Fuel Prices falling?

[Welly]

Very impressive Sir an interesting relationship between the prices, so we know if this latest price drop is staying a while?

[steve_earwig]

I dunno, is there another budget due?

It be nice if they were using all the tax to fund investments in renewable energy. Sadly, that's the last place it's ending up - I think we all know where it's really going

[Doggy]

Apparently "renewable" can now be a euphemism for nuclear. Be cafeful what you wish for.

The other inevitable consequence of falling oil prices is a reduction in tax income since VAT is charged on the wholesale price
+ fuel duty, guess what's next? - Here's a clue:

However, due to the economic downturn, a 'Fair fuel duty stabiliser' was introduced in 2011 to control fuel costs by avoiding automatic increases in fuel duty as long as oil prices remain high, with any increase only permitted when, and if, oil prices fall.

[Welly]

Oh great

Remember when fuel prices rocketed in 2011/12 and all the supermarkets put up the price of food? you don't see them reducing the price now that the cost of ferrying the stuff around the country has fallen

Mrs Welly works for Sainsbury's and does most of the food shopping in Aldi now Aldi's food is very nice and the Wines......Mmmmm

In my opinion the UK supermarkets have shot themselves in the foot; unfair rates to Milk Producers, alleged Price fixing and building profit to dish out to the Chairman and shareholders I think most of us get pissed off feeling we're being ripped off at the tills. I like Aldi and Lidl's ethos in the UK, bloody good luck to them I say and lets watch all the big boys come scrounging back cap-in-hand when it's all too late.

[rwb]

Aldi and Lidl really aren't the underdogs. Both of them turn over more than Sainsburys and each has about nine times as many stores -- half as many again as Tesco.

I've noticed that my car goes faster on this cheap diesel

[steve_earwig]

Apparently "renewable" can now be a euphemism for nuclear. Be cafeful what you wish for.

But newkler's safe now, everybody says so!

I didn't know we could grow uranium *wanders off to buy a greenhouse*

I suppose it's sort of the same thing as solar, wind, wave etc. as that's based on a huge reactor reactor, one that one day will also run out.Nobody would want to live next door to it either...

[PeterN]

Many years ago I used to have a road diesel tank and pump here, if I sold a recon colour TV I could fill it up on the proceeds, they wouldn't fill the car tank now. Mind you that was in the '70s. When the fuel got to dear and TVs to cheap I had to abandon it. The only upside was that a couple of years ago I dragged the decaying petrol pump out of the hedge and sold it on ebay for £300 pounds.

When I started driving petrol was 4/6d a gallon.

Peter

[steve_earwig]

I can't remember much of anything before decimalisation (apart from the adverts) but I can remember my mum driving our Hillman Imp (LUF 702F) into Marshfield's garage along Sewardstone road and asking the old boy on the pumps there for "a pound's worth" which would last her all week driving us back and forth to school, shopping etc.

[PeterN]

Yep, that's right, you could get 4 to 5 gallons for a pound in the '50s. Mind you my wages were only £5.00 per week so in relative terms a weeks wages would buy a lot more than that now, which is probably why there were so few cars on the road, practically the only teenagers you would see with their own car were TV engineers. I was driving a 1939 Ford Prefect.

Peter

[benczuk]

I've noticed that my car goes faster on this cheap diesel

=))

[Doggy]

I've noticed that my car goes faster on this cheap diesel

=))

Mine too.

I used to fill up the 7-gallon tank on my HA Viva on the way home when I was a 17 year-old apprentice and get change from £2.00.
33p / gallon in 1972, but to put it in context, my take-home pay was £9.00/week and I had to give my mum £4.00 of that.

[Welly]

Still dropping....

Unleaded 103.60
Super Unleaded 107.60
Dirty Diesel 107.60?

*starts looking at V8's

[Rolebama]

From the late 70s into the early 80s petrol sat at 99.9p per gallon for years. This was because the USA subsidized the cost to screw with Russia's economy, as part of the Cold War. After this period, petrol went up to 150p per gallon very quickly, and has been going up ever since. I have been told that the same thing is happening now. That Russia has upset USA, and this is their way of getting even. i think it will shoot up to 150p a litre in the near future, and carry on climbing.
FWIW, in 1967 my take-home pay would buy 40-50gallons of petrol a week, in 1980 around 120 -160, and in 1990 around 120-140. How much would you need to do that today. The Govt say that I only need enough money nowadays to buy around 50.
It doesn't only work with petrol prices, but a loaf of bread, half dozen eggs, a Mars bar or a pint of milk. I don't believe that inflation is to blame for today's living costs, it is that incomes have dropped significantly.

[Welly]

I had a significant pay rise in 2009 which made me buy (finance) the what-was-then a fairly new Volvo......my pay has not changed since then and I'm now back to square one and unable to buy anything else in the same way, I'm not complaining but it has shown me how quickly you can get left behind just in 5 years. I think my living (surviving) expenses have risen by £250.00 per month in the last 5 years.

I believe the additional squeeze on incomes came about during the recession and will likely stay around until all the 'Fat Cats' have filled themselves up again......like never.

[Welly]

Russia has upset USA, and this is their way of getting even

I don't tend to follow the news too much but I kinda got the impression that recently USA had sort of stumbled across a *lot* of oil in their own back yard as it were which sent the message to the world that "we're ok thanks, call back next month" kinda thing? therefore reducing 'demand' overnight.