Petrol under ?1 a litre.

[JonB]

https://news.bbc.co.uk/1/hi/business/7672069.stm

Nice.
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Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth.

[hellkat]

About fuckin time, the cunts.
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Not nearly as interesting in real life.

[map]

FWIW thread exists here.
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...and the whirlwind is in the thorn trees, it's hard for thee to kick against the pricks...
Gibbs, what did Duckie look like when he was younger?

[hellkat]

I thought it was going doolally there for a minute.
I KNEW there was another one cos I was in the middle of typing a rant about it ... thought this silly system at work had lost it - and then found it again

*blush*
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[ms51ves3]

It's gone down by 20p in the last few months.

[Wafer_Thin_Ham]

And the sheep of this country seem to think it's cheap at the moment and are panic buying, way to go.

It's still expensive.
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[colin1]

[ms51ves3]

[MarkJ]

[hellkat]

[JonB]

Errr, 50p of our fuel is tax about 10p goes to the retailer and maintenance, so how can they halve the price of petrol in correlation with oil prices when nearly half of the price goes to the g'ment or the petrol station itself?

Also the pound has weakened a lot over the past couple of months.
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Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth.

[hellkat]

In fact, I feel one of my very rare signature changes coming on ...
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Not nearly as interesting in real life.

[Shaun]

[.Chris.]

[hellkat]

[Kickstart]

Hi

Bit of rough calculation.

Say Oil was $80 a barrel at £1 = $2 and petrol was 90p a litre, of with 50.035p is duty and then there is VAT. So the non tax part of a litre of fuel was 0.26246p.

Oil is now $80 a barrel at £1 = $1.75. So the untaxed part has gone up by (2 / 1.75), to 0.29995p a litre, which would make the price including tax 94.4p a litre.

So prices are still high even including the change in the exchange rate (and the pound is still worth more against the dollar than it was in 2003).

All the best

Keith
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Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing

[Charlie]

The drop in the price of oil will take quite a bit of time to filter down to the petrol prices, at which point the government will no doubt increase tax a bit more.
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Past: Honda x8rs, Honda City fly, Honda Hornet 250, Honda VFR750, Yamaha xt600e.
Current: Honda CBR929RR & Yamaha XT660Z Tenere

[Keir]

[JonB]

Talking of Fuel tax rises, is the budget not due soon?
____________________
Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth.

[JonB]

Oil prices have dropped again today.

US Light Crude is at $72 a barrel.

North Sea Brent Crude is at $68 a barrel.
____________________
Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth.

[JonB]

Looks like we have not hit the bottom yet either. Some analysts reckon we could go as low as $20 a barrel.

https://money.cnn.com/2008/10/10/news/economy/oil_prices/index.htm?postversion=2008101013

Suddenly running a car that does an average of 60MPG is going to cost naff all to run.
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Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth.

[Kickstart]

[Charlie]

Well what I said about drops in oil prices taking a while to filter down to petrol prices could be bollocks:

https://www.google.com/trends?q=oil+price%2C+petrol+price&ctab=0&geo=GB&geor=all&date=mtd&sort=0

Although I don't know google gets it figures from.
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Past: Honda x8rs, Honda City fly, Honda Hornet 250, Honda VFR750, Yamaha xt600e.
Current: Honda CBR929RR & Yamaha XT660Z Tenere

[Scotch Bonnet]

[Itchy]

Well I suppose then my hyperinflation theories are sort of blunted though...


Unfortunately this means we get hit by deflation instead , which is just as bad, though 2nd hand bikes will be VERY cheap , and mortgages will effectively increase (rather than decrease from inflation).
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