Oil Prices.

[steward 433]

Saw 129.9 for diesel in Brizz today.

:thud:

 

[who me?]

Oh great so for Diesel in my car it's gonna be at least £1.25 now

well you folks wanted rid of that nasty saddam hussein


how do you expect the government to pay for all that ammo without tonking the petrol tax.

i mean last year some squaddie(and i mean no disrespect to him or other working class soldiers) won an award for saving his pals,whilst wounded,from an attack by 50 taliban in afghanistan by firing (approx figures but the volume of over 7,200 rounds is accurate)4000 light machine gun and 3200 heavy machine gun AND 3 anti-tank rounds


he didn't actually kill any of the taliban but the unprecedented ferocity of his firepower kept the enemy at bay and saved his and his comrades safe.

i dont begrudge him his life or certainly the amount of ammunition he needed to preserve it.

but how much did this solo attempt to destroy the ozone layer cost

 

[acrossthepond]

But at what point do people get out of their cars and onto the bus?

Gas is about $4 per US gallon (3.8 litres) here at the moment, and people are screaming about it.

It's $10 a gallon (more or less) in the UK, but consumption has not significantly fallen.

 

[who me?]

the fuel blocade was a political guesture with(and only possible due to the full compliance of)the oil companies to bring blairs government in line with the market.

it only succeded because the oil companies were driving it and chose not to send supplies out of the oli depots


a shot fired across the bows of the government not to interfere with the market

 

[barney]

i believe 65% of the cost is taxation. 47.5% on top of VAT. disgraceful

 

[who me?]

But at what point do people get out of their cars and onto the bus?

Gas is about $4 per US gallon (3.8 litres) here at the moment, and people are screaming about it.

It's $10 a gallon (more or less) in the UK, but consumption has not significantly fallen.

we expect to get ripped off

it's what brits do

 

[Gaffer's Banana Hammock]

just paid 111.9p per litre at sainsburys West Hove

last week it was 108.9!!!

My God

I'm never filling up there again.

 

[dougdeep]

But at what point do people get out of their cars and onto the bus?

Bus prices are up next month too.

 

[surrey jim]

Yep only buy petrol/diesel from Asda' Tesco and sainsburys and the big 3 will have to drop their prices to compete

nope that wern't the one, it was a guy who was trying to start up a loyalty credit card thingy so people got bulk buying economies of scale. - jus trying to find in my inbox if i have any remaining

 

[Nibble]

The reason, the only reason fuel prices increase is because people are willing to pay for it because they can't figure out a way to live without a car. It is entry level economics.

 

[Djmiles]

Getting a joke.

I started learning to drive about 3 and a half years ago, where the prices were 80p or so.

Today I walk past Shell in Aberystwyth and look at disgust at the £1.17 for a litre of unleaded which works out at about a 50% increase in 3/4 years. Shocking.

 

[Man of Harveys]

Yes that is the right answer its mostly down to hedge funds going long on oil.
but eventually this buble will burst [they all do]

Sadly, no it won't. These mystery "speculators" are always blamed by the non-specialist press for high oil prices, but it's always basically drivel - you can't squeeze anything other than an already-tight market. The high prices are simply driven (pun intended) by Chinese oil demand going up by around 10-12% a year, as well as industrialisation in India and Brazil, while Opec has been unable to increase production to match that, leading many to suspect that the spare capacity really isn't there in, say, Saudi. I may be wrong but I'd say get used to it - it's a finite resource that we're all burning.

My old boss bought his oil reporting team lunch last month after confidently having predicted that crude prices wouldn't go through $100/bbl. He's kept his mouth shut about $200/bbl.

 

[looney]

Sadly, no it won't. These mystery "speculators" are always blamed by the non-specialist press for high oil prices, but it's always basically drivel - you can't squeeze anything other than an already-tight market. The high prices are simply driven (pun intended) by Chinese oil demand going up by around 10-12% a year, as well as industrialisation in India and Brazil, while Opec has been unable to increase production to match that, leading many to suspect that the spare capacity really isn't there in, say, Saudi. I may be wrong but I'd say get used to it - it's a finite resource that we're all burning.

This is the closest to being correct.

You could add that in the longterm their is really crap investment in alternatives.

f*** windfarms and nuclear Fission, they are inefficiant and costly. Investment should be towards Geothermal, Hydroelectric and more efficiant fuel cell technology.

also Developement of abiotic oil.

 

[Cian]

nope that wern't the one, it was a guy who was trying to start up a loyalty credit card thingy so people got bulk buying economies of scale. - jus trying to find in my inbox if i have any remaining

Pipeline - Welcome to Pipeline Card!

For some reason he's failed entirely to date despite the fact that in a significantly smaller country (Ireland) there is such a scheme - motorcard.ie . Saves me about a fiver a month on fuel as well as giving me until the 12th of the next month to pay for it - Halifax high interest current account means that saves me a quid or two too...

 

[Man of Harveys]

There is no way that growing stuff in fields, or bigger batteries or whatever can ever easily replace even a minor amount of the 87 MILLION barrels of oil products that the world consumes every day (a quarter of that in America). Any solution (to call it that) to energy supply imbalance has to come from the demand, not the supply side. It'll have to be simply about consuming less oil, there's no real alternative to that.

For example, I was reading somewhere that if you managed to take all of the used vegetable oil in the US (so the perfect scenario, from all fast food restaurants, food processing plants etc) and managed to recycle it to put it to automotive use, you'd only ever impact upon about 1% of the current automotive petroleum demand, so literally a drop in the ocean.

 

[Nibble]

There is no way that growing stuff in fields, or bigger batteries or whatever can ever easily replace even a minor amount of the 87 MILLION barrels of oil products that the world consumes every day (a quarter of that in America). Any solution (to call it that) to energy supply imbalance has to come from the demand, not the supply side. It'll have to be simply about consuming less oil, there's no real alternative to that.

For example, I was reading somewhere that if you managed to take all of the used vegetable oil in the US (so the perfect scenario, from all fast food restaurants, food processing plants etc) and managed to recycle it to put it to automotive use, you'd only ever impact upon about 1% of the current automotive petroleum demand, so literally a drop in the ocean.

Some are of the school of thought that it has all gone too far and there is no reversing the damage done and that we all just have to learn to adapt. This is especially true of finite resources such as oil.

 

[Nemesis]

Yep only buy petrol/diesel from Asda' Tesco and sainsburys and the big 3 will have to drop their prices to compete

Where do you think the supermarkets get their fuels from?

Also, there is now very little between supermarket fuel prices and 'brand name' fuels. Factor in a poorer quality fuel delivering poorer fuel economy and you're worse off. Peugeot even issued an internal technical bulletin about City Diesel-saying that if it can be proven that the owner used that fuel the high pressure fuel pump was not covered under warranty because of the poor lubricity of city diesel.

 

[Alex Alex Dawson oo! oo!]

Where do you think the supermarkets get their fuels from?

Also, there is now very little between supermarket fuel prices and 'brand name' fuels. Factor in a poorer quality fuel delivering poorer fuel economy and you're worse off. Peugeot even issued an internal technical bulletin about City Diesel-saying that if it can be proven that the owner used that fuel the high pressure fuel pump was not covered under warranty because of the poor lubricity of city diesel.

I get approx 4mpg less from supermarket diesel and my Golf TDI doesn't run smoothly either. Wife stopped using supermarket unleaded after the Tesco fiasco last year (ie diesel additives in U/L) caused about £2K damage to her Saab.
The supermarkets provide a lower grade of product and, unlike Exon (Esso), BP & Shell, they have no batch control over the end product they sell.

 

[portslade seagull]

But at what point do people get out of their cars and onto the bus?

Gas is about $4 per US gallon (3.8 litres) here at the moment, and people are screaming about it.

It's $10 a gallon (more or less) in the UK, but consumption has not significantly fallen.

I think people would rather starve than give up their cars.....almost the same as the cigarette prices..peeps still smoke and pay high prices and save money on other things

 

[Alan Gilliver]

Wikipedia says that the tax on fuel is fixed at 57p per litre, the highest in Europe

So if the price of fuel is for example £1.00 per litre the rough split is:

.20 Oil company
.08 Petrol station
.57 Fuel duty
.15 VAT

For every 1p per litre the price goes up the government coin in an extra 0.175 p per litre

It's gone up 25p a litre in the last three months - so for every litre we put in the tank the government gains an EXTRA 4.37 pence more than three months ago

No wonder they can afford to try and buy the by election - I suspect it is small change...