Oil prices set to rise again - feeling the pinch?

Filled the Discovery (3.9ltr V8) up last week ... 61.48ltrs = £42.96 = 69.9p/ltr = :D

Trouble is at 12mpg it still hurts :(

The cost of LPG at the pump is going up faster that petrol and diesel too so my smugness isn't gonna last much longer ... and nor will the car :thumbsdown:
 
lawrie29 said:
SHould have a driving economically thread...

Starting by not driving with a full tank - a litre of fuel is about a Kg, so if you have a 100 litres tank, like Kevshore, then you are dragging around an extra 100kg of fuel, which is the same as driving around with a 15 stone bloke in the car. Extra weight = extra fuel.....
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I only use one sort of fuel BP Ultimate Diesel (141.9/litre). To get some I have to go out of my way. Closest BP garage is in town, so will mean sitting in traffic, next nearest is on a dual carriageway so I'd have to go round the houses to get back again. So if I fill up, I only have to do it once and it will last just under 3 weeks.
But then again, cost of driving the car doesn't worry me, I don't drink and don't smoke and diesel or petrol is still cheaper than either of those. Plus I have two cars to run now as my student son is finding it hard to find part time work to fit in with his college, so I'm running his car too. I do save on servicing and maintenance though as he does all that, I just have to buy the parts.
 
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I understand people's frustrations but it does make me laugh the way some people I know bang on about the price rise as if it's doubled overnight. Yep, it costs me about nine quid more to fill it up now than back at Xmas, but the way some of my mates are talking, you'd think it was until recently, still at a £1 per liter....

Main thing for me is for personal travel, you pay what you have to pay; for work though, it's starting to sting now, and even the diesel boys are suffering. My Cupra does 35mpg and we get 14ppm fuel allowance - means I'm out of pocket these days by 3.5p every mile I do, and I do 45,000 a year so you can do the maths on that one. The diesels at work have to be doing about 47mpg or it's not even breaking even.

Think I may be getting a bluemotion Polo sooner than I thought :)
 
Just taxed my Leon today £135 for 6 months. Filled up a whoping £70 which should be good for about 300 mile..... Ohh and being a young driver pay a nice £1200 a year insurance. Everyone is feeling the pinch
 
Your all playing the lottery tonight then huh?...
 
wilky87 said:
Just taxed my Leon today £135 for 6 months. Filled up a whoping £70 which should be good for about 300 mile..... Ohh and being a young driver pay a nice £1200 a year insurance. Everyone is feeling the pinch
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Same here, hate paying that £135. Boo!!!!


Hate to say it but I actually had my insurance go down this week by £150 (now paying just over £300) when I finally told them I'd moved house and was now parking on a driveway. Couldn't believe it!!!..... might have to do the lottery!!!!! :)
 
More than possible that we'll see £1.50 a litre this year which for a sustained period will really do some damage to the economy. Mr Cameron then will have a choice between lowering duel duty to boost the economy or watch the economy disappear up it's own posterior. Thereally worrying thing is that oil prices are this high at a stage on the economic cycle where they would normally be low.....
 
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boliston said:
Hopefully as fuel prices increase it might make people realise that living nearer their workplace makes more sense than living in some quaint village miles from anywhere with their large expensive 4x4's to get them to the office each day.
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Not wise in this day and age... wife made redundant twice in last 5 years and moving costs a lot of money. While our village is nice, I would not describe it as quaint - and its only 2 miles from A14 and 7-8 miles from Cambridge town centre, so hardly the middle of nowhere!!!
 
Soaring petrol prices could reach £2 a litre if the situation in Libya and other oil-producing nations in the region worsens, the Overseas Development Minister has warned.
Alan Duncan fears the record $147-a-barrel price reached for oil in 2008 will be smashed unless calm returns to the Middle East and North Africa in the coming months.
The minister, a former oil trader, said that $200 a barrel is quite possible, and if oil-producing nations are hit by co-ordinated terrorist action on top of the revolutionary unrest, the price could reach $250 a barrel, which would see the advent of the £2 litre.
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Independent
 
I would think OPEC and other countries could increase output to match the Libyan loss but then would they want to? The money being accrued through oil is one source of income that is almost guaranteed during recession whereas property is bust and even gold is now thought to have peaked.

I wonder how much of this increase is driven by speculators and futures trading making matters worse. (again)

Then the new 5p discount (if agreed) for remote communities will no doubt be funded by an increase at the pump for the rest of us. Don't get me wrong the prices they pay in these remote areas are already 5-10p over the urban prices - so its not like they are getting cheap fuel and I do support a fairer price there.
 
AndyB1976 said:
I would think OPEC and other countries could increase output to match the Libyan loss but then would they want to? The money being accrued through oil is one source of income that is almost guaranteed during recession whereas property is bust and even gold is now thought to have peaked.

I wonder how much of this increase is driven by speculators and futures trading making matters worse. (again)

Then the new 5p discount (if agreed) for remote communities will no doubt be funded by an increase at the pump for the rest of us. Don't get me wrong the prices they pay in these remote areas are already 5-10p over the urban prices - so its not like they are getting cheap fuel and I do support a fairer price there.
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The prices tend to increase as a result of wars/conflict etc. They also tend not to decrease when the war is finished. :)
 
ziggy©;3468022 said:
The prices tend to increase as a result of wars/conflict etc. They also tend not to decrease when the war is finished. :)
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I agree :)

Uncertainty is also a trigger for speculation:(
 
boliston said:
Hopefully as fuel prices increase it might make people realise that living nearer their workplace makes more sense than living in some quaint village miles from anywhere with their large expensive 4x4's to get them to the office each day.
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Because selling and buying new houses everytime you move job makes sense!

Are you for real with this quote. Do you really think that most people drive four by fours and live miles from work. Many people are priced out of moving near to their work due to economic factors.

Both me and my wife work for the government. Pay freezes. She also got an enforced transfer and now travels 90 miles a day instead of 20. What were her alternatives? Quit.

I walk to work, so we have one car. Due to our careers we are now worse off this year, and will be again next year, and the year after. We drive a 1.6 focus, which we would love to replace with something more economical, but if you can let me know of a way when our disposable income is constantly being squeezed to be able to afford a newer, more economic car, then please let me know.

Flippant comments like yours really **** me off. People ARE struggling to deal with this situation and things are not looking to get better for a while.

Those who think it is great we are paying off the debt so quickly do not realise that in doing so we are sending ourselves straight back into a depression.

As for the scenes such as France if things continue I they will come. The scenes of rioting last time there were Tories in government will return.
 
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ding76uk said:
As for the scenes such as France if things continue I they will come. The scenes of rioting last time there were Tories in government will return.
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agreed with what you said until this bit. no politics or it will go south fast.
 
Libya produces 2% of the world oil, why such an increase at the pumps?
 
The Greek said:
Libya produces 2% of the world oil, why such an increase at the pumps?
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Because they can, a captive market means you can charge what you want for it.

The thing that makes me laugh is people that spend £12,000 on a more fuel efficient car when they use 3 gallons a week, it's like depreciation isn't a factor in car ownership, it's all about fuel.
 
matty said:
agreed with what you said until this bit. no politics or it will go south fast.
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Not political, 2011 is shaping up to be the year of the protest. Worldwide we are in an unstable situation and we are seeing scenes of protest as a result. As a country we tend to avoid this kind of protest, but there are rumblings that action will be taken. People are falling below the breadline because of things such as pay freeze and increases in prices and by putting more out of work the cycle is stuck in a downward trend.

Frustration will eventually come out in one way or another, and the amount of people frustrated grows on a weekly basis.
 
ding76uk said:
Not political, 2011 is shaping up to be the year of the protest. Worldwide we are in an unstable situation and we are seeing scenes of protest as a result. As a country we tend to avoid this kind of protest, but there are rumblings that action will be taken. People are falling below the breadline because of things such as pay freeze and increases in prices and by putting more out of work the cycle is stuck in a downward trend.

Frustration will eventually come out in one way or another, and the amount of people frustrated grows on a weekly basis.
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dont pin blame on the tory government though as that IS politics.
 
It's just about impossible to discuss this - and a number of other things - without "politics" coming into it. Just leave out the references to particular parties and it shouldn't cross the line.
 
ding76uk said:
Not political, 2011 is shaping up to be the year of the protest. Worldwide we are in an unstable situation and we are seeing scenes of protest as a result. As a country we tend to avoid this kind of protest, but there are rumblings that action will be taken. People are falling below the breadline because of things such as pay freeze and increases in prices and by putting more out of work the cycle is stuck in a downward trend.

Frustration will eventually come out in one way or another, and the amount of people frustrated grows on a weekly basis.
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We as a nation don't have the balls to stand up for ourselves, even if we do it's a battle we won't win.
Take the recent student protests, remove the idiots who caused the trouble and there were thousands of decent kids protesting.
It's made no difference, they will still lose their EMA.

I along with my ex wife, I went to a few poll tax protests.
I was working with lots of people who complained about it and I invited them to join us and not one of them bothered.
Civil unrest is one thing but to stand up like they are in the middle east takes far more guts than we have.
 
matty said:
So let me get this right...we produce oil off the coast of scotland, or in america, or russia, but we have massive hikes in prices when the arab states have a bit of argy bargy?
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Well said, I've never got my head around the amount of tax we pay on a product we produce as a country.

matty said:
its not going to be long before people here start taking the studen route to protesting..:thumbsdown:
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You can't blame people for saying enough is enough but it will do sfa.
 
yeah i saw £1.40 too. shocking. the problem is that high prices are here to stay, the petrol prices wont go back down. revenue for petrol and diesel will fall as more and more hybrid and high efficiency vehicles take to the road. those of us that use cars a lot will suffer.
 
It's a disgusting situation.

I'm suffering from the pay freeze in my sector too, I drive a 1.8 diesel and only live 12 or so miles from work (It's Norfolk, you have to go 10 miles for ANYTHING out here)

I dont drive hard, and i fill it up ion 1/2 tanks to keep the weight down but every time i go to fill it up - it's more. I think when got this car a year or so ago, £50 would have filled the tank easily. Now it's in the high sixties for the same material.

Fuel is one of the worst rises, but coupled with everything else going up? I can see a lot of people going below the breadline unless the government sorts this out soon.

Rich
 
I don't bother looking at the prices, I just notice that the fuel gauge doesn't go over to right as far as it use to...
 
Smoot said:
I can see a lot of people going below the breadline unless the government sorts this out soon.

Rich
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They are now offering unemployed people with good ideas 2K to start up a business.
Clearly they've never tried starting up a business on 2K.
 
I went to the pub to fill up with lager....... I was disgusted.....it worked out at about £6 a litre :eek:
 
Smoot said:
Fuel is one of the worst rises, but coupled with everything else going up? I can see a lot of people going below the breadline unless the government sorts this out soon.

Rich
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everything else is going up BECAUSE fuel has gone up, fuel controls everything. inflation is going to shoot up now, which will wreck any chance we had of getting out of the ***** we were already in.
 
Splog said:
I went to the pub to fill up with lager....... I was disgusted.....it worked out at about £6 a litre :eek:
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Someone needs to develop an engine that'll run on strong cider, I can get 2 litres of that for about £1 at my local offy :D
 
I have a car which will do 60mpg+ for day to day journeys.

I have another which does less than 20 mpg for driving.

I also work in the oil industry, so not overly concerned about high oil prices!
 
whyone said:
I have a car which will do 60mpg+ for day to day journeys.

I have another which does less than 20 mpg for driving.

I also work in the oil industry, so not overly concerned about high oil prices!
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tax free?
 
If a fuel tax stabiliser is introduced then where is the money coming from to pay for it? The graduated VED hike is supposed to take effect this year as that was put off so I'd imagine that will be reintroduced which will affect those doing low mileages disproportionately more.

Those living in the rural idyll shouldn't moan so much. That's the price you pay for not living in a city. You have no bus service and you have to travel miles for shopping and work. Tough. Move if you don't like it.
 
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