laserblazer Posted June 13, 2009 Posted June 13, 2009 What's going on. The pump price for unleaded seems to be rapidly escalating. It's gone up by 3p this week.
tech_guy Posted June 13, 2009 Posted June 13, 2009 Don't worry, it's just the oil companies and the government screwing us again...
EduTech Posted June 13, 2009 Posted June 13, 2009 Last week i remember going to a petrol station and seeing that desiel was the same price as unleaded!! now that dont normally happen..
AngryTechnician Posted June 13, 2009 Posted June 13, 2009 Oil price rise, we're at an 8-month high at the moment apparently, and, you know, any excuse to put petrol up: Brent Crude Oil Spot $/barrel http://newsvote.bbc.co.uk/nol/shared/fds/hi/business/market_data/chart?chart_primary_ticker=LSE:BRENT&chart_time_period=3_month&username=bbc&password=jihoj952&canvas_colour=000000&primary_chart_colour=cc0000&use_transparency=0&plot_colour=ffffff&margin_left=35&margin_bottom=20&margin_right=20&tiny_chart=1&tiny_month_view=1&logo_strength=light&y_axis_left=1&x_axis_plain=1&charting_freq=1_minute&co_dimension^width=629&co_dimension^height=190 Think I saw an alarmist Mirror headline earlier in the week saying it would go up to £1.12/l for unleaded. Not impossible I suppose but it was the Mirror and it also said it was already over £1/l, which it isn't near me. Luckily for me I'm starting a new job on the 22nd and my daily commute will go from 59 miles to less than 4.
IanT Posted June 13, 2009 Posted June 13, 2009 Yup, down the bottom of our road the price has gone from 95p to 103.1p - thats been within the last 2 weeks!
Dos_Box Posted June 13, 2009 Posted June 13, 2009 It is also coming to the summer holiday season. Petrol always rises in price during the summer 'driving' months.
laserblazer Posted June 13, 2009 Author Posted June 13, 2009 Don't worry, it's just the oil companies and the government screwing us again... Oh, that's ok then
DrPerceptron Posted June 13, 2009 Posted June 13, 2009 Oil companies? Petrol costs < 30p to make, 9p to deliver.... the rest is tax
john Posted June 13, 2009 Posted June 13, 2009 Last week i remember going to a petrol station and seeing that desiel was the same price as unleaded!! now that dont normally happen.. because that soooo effects you don't it Mr I don't drive hehe It is also coming to the summer holiday season. Petrol always rises in price during the summer 'driving' months. Yup I've noticed this as well, typical firms profiting out of summer holidays.
contink Posted June 13, 2009 Posted June 13, 2009 They've been putting it up slowly even when the petrol prices weren't rising again. Nobody noticed so they kept doing it... I doubt we'll ever go below £1 a litre by the end of 09. On the up side it is forcing people to think twice about driving cars that use fuel like it's free. On the down side this is going to kill inflation wise. Bad times ahead.
cookie_monster Posted June 14, 2009 Posted June 14, 2009 Oil pricing is controlled by a cartel, nuff said...oh and it's a finite resource that everyone wants a piece of, come on you've seen Mad Max
srochford Posted June 14, 2009 Posted June 14, 2009 Tax is obviously a huge part of the price paid at the pump but the increase in the price of crude oil is the main factor at the moment. A barrel of oil is about 160 litres so using the numbers posted by AngryTechnician shows that the basic price of oil has gone from $0.26 per litre to $0.45 per litre. In the same time, the exchange rate has also altered so in rough terms oil has gone from 18p to 27p a litre; the increase at the pumps is pretty much in line with this so it doesn't look like anything particularly weird is going on. As cookie_monster says, oil is a finite resource; there are arguments about how finite but it is going to run out. The sooner we can find a way of doing stuff without oil, the better our long term future!
torledo Posted June 14, 2009 Posted June 14, 2009 Tax is obviously a huge part of the price paid at the pump but the increase in the price of crude oil is the main factor at the moment. A barrel of oil is about 160 litres so using the numbers posted by AngryTechnician shows that the basic price of oil has gone from $0.26 per litre to $0.45 per litre. In the same time, the exchange rate has also altered so in rough terms oil has gone from 18p to 27p a litre; the increase at the pumps is pretty much in line with this so it doesn't look like anything particularly weird is going on. As cookie_monster says, oil is a finite resource; there are arguments about how finite but it is going to run out. The sooner we can find a way of doing stuff without oil, the better our long term future! there is an argument about ideas such as peak oil, and the finiteness, but those are question for many years down the line.... at the moment, the price of crude is, as always, speculation driven. And as you say reacting to the strength of the dollar, but again that's speculating and profiting from trading oil.
Batman Posted June 14, 2009 Posted June 14, 2009 Luckily for me I'm starting a new job on the 22nd and my daily commute will go from 59 miles to less than 4. Yep. If we all lived closer to where we work we'd ease congestion and reduce our need for oil. When you've got it down to four miles you could cycle it in 20 minutes and do some good to your health at the same time!
cookie_monster Posted June 14, 2009 Posted June 14, 2009 there is an argument about ideas such as peak oil, and the finiteness, but those are question for many years down the line.... Actually quite a few people believe that peak oil has already been reached, that doesn't mean it's about to run out it just means that from the available sources we'll never be able to get it out of the ground faster than now but demand is increasing so inevitably it will become more expensive. Jeremy Leggett has changed his oppinion of late he thought it would happen pre 2010 but now thinks more like 2015. Jeremy Leggett: Peak oil is just five years away, and we must start to plan now to avert a truly ruinous crisis | Comment is free | guardian.co.uk
torledo Posted June 15, 2009 Posted June 15, 2009 Actually quite a few people believe that peak oil has already been reached, that doesn't mean it's about to run out it just means that from the available sources we'll never be able to get it out of the ground faster than now but demand is increasing so inevitably it will become more expensive. Jeremy Leggett has changed his oppinion of late he thought it would happen pre 2010 but now thinks more like 2015. Jeremy Leggett: Peak oil is just five years away, and we must start to plan now to avert a truly ruinous crisis | Comment is free | guardian.co.uk energy demand is weak for now, presumably down to a recessionary economy. As the economy improves, demand picks up, and prices continue on the upward curve so the theory goes. But supply will be able to meet this demand to potentially keep prices in check. if prices are going up at the pumps, atleast it might be of consolation that natural gas prices are down and there is oversupply. electricity prices too are down as energy consumption has decreased.
torledo Posted June 15, 2009 Posted June 15, 2009 (edited) Funny how nobodys kicking up a fuss this time. that's because there mortgage and rent repayments are down......and there gas and electric bills are likely to go down this year. to kick up a fuss you need to be squeezed from all angles. It also helps that previous highs of 165 dollars a barrel is highly unlikely for the forseeable future. Well, it actually turns out that someone is kicking up a fuss.... http://www.guardian.co.uk/business/2009/jun/11/oil-job-losses Edited June 15, 2009 by torledo
featured_spectre Posted June 15, 2009 Posted June 15, 2009 My work is 3.7 miles away from where I live. I dont drive. My other halfs work is 22.6 miles from where I live. When she drives to work (or used too as she is now on maternity leave), She drove me into work as it was on the way, also on the way was a collegue of mine who we picked up and took to work also. Nowadays I cycle in most days (bus in if it is chucking it down). I do this because I want to get fit and dont want the mrs spending money on fuel when its not needed. In the last 7 days, prices have risen from 93p per litre petrol, and 95p per litre diesel to £1.03 each respectively. Just rediculous!
Joh619 Posted June 15, 2009 Posted June 15, 2009 I'm so glad I only have to fill my car up once a month! Though I am tempted to just get rid of it alltogether and just bike in.
dwimorberg Posted June 15, 2009 Posted June 15, 2009 Heh it's £1.08 for unleaded here, £1.06 for diesel. Fuel prices here haven't been below £1 a litre for months; when the prices dropped again after being *really* high (£1.34/L for diesel) they didn't go very far. I've been contemplating cycling into work a few days a week but it's 11 miles each way of mostly uphill (both ways!!) and I just can't seem to find the enthusiasm I'm an environmentally conscious person but having a car for 9 years has made me really lazy! Before that I used to cycle everywhere or get the bus if it was a long journey. I think we need to plough profits from oil into resarch into other energy sources to depend on before the oil runs out, something non-polluting and easy to make. Hydrogen fuel cells anyone?
DrPerceptron Posted June 15, 2009 Posted June 15, 2009 Free UK fuel prices. 9,649 petrol stations covered - PetrolPrices.com problem solved - even though all my major stations are on the motorway, none of them are over 105p - even for Super Unleaded.
PeterW Posted June 15, 2009 Posted June 15, 2009 Paying 100.9p for diesel at the moment (supermarket though probably watered down lol), I'm so glad I do 110 miles a day
Batman Posted June 15, 2009 Posted June 15, 2009 I think we need to plough profits from oil into resarch into other energy sources to depend on before the oil runs out, something non-polluting and easy to make. Hydrogen fuel cells anyone? Or maybe that thinking is flawed? It's the thinking that says "I'm not going to change, it's up to someone else to make the technology better". Plenty of us could change our habits, even our homes or workplaces if we wanted to and then we wouldn't even need the technology to improve.
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