Fuel price discussion thread (was ‘chaos’)

[b0rn2sk8]

It will be interesting to see where fuel prices end up, surely the government are going to have to further slash fuel duty.

Shell V Power Unleaded is about 190.9 around here at present. I don't mind paying more as my car is a source of enjoyment, but if it was just for transport, I'd be annoyed.

Soaring electricity prices are going to cause issues when it comes to charging EV's too. What are people's approximate costs to charge 70% of an EV battery overnight, on average? Assuming it's a 250+ mile range.

It depends, most EV owners are on time of use tariffs at 35p/7.5p. It costs more in the day but it’s way cheaper at night.

At 7.5p you can be motoring for under 2p/mile some cars will be closer to 3p if they are not the most efficient.

On the flip side, rapid chargers are are 50-70p/kWh now so longer trips are expensive.

I pay 20p/kWh still so that works out better for me but there isn’t much in it at all.

 

[Robbo]

Most savvy EV owners are on fixed off-peak overnight charging rates.
For me, 600 miles of range costs £15.

That's good. In my car at the moment it's £180 for 600 miles, approx.

 

[Journey]

Soaring electricity prices are going to cause issues when it comes to charging EV's too. What are people's approximate costs to charge 70% of an EV battery overnight, on average? Assuming it's a 250+ mile range.

On a tariff like Octopus Go is 7.5ppkWh, with a day rate close to SVR, so you need to just working miles per kWh to get your 250+ mile cost. In a wind brick like an Audi it's going to be a crap ton more than what it costs me, as it's 2.5mpkWh vs 6. If I use the grid to charge not excess solar and storage battery, then it's £2 for 200+ miles.

 

[Mysterae_]

I'm not one for conspiracy theories but I seriously think we are being played.

Sure, the sanctions on Russia played a part at the start but production could have been ramped up elsewhere if they so desired. They chose not to, to make up the shortfall in demand during the lockdown. The producers win, the retailers win, the government win through duty and taxation, the losers are us, the consumers.

Production will ramp up and the price will come down again, just before the public's urine starts to boil, if we have any left after it being extracted from us quicker than oil from a north sea oil platform.

 

[Abraxaz1]

I wonder how long it'll be before we start seeing people handing back these big SUVs that are on finance as they are uneconomical to run.

I'm already seeing a larger number of people doing 50 in a 70 zone

 

[MissChief]

I wonder how long it'll be before we start seeing people handing back these big SUVs that are on finance as they are uneconomical to run.

I'm already seeing a larger number of people doing 50 in a 70 zone

I don't really see much of a change on my regular weekly trip along the M8 then Edinburgh Bypass. Even if I sit on the cruise control at 70 I still have dozens of cars and vans going past me. If I set it to 65 or less than I'm only overtaking busses and trucks.

 

[Phemo]

I’m in Ireland at the moment and I’ve noticed something weird with fuel prices here. In the UK there’s around a 15p a litre difference between petrol and diesel. Over here diesel is cheaper, seems to be around €2 a litre with petrol at €2.10 ish. I found that pretty odd to say the least.

Fortunately I don’t need to fill my car yet, hopefully I can make it back home on the same fill I left with.

 

[MagicBoy]

I’m in Ireland at the moment and I’ve noticed something weird with fuel prices here. In the UK there’s around a 15p a litre difference between petrol and diesel. Over here diesel is cheaper, seems to be around €2 a litre with petrol at €2.10 ish. I found that pretty odd to say the least.

Fortunately I don’t need to fill my car yet, hopefully I can make it back home on the same fill I left with.

Different countries have different tax rates.

 

[tom_e]

Shell V Power Unleaded is about 190.9 around here at present. I don't mind paying more as my car is a source of enjoyment, but if it was just for transport, I'd be annoyed.

That's already "cheap", in another week or 2 it'll be a long lost memory of bargain prices

 

[Phemo]

Different countries have different tax rates.

Of course, but diesel and petrol were always fairly close in price, perhaps 3-5p difference. I’m sure the much larger price differential we’re seeing now is blamed on the war so I guess I expected a similar differential here. Unless the Irish government just put taxes up on both fuels to balance things out, I don’t know.

 

[jpaul]

different relative demand on petrol(greater in summer) versus diesel which gives different wholesale prices according to RAC guy just on r4today,
so in uk anyway petrol should be becoming more expensive relatively

 

[Cyber-Mav]

dont understand. only 6% of uk oil came from russia so how come its had such a huge impact on petrol costs?

 

[200sols]

dont understand. only 6% of uk oil came from russia so how come its had such a huge impact on petrol costs?

20% of our diesel came from Russia.

But many countries are shunning Russian oil/oil products and this pushes demand and prices up elesewhere.

 

[Freakbro]

20% of our diesel came from Russia.

Comes from, it's not past tense yet, we are aiming to phase it out by the end of the year. So its only going to get worse.

 

[lordrobs]

Local Sainsburys up 5p so far this week. I've already got to re-calculate Tuesdays sums on how much I'm out of pocket by with work mileage (£246/yr based on current prices and HMRC rates).

What really bugs me is that I'd do the majority of my commuting by bike if I wasn't forced to have a company car. That alone would save me up to 160 miles a week and give me some much needed exercise.

 

[Journey]

Local Sainsburys up 5p so far this week. I've already got to re-calculate Tuesdays sums on how much I'm out of pocket by with work mileage (£246/yr based on current prices and HMRC rates).

What really bugs me is that I'd do the majority of my commuting by bike if I wasn't forced to have a company car. That alone would save me up to 160 miles a week and give me some much needed exercise.

Ask them to take it back and treat it as a pool car then, and use it when you require it.

 

[sandys]

dont understand. only 6% of uk oil came from russia so how come its had such a huge impact on petrol costs?

UK net zero policy , pushed a chunk of our crude refining out of this country because that makes us cleaner.....meaning we have to buy refined fuels in

 

[Jono8]

dont understand. only 6% of uk oil came from russia so how come its had such a huge impact on petrol costs?

Because of greed.

Someone is making an absolute fortune out of this, at the expense of everyone else...

 

[MissChief]

Because of greed.

Someone is making an absolute fortune out of this, at the expense of everyone else...

Oil companies are announcing record profits for Q1 2022, some are making £10 BILLION or more in three months. One executive said they have so much money swilling around they don’t know what to do with it all.

 

[Freakbro]

Greed is good remember, no such thing as too much profit and you're just a jealous lefty if you dare utter anything to the contrary