Fuel price discussion thread (was ‘chaos’)
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Soldato
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Why is it so 'low' at the moment? I thought any conflict in the Middle East was an excuse to ramp it up.
Soldato
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Israel and Lebanon arent really oil producers, unless you are after cedarwood oil or olive oil. Lebanon does have refining capacity. Still a game of wait and see for the rest.
Soldato
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Westminster doesn’t care as long as they get their share of your money.
US is the worlds largest oil producer by some margin now, Opec have lost their dominance and its reported the Saudis have decided to increase supply so they dont lose any more market share.
It's nowhere near as low as it should be. As always we are being ripped off.
Cuting Russia out is what caused a spike, but they have pretty much been replaced as a supplier.
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Associate
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USD exchange rate is currently the best it’s been in ages
Soldato
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Yeh, hence the "".
But when it's been north of 1.50 since Covid, even 1.30 seems pretty 'cheap' now!
I thought normally any conflict/instability in the Middle East was an easy excuse to ramp up prices.
Soldato
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and seeing low prices like thisOil prices increase you mean not an excuse. Up 6% this week
when oil goes down in price the UK petrol is slow as hell to react and lower.
but when oil goes up they will ran out to the pumps to whack the price up.
they are probably putting fuel prices up already this morning.
When fuel duty was cut we didn't really see any benefit from that either. Oil companies took it as extra profit.
Time to go electric, Nasher...
Yea because electricity is dirt cheap
Plus it means buying an EV and eating huge amounts of depreciation. It still doesn't really add up vs just keeping a high mpg diesel for doing the commute.
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Yea because electricity is dirt cheap
Plus it means buying an EV and eating huge amounts of depreciation. It still doesn't really add up vs a high mpg diesel for doing the commute.
Nah, you should go Electric. You know you want to really.
Eventually, but it's not the time yet.
If I had the option of a fleet/company car yea, but they are only interested in issuing cycles (for a 30 mile commute, to a place 2-3 miles from the nearest town).
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Sure it is, do it baby, do it.
Rocket up, parachute down
The vast majority of, if not all, forecourts whacked prices up by 5p or more the night before the duty came into effect.