petrol price prediction

[lawsys406t]

dint c diesal price here but super unleadeds now £1.17.9 as ive just found out

[Jimmy]

http://news.bbc.co.uk/1/hi/business/4245509.stm < and then you read things like that, what's going off!?

[steve_earwig]

We're all getting ripped off of course

[mbell666]

The problem is the whole sale price of oil, which is not set by the oil companies. It set at market in much the same way shares and property are.

If people are worried about supply and other things (e.g. strikes) the whole sale price will go up. This forces the price up at the pumps. It also however means that the people extracting the oil are getting more for the same oil and therefore making more money. Which is why companies like BP have made so much money, but its not (directly) there fault the oil prices are so high.

Personally i think it won't be long till your better off in petrol car than a diesel, diesel is heading for 15p (!!!!!!) more a litre, which is about 70p a gallon, this means you diesel car needs to be doing ~6 mpg more than a petrol to be cheaper. If the price difference continues to grow (as it probably will, 50% of cars sold are now diesels) it won't be too long till a diesel is not cheaper than a petrol!

Also a petrol engine can run on lpg or bio-ethonal with a conversion, most modern diesels will struggle to run on high percentage veg oil, so your stuck running on diesel.

[Eric]

The problem is the whole sale price of oil, which is not set by the oil companies. It set at market in much the same way shares and property are.

If people are worried about supply and other things (e.g. strikes) the whole sale price will go up. This forces the price up at the pumps. It also however means that the people extracting the oil are getting more for the same oil and therefore making more money. Which is why companies like BP have made so much money, but its not (directly) there fault the oil prices are so high.

Personally i think it won't be long till your better off in petrol car than a diesel, diesel is heading for 15p (!!!!!!) more a litre, which is about 70p a gallon, this means you diesel car needs to be doing ~6 mpg more than a petrol to be cheaper. If the price difference continues to grow (as it probably will, 50% of cars sold are now diesels) it won't be too long till a diesel is not cheaper than a petrol!

Also a petrol engine can run on lpg or bio-ethonal with a conversion, most modern diesels will struggle to run on high percentage veg oil, so your stuck running on diesel.

Only 6mpg more in a diesel?
Us derv drivers are quids in then aren't we

[DaiRees]

Just scouting the specs, it looks to me that disesels get about 50% better economy than their petrol engined equivalents, so with diesel currently being about 8 - 10% more than unleaded you're still quids in. I drive a grandad to squeeze 32 mpg out of my 6yo 47000 mile pug, you guys with the HDis are regularly reporting late 40s mpg. My mate has a 9yo 100000 mile BMW 530D estate which he drives like a nutter, and he gets 40+ mpg every time! I reckon even in a car like that I could squeeze mid to late 40s out of it being careful, my next car's gonna be an oil burner

[mbell666]

it kind of depends on the car, the 406 hdi is good example of good diesel and bad petrol (on fuel) engine.

If you look at something like a mk3 mondeo 1.8 petrol v lowest power diesel there about 10mpg between them and roughly the same bhp. It wont take the difference to raise much to make the it quite a close call. Then there the extra to buy the diesel (offset by better resale value) and with a modern diesel the risk of some rather expensive parts packing up. Generally there is less to go wrong with a petrol engine.

Diesels are still cheaper but I could see it getting very close. I'd be giving it very serious though if i was buying a new car whether it was wise to get a diesel or not. If the gap between diesel and petrols falls to much the resale value of diesels will be hit.

(PS I like diesel cars, I miss the way the HDi pulled at lower revs and think for day to day driving diesels are better)

[Welly]

I can concur with mbell on the petrol/diesel issue and have a working example:

I've just dropped a Diesel for her indoors and it seems to be working out.

Her old 318 tds used to do 35MPG all day long and all in-town work.

Her new Astra 1.8 petrol is doing 30MPG doing the same work.

So, @ 150 miles per week:

The Diesel @ 5.61 per gal = £24.07 per week
The Petrol @ 5.09 per gal = £25.45 per week

Ok the Astra's costing a whopping £1.38 more per week but it's quieter, faster, much simpler and much more reliable without all these HP pumps, turbos, EGR's, particulates, that diesels have now.

The HDi is hard to beat on economy but I know for a fact that a lot of VAG's and BMW's struggle to hit 40mpg - not that far away from petrols really.

[Eric]

For me it's working out price wise.
I'm saving 50% on fuel costs for the same mileage than I was with the GTi-6.

Ok I lose the performance, handling, noise, ease of parking and fun of the GTi-6 but I do spend half as much on fuel

[mjb]

The problem is the whole sale price of oil, which is not set by the oil companies. It set at market in much the same way shares and property are.

Nah. The biggest problem by far is the tax on fuel in the UK. We buy oil over here at not far from the same price as the yanks do, and they're paying around $3.70 per us gallon - that's 50p/litre

[mbell666]

I can concur with mbell on the petrol/diesel issue and have a working example:

The biggest problem by far is the tax on fuel in the UK.

I agree, but you know the government, if they lower the tax on fuel they will only raise it on something else. No matter what, someone will have to pay, it just a question of who! Probably the lowest income people and they will have to pay a bigger chunk!

[Jimmy]

My co-worker has just been to a BP garage, i wont say where, he got chatting and he was shown a document showing that on the 1st of july diesel will be £1.50 per ltr!!!!!!

[teamster1975]

I saw a garage selling diesel for 130.9 today, it won't be long 'til it's 150

[Captain Jack]

130.9!!! This country is going down the pan.....

[puggy]

Bastards !!! especially the money grabbing government
£1.50 a ltr mmmmm could mean a return to the coloured stuff and fook em !!!