Petrol prices

[pluggers]

Just a quick heads up.I filled up today 93.9 a litre and was told by a helpfull sales assistant (a fellow merc owner) that petrol was going to go up tonight and will go up twice next week to push the price to over £1 a litre so get those tanks filled everyone.

 

[grasmere]

thanks for the info pluggers but . . . .

WHY is it going up again and again - unbelievable

 

[mobeyone]

and nothing being done about it...

 

[Dieter]

Hi,

I filled up at 97.9 (Sainsbury's diesel) but, fortunately, I had £75 worth of Nectar coupons .

Petrol prices always seem to peak when we're off to Scotland

Cheers,

 

[Subyland]

It s quite funny (not!!!) how petrol prices increase very quickly after market prices but when they go down it there is always stock bought at the "old" price that need to be sold first...

 

[SG CL500]

already 98p in cambridge and has been for some time

 

[Rumble]

was almost down to the warning light this morning as i passed the petrol station 90.9p but wanted to get to work so thought i'd fill up on the way home, come hometiime its up to 92.9!

£1 a litre its awful, I started my current job two years ago and it was about 67p a litre iirc, that makes it a 50% increase, wish my pay went up that much every two years! Think its time to buy some oil stocks!!!!!!!!!! Lets see buy them at $75 a barrel and sell them when they hit $100 (expected within a few years) thats a 33% return!

 

[KillerHERTZ]

Its been 96.5p here for the past month, hasnt been below 90p for the past year



I remember reading that if the petrol companies gave the petrol away for free, we would still pay more than the rest of Europe due to our tax on it?


Any truth in this? wouldnt suprise me...

 

[Rose Chap]

99.9 pence per litre for Optimax in Wokingham.

Standard Highway robbery from Brown.

 

[com]

Filled up at 95.9 at the local Tesco's, got into Chelsea/Victoria and it was 90.9

 

[pluggers]

I went past the same petrol station this morning and its gone up 1p a litre from yesterday.

 

[richard]

thanks for the info pluggers but . . . .

WHY is it going up again and again - unbelievable

The current rises are not to do with the fact that crude hit $75 a barrel (yesterday) - I think those rises takes weeks to come through, and I would expect it gets smoothed because of the delay (i.e. look at the rolling average price over a few weeks, not the individual peaks or troughs)
- Crude (and other commodities) prices rises because of perception of future supply trouble - theres a perception that the likelyhood of conflict in Iran is increasing, theres gangs damaging supply in Nigeria etc).

This current raise is caused by a lack of supply for the demand. Easter holidays just finished (everyone is back on the road) and the USA "driving" season is just starting.

I dont know the exact level of taxation, and whether its a fixed '75 pence' a litre, or a '300% of the untaxed price. Its probably a mix - i.e 50p + 17.5% VAT - I think the net effect is somewhere between 65 and 75% at current prices though.

Now, as crude price rises, and as petrol price rises, our friend Gordon gets a double present - more money for north sea oil, and more VAT on retail - so there certainly would be room for flexibility if he wanted. But he doesnt, the treasury needs everything it can get/spend.

R

 

[PJH]

A Gulf garage on the A120 was selling at £1.02 two weeks ago, but then dropped to 99.8 last week.

 

[TKB13]

Prices WILL rise in the next few days. As Richard says, the US holiday season is just beginning, and the surging Chinese and other Asian economies is increasing the demand.

 

[mobeyone]

Just filled up - 93.9 but the pumps were dry.

Most are now or rather taking advantage and selling at over 96.9p.

Nothing to do with the end of the tax year? nice little cash collection to get the profits into the next billion!

 

[saorbust]

Diesel Ultimate yesterday - 104.9
Unleaded Ultimate - 103.9
Unleaded - 96.9
Diesel - 99.9

And its going up....

 

[pluggers]

Had a shock tonight just got back in after passing morrissons and their petrol has gone down to 92.9p a litre :bannana: how long it will last is anyones guess tho.

 

[sym]

100.9 for diesel today ... not even on the motorway ... 'services' off the A34 in Oxfordshire. Outrageous ! Good job my fuel consumption is as low as it's likely to get for now !

S.

 

[jimmy]

Left home this morning and at BP Kettering, Diesel was 98.9, went shopping at Milton Keynes and on the way in there was a BP garage with Diesel at 97.9, when we left for home I noticed we had a range of 40 miles left in the tank. Went home a slightly different way and there was a Shell garage at 93.9 so I filled up! A local Shell garage 4 miles from home was 92.9p!!

 

[BIG Sean]

http://www.petrolprices.com/

Try this it works - and it's VERY good, you can also tweak it suit yourself if you register