Petrol Prices

[Keet]

What's happening with the cost of petrol? Just paid £1.317 per litre of Asda's finest! That's £5.99 a gallon!

On the other hand at about it's a hell of a lot cheaper than beer at £4.50 a pint!

 

[abh29]

Last August , September and October I was regularly paying £1.229 per litre yesterday I paid £1.459 per litre for Shell VPower nearly 20% increase.

 

[Toby]

Production cuts agreed last year during lockdowns, by the producing countries. They have agreed to increase quotas but wont filter through for a while yet.

Cynical me thinks the Arabs want to get their pound of flesh before we all turn electric, and reduce their revenue stream - as they are diversfiying their wealth.

It was only last Spring summer with reduced demand we were at .99 a litre - but then there was a surplus in supply, and noone could go anywhere.

 

[AleNod]

I do wonder about prices of liquids sometimes . . .

Pay expensive surveyors to trek into the middle of a desert somewhere (North Sea, wherever, I dont mind). Then pay to erect stonking great expensive petro-chemical plants and man them with skilled workers in remote inhospitable locations. Extract the liquid you want, pipe it hundreds of miles to shipping terminals. Load it on big expensive tankers, ship it a third of the way around the world. Probably refine it a bit further in another expensive UK plant. Load it onto fleets of expensive tankers and transport it to local service stations that also has to be built, paid for and manned.

And all that chain of infrastructure and employment paid for by £1.30 a litre of this precious liquid. And dont even start me on the government trippling the 'true' cost with their taxes (vat and duty).

But compare that price to a litre of milk, coke or beer . . .

I sometimes dont get it. Capitalism I suppose . . . No wonder people like bottling water these days . . .

 

[Keet]

I do wonder about prices of liquids sometimes . . .

Pay expensive surveyors to trek into the middle of a desert somewhere (North Sea, wherever, I dont mind). Then pay to erect stonking great expensive petro-chemical plants and man them with skilled workers in remote inhospitable locations. Extract the liquid you want, pipe it hundreds of miles to shipping terminals. Load it on big expensive tankers, ship it a third of the way around the world. Probably refine it a bit further in another expensive UK plant. Load it onto fleets of expensive tankers and transport it to local service stations that also has to be built, paid for and manned.

And all that chain of infrastructure and employment paid for by £1.30 a litre of this precious liquid. And dont even start me on the government trippling the 'true' cost with their taxes (vat and duty).

But compare that price to a litre of milk, coke or beer . . .

I sometimes dont get it. Capitalism I suppose . . . No wonder people like bottling water these days . . .

When you put it like that, I suppose it's not that expensive after all!

 

[abh29]

When we have to all be using electric , it will be in very short supply (if available) What price will it be and HMG (of whatever party) will be looking to get the cash it’s lost due to low petrol sales

 

[t-tony]

Yeah, and how will they add 10% ethanol to Electricity?

Tony.

 

[Rha]

One way to slow the sales of electric cars and boost petrol sales I would have thought is to make it cheaper. We still got the infrastructure for combustion engine runnng so why make it so easy for the slow infrastructure of electric. The mind boggles.