99 momentum now at 153.9p. First time ever (at least since I started recording in Jan 2013) had to fill up at above 150p. Massive psychological barrier. Esso 99 at 159.9p.
E10 fuel at 146.9p. Diesel also the same price which I don't ever remember seeing.
Oil products are still at recent highs. Oil price has many other steps before it gets to pump price.
A couple of years ago we saw PPB at over US$100 but pump prices didn't go over 130p/l
Highest PPB in last 2 months has been US$81.
However typically we continue to see the same rocket rise, parachute fall in pump prices.
Exchange rateA couple of years ago we saw PPB at over US$100 but pump prices didn't go over 130p/l
Highest PPB in last 2 months has been US$81.
Other costs like transportation have increased this time as well.
Let's say petrol prices reach 200p, will people still drive as much? I don't think they have much choice.
The pandemic has resulted in a lot of coordinated (not deliberately) price increases in many markets. I wouldn't be surprised if inflation remains high for a couple of years.
In Germany it will hit 6% and the Bundesbank is regarded as a strict central bank.
None of my driving is for pleasure so it's not really a choice for me, it would reduce the amount of miles I burn through on my bike for fun in the summer though.Let's say petrol prices reach 200p, will people still drive as much? I don't think they have much choice.
The pandemic has resulted in a lot of coordinated (not deliberately) price increases in many markets. I wouldn't be surprised if inflation remains high for a couple of years.
In Germany it will hit 6% and the Bundesbank is regarded as a strict central bank.
Indeed, it does look like https://app.petrolprices.com now have M99 prices, unlike https://www.allstarcard.co.uk/tools/uk-fuel-prices/