Edinburgh where you can do most things on foot or on public transport. I love city living and I love cars - just for different reasons.

I suspect the differential in house prices may outweigh the saving in fuel costs for the car.

 

[bpsorrel]

So glad I work from home! At these prices I'd find it hard to do the mileages I used to do a few years ago. I've also cut down my client visits to the minimum actually without any loss of contact now as I've got them to discuss things with me on Skype! Seems one has to be creative these days!

 

[Blue 55]

I said I would give up smoking when it hit £1 a pack nope !

As long as I can afford it the V8 will rumble ."The cost of doing business" one has to factor it in .

 

[Scott_F]

In 1976 it cost £7.60 to put 10 gallons into my 1300cc car. I could then drive 300 miles.

To-day, it costs £60 to put 10 gallons in my 3200cc car, and I can drive 450 miles.

The tax rate was 35% in 1976.

Ignoring allowances, the net pay was £2431 in 1976, as opposed to a net today of £20,000. That's a multiplier of 8.23. And that's assuming your figure for today's ave earning is correct.

So, if you then factor in the greater MPG achieved by modern cars (of whatever size), then, as I said, the real cost of fuelling your car is cheaper than it was 35 years ago.

A 1300cc car today will get 60mpg, so the real cost compared to 1976 is £3 per gallon for the equivalent engine. So the fuel cost has risen 4 fold, but net income has risen 8.23 fold.

You can't really ignore allowances though - they have a big effect on the sums involved.

And the fact that modern cars are more economical doesn't make petrol cheaper in real terms which was what you originally suggested. It just means that when you've forked out for it at the pump then it will get you further.

Very few 1300cc cars will get near to 60mpg in the real world regardless of what manufacturers like to tell us. I regularly use a 1400cc car which returns about 45mpg on a long run but far less on urban roads.

 

[MercMan1]

Electric car anyone??

 

[MercMan1]

Ok...I know no-one really wants an Electric car..especially one from Belgium and looks retro...or do they...check this out...

Article: Imperia GP is Hybrid, Retro and Belgian All At Once

Direct to pics: http://www.luxist.com/photos/imperia-gp-4/3904358/

I actually like it!

 

[renault12ts]

You can't really ignore allowances though - they have a big effect on the sums involved.

And the fact that modern cars are more economical doesn't make petrol cheaper in real terms which was what you originally suggested. It just means that when you've forked out for it at the pump then it will get you further.

Very few 1300cc cars will get near to 60mpg in the real world regardless of what manufacturers like to tell us. I regularly use a 1400cc car which returns about 45mpg on a long run but far less on urban roads.

All i'M SAYING, IN THE SIMPLEST POSSIBLE TERMS,IS FOR SPENDING THE SAME PROPORTION OF YOUR DISPOSABLE INCOME, YOU WILL TRAVEL FURTHER TODAY THAN IN 1976 (SORRY FOR THE CAPS). Does this not mean that in real terms fuel is cheaper?

 

[flango]

Massive crude rise today to $99 / barrel for WTI crude, $150 / barrel on the cards for summer if Middle East situation doesn't ease. Buy forward pricing already at $114 / barrel. It's going to be a tough year for us V8 owners

 

[finisterre]

Can't you just nip the fuel lines to four of the cylinders?

In fact why do they even consider using all eight, six, or four when two will keep you pottering along?

 

[flango]

Can't you just nip the fuel lines to four of the cylinders?

In fact why do they even consider using all eight, six, or four when two will keep you pottering along?

That's what they do the V8's on a motorway cruise alternate the cylinders so it only runs as a 4 pot to save fuel

 

[KillerHERTZ]

Police ordered to track down cheapest petrol

Cambridge News - Police ordered to track down cheapest petrol