Yeah, but it all adds up.
It may be totally psychological on my part but i miss those brimming the tank days of at most £30. Now it's nearing £60.
Fuel up/down again
- Thread starter [TW]Fox
- Start date
Yeah, but it all adds up.
It may be totally psychological on my part but i miss those brimming the tank days of at most £30. Now it's nearing £60.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
We must pay more for oil because demand in the US for it is getting so low that the markets are convinced the US Fed Reserve will do another round of QE, which might increase demand, therefore buy buy buy so you can make a profit on selling the paper contracts in a months time 
Welcome to the oil market, where supply and demand works in reverse. It jumps every time we get another round of negative data based on this 'lol its so bad they'll have to intervene' sentiment..
And the odd thing about the latest rise is that actually we stopped getting price falls once oil hit 100-103 anyway, so we didnt benefit from the fact it went as low as $90, so its interesting that this is beginning to be used as an excuse for increases?
Welcome to the oil market, where supply and demand works in reverse. It jumps every time we get another round of negative data based on this 'lol its so bad they'll have to intervene' sentiment..
And the odd thing about the latest rise is that actually we stopped getting price falls once oil hit 100-103 anyway, so we didnt benefit from the fact it went as low as $90, so its interesting that this is beginning to be used as an excuse for increases?
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Good god, count yourself lucky, £60 only just half fills my tank
rofl, did you really just say that? You realise he pays the same for his fuel as you do, you can just carry more of it, right?
Does dropping fuel duty actually stimulate the economy?
If so, why can't we take some of this "quintative easing" and rather than throwing it in places where it will have no effect, use it to reduce fuel duty and then reap the rewards in economic growth?
I can't believe the government ignores the idea purely for "environmental" reasons, surely?
If so, why can't we take some of this "quintative easing" and rather than throwing it in places where it will have no effect, use it to reduce fuel duty and then reap the rewards in economic growth?
I can't believe the government ignores the idea purely for "environmental" reasons, surely?
I agree. It seems fairly obvious to me that relentlessly raising fuel duty has a negative impact on the economy.
Yes it raises a great deal of revenue but increased fuel costs for haulage firms means increased prices for all goods in the shops, supermarkets, etc. Which puts more pressure on families there as well as at the pumps when they go to fill their own cars.
Then you've got smaller haulage firms going out of business or making staffing cuts because the fuel costs are spiralling upwards.
Unless I've missed something, I would have thought that lowering fuel duty would actually promote growth by putting more money in peoples pockets to spend elsewhere in the economy.
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Caporegime
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Upto 132.9 here, soon be past the peak we had in the early summer
Of course they are - infact oil is now pretty much back to where it was before the falls started happening so there is more to come, too. The price drop was good whilst it lasted but was never going to last because we have a speculation fueled oil market where the price paid for oil is not based on supply and demand its based on traders views of things that might perhaps possibly maybe affect supply or demand perhaps.
Slowly, yes.
BP around here have lol prices. 1.38.9! compared to shell's 1.34.9. Supermarkets around 1.32.9-1.34.9.
hear hear! Why are we throwing money at banks, who have no interest in lending to small businesses, which is what we need to get the economy going.
Put that money into temporary fuel duty cuts, maybe just a 6-12 month trial, and I would put money on things picking up. Not only are you helping the pockets of business, but also the general public too. Haulage prices drop, goods prices drop, more money in the pockets of families to spend.
Soldato
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QE helps gov debt, banks hold gov debt as security. Giving away tax revenue from fuel duty would perform the opposite. Silly voter serf, its not about you
I agree the price movements are unnatural but traders forcing prices up is a fallacy, unless they alter supply and demand like OPEC does.
A higher price encourages more production and more exploration if anything. USA oil production, highest since '98
http://inflationdata.com/articles/wp-content/uploads/2012/02/Silver-vs-Gas1.jpg
http://inflationdata.com/articles/2012/02/27/gasoline-20-cents-a-gallon/
I agree the price movements are unnatural but traders forcing prices up is a fallacy, unless they alter supply and demand like OPEC does.
A higher price encourages more production and more exploration if anything. USA oil production, highest since '98
http://inflationdata.com/articles/wp-content/uploads/2012/02/Silver-vs-Gas1.jpg
http://inflationdata.com/articles/2012/02/27/gasoline-20-cents-a-gallon/
Surely the more people who buy futures contracts the higher the price goes? It is supply and demand - but its demand for paper futures contracts for the purposes of speculative resale not demand for the actual physical oil.
Pretty much everything is being interpreted as a buy signal right now. Economic data good? BUY! Economic data bad? Well maybe it'll get good, so BUY!