Fuel price discussion thread (was ‘chaos’)

[lemonkettaz]

Costco was 188 today.

Not sure I can carry on driving if it keeps increasing at this rate this regular

 

[V_R]

I'll take 188 compared to what it is round here. E5 is even worse.

 

[Shac]

Peterborough standard Diesel 195/L at multiple stations (Unfortunately)

 

[MissChief]

Wholesale prices down by $10 in the last few days, hopefully it'll continue.

 

[Steedie]

I only ever fill up with Esso Supreme, which yesterday was £2.06, lovely! Stung a bit that one

 

[Havana_UK]

What’s most. I’ve not driven a car that brakes if you go over the speed

BMWs since the F-series generation have had "cruise control with brake function". It's not adaptive cruise control, but as well as managing throttle to maintain speed it also applies the brakes to maintain speed (e.g. down a hill).

 

[Rroff]

Wholesale prices down by $10 in the last few days, hopefully it'll continue.

Seems to be going through small fluctuations at 195.xx for diesel around me last few days. Surprised it hasn't breached £2 yet.

 

[inflames]

Passed two petrol stations charging 199.9 for diesel on the way home, will certainly be over the magic £2/L by the end of the week.

 

[~Divine~Wind~]

just been told Washington services are now..

205.9 /207.9 pizzle/diseasel

:/

 

[ShiWarrior]

same price as UK ?

 

[pugheaven]

Well, went to Shell, VPower £2.04.9... so slapped 1 gallon in which I then filled up at Tesco Momentum for £189.90 and wasn't out of way but my light was on and with a 6.1ltr engine you don't take chances hahaha 1 gallon gets me off the driveway

 

[~Divine~Wind~]

Washington.. North East.. Durham way

:lol:

 

[ShiWarrior]

oh haha

 

[hillbilly2]

I know this is crystal ball stuff, but is this just going to be the future of fuel now? Just continual ramping of pricing and we as minions on they ground just have to suck it up. There was a artical in the paper the other day (NZ) any the boffen was saying that this trend is not going away.

 

[adam cool dude]

I know this is crystal ball stuff, but is this just going to be the future of fuel now? Just continual ramping of pricing and we as minions on they ground just have to suck it up. There was a artical in the paper the other day (NZ) any the boffen was saying that this trend is not going away.

It will go back to normal after the massive incoming recession is over. Don't forget that the massive increase in fuel is going to lead to increased costs in the haulage industry which will just get passed onto the consumer.

 

[Greebo]

It will go back to normal after the massive incoming recession is over. Don't forget that the massive increase in fuel is going to lead to increased costs in the haulage industry which will just get passed onto the consumer.

Some industry experts reckon high fuel prices are here to stay and will continue to go up every year (by a smaller margin than this year but up to 20% each year) and by 2025 fuel at the pumps will be £3 per litre.

 

[Stu999]

Some industry experts reckon high fuel prices are here to stay and will continue to go up every year (by a smaller margin than this year but up to 20% each year) and by 2025 fuel at the pumps will be £3 per litre.

Not sure if serious? If more and more people move to alternative fuels / power then there will be less demand. Unless they’re thinking there will also be a lot less supply?

 

[tom_e]

Not sure if serious? If more and more people move to alternative fuels / power then there will be less demand. Unless they’re thinking there will also be a lot less supply?

Then it'll be "Niche products attract a higher price", basically we're getting bent over either way.

 

[Greebo]

Not sure if serious? If more and more people move to alternative fuels / power then there will be less demand. Unless they’re thinking there will also be a lot less supply?

Even before Ukraine oil producers were winding down investment in production as they pivoted towards renewable energy. A lot depends whether we kiss and make up with Russia but assuming most of the world doesnt, the removal of the Russian oil from the markets will keep prices high with demand outstriping supply.

So far the high fuel prices have only seen a 5% drop in the amount of fuel been bought at the pumps in the US so demand would need to drop much much lower.

$139 a barrel is expected to be seen again this year and our currency keeps dropping against the US dollar so every time it hits that high, the cost is much higher at the pumps.

So yes, less supply and certainly for several years, demand will outstrip supply unless there is a massive world recession (which they could be)

 

[Tinders]

Our issue is the £vs$ right now, and when the recession arrives, then that will lead to even higher prices, the dollar strengthens during tough times.