Fuel Prices

[moonraker558]

With half a tank of fuel in my car I decided to fill it up as I was near the cheapest garage in our area, What a shock when I thought it would cost about £30 but it came to £44. Where will it all end. We are all doomed. The powers that be wont be happy until we are all back living in mud huts and driving a horse and cart. Thats my rant for the day.

[WELSHYORKIE]

And don't forget the horse sh!t goes on your roses and rhubarb!!

[Old_Geezer]

Whilst obviously true, it's hardly new. I'm going into the mud & straw business in a big way. Psst, want anything for your roses ?

[moonraker558]

They will probably tax that too.

[gina32]

i went to sainsburys garage for petrol today and it had actually gone down, albeit only by 1pence but down all the same

[dotty.]

I've just paid 124.5 a litre which is better than the 128.5 they charge in St Annes. I've just had a conversation with my son about how quickly things have become quite tight money wise, he agreed, he says he's paying even more for his lager. : (

[moonraker558]

Beer over £3 a pint. sigh

[tiggerblue10]

Its 129 for petrol and 138 for diesel down my way.

[stewey]

And we in the Toronto area are crying about it being over a dollar a litre. Right now it's $1.13: that's 71 pence. I guess we're lucky.

[tiggerblue10]

Depends on the cost of living and what the Canadian dollar is against sterling stewey. It probably is quite high.

[Dagman]

Broken Britain I'm afraid! Where is all our money going? what is this 'deficit' anyways? whose fault is it?

[karenmac60]

I just stuck £5 worth in the car today and it wasn't even enough to put the petrol light off!

[DTCwordfan]

Fish and chips up here from £4.80 to £5.25 in Truro; thats over a 9% rise since two weeks ago. Mind you the fish is really superb - the shop is in middle of a council estate and not down town......

[dotty.]

£5 worth here is 3.97 litres which isn't even a gallon : (

[sherrardk]

My husband filled my car the other day and it cost over £90. I can get a weeks shopping for that.

[DTCwordfan]

What has been causing the spike has been the tightness of the crude market. Firstly, we have had a very cold winter so far (did you see that picture of Norway's highest waterfall frozen over, all 650 feet or so of it); Russia has temperatures in Siberia down to -45C and the States has been enjoying the other side of our jet-stream ice blast - now major winter storms have been battering the east coast. This all leads to extra call on diesel and hence crude. The refiners can play some chemistry to up the diesel amount out of a barrel in winter and then make more gasoline (petrol) in summer.

On top of this the Alaskan pipeline has been down. That has taken pover 1/2 million barrels a day off the market and the States has been actively buying on the trading markets - so there's the cause of the recent spike. And the market is very sensitive to such 'incidents' when demand and supply are so tight. It is also truly a global market and if the base prices of crude and oil products are adrift geographically, then you will rapidly see trading and ship movement to profit on moving from the lower priced area to the higher one, or what is known as arbitrage in the market.

[moonraker558]

That will be it then, I feel better now I know. NOT.

[JonnyBoy12]

Beer over 3 quid a pint? Where do you live, moonraker? I can not agree with you more about this fuel cost. What is the cost of LPG fuel where you all are; is that much cheaper than petrol?