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Thread: Petrol prices...............again

  1. #101
    Master pacifichrono's Avatar
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    I have almost negated the price increases to-date by driving very conservatively.

  2. #102
    Quote Originally Posted by Tooks View Post
    Iím sure that day will come, but for now itís a carrot to try and wean us off the big oil teat. Also, spending an extra £10-15k extra on an equivalent EV to save £2.5k each year in fuel based on average mileage before electricity costs is hardly Ďhaving one overí on the exchequer. Iíve paid more VAT on the purchase up front for starters. Over a few years there isnít much in it financially.

    So, driving an EV isnít exactly cheap when you factor in the higher cost of the car, the rising electricity prices and the cost of public charging if you need it. Free charging is few and far between in reality, and Iím not driving electric to save a few quid and cock a smirk at my ICE brethren.

    Motoring is expensive, and I canít see that changing any time soon.

    I have to question the people shouting for a 10p per litre fuel duty cut, even that will only shave £5.50 off a near £100 quid refill of your Ďaverage family salooní. Will it really make that much difference?

    The Govt really arenít making a killing on the extra VAT. I donít know about anybody else, but the more money I used to put in the petrol tank, the less money I spent elsewhere. You canít spend it twice can you.
    And thatís the point some political commentator was making on the radio today. The VAT Ďwindfallí on fuel makes up for lost VAT on other items that people are cutting down on.


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  3. #103
    Master
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    Iím glad I bought this a few weeks back..


  4. #104
    Grand Master wileeeeeey's Avatar
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    Quote Originally Posted by adrianw View Post
    Come and take a look, they are there all the time, itís Tesco in Edinbourgh Way Harlow
    Off topic but you seem like a guy who would have a good recommendation for car tints around that area. Was looking at Essex Tints in Harlow but their google reviews are too perfect - 421 reviews, all 5 star.

  5. #105
    Master TKH's Avatar
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    London £2.38 petrol £2.49 Diesel

    https://www.mylondon.news/news/west-...n-24191776.amp

  6. #106

    Petrol prices...............again

    Must be getting a bit pricey to run those 20 mpg four and five litre monsters over on the What Do You Drive! thread. Especially if they drink the good stuff at over £2/litre. £100 in fuel just for a 200 mile longish day return trip to the beach. Ouch!

    Prices of those bad boys must be in for a tumble.

    Think Iíll stick with my boring old diesel Volvo which gives me 55 mpg if I nurse it on the motorway.

  7. #107
    Quote Originally Posted by noTAGlove View Post
    Must be getting a bit pricey to run those 20 mpg four and five litre monsters over on the What Do You Drive! thread. Especially if they drink the good stuff at over £2/litre. £100 in fuel just for a 200 mile longish day return trip to the beach. Ouch!

    Prices of those bad boys must be in for a tumble.

    Think Iíll stick with my boring old diesel Volvo which gives me 55 mpg if I nurse it on the motorway.
    In fairness it was always pricey to run such vehicles. I commute in an M5 and a few years back ran an E63 M6 with the n/a 5 litre V10.

    The difference in fuelling is marginal really. Not many folk will have been cutting things so fine they could barely afford to run these cars when super was £1.50 a litre.

    I would rather suck up the extra than drive a diesel Volvo, but each to their own!

  8. #108
    Master Rod's Avatar
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    My Toyota Yaris 1.5 has taken me 240 miles to Norfolk and back with a week's driving round the area. Still have a 3rd of a tank left from the £88 I put in. Very chuffed 👍

  9. #109
    Master ed335d's Avatar
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    Quote Originally Posted by noTAGlove View Post
    Must be getting a bit pricey to run those 20 mpg four and five litre monsters over on the What Do You Drive! thread. Especially if they drink the good stuff at over £2/litre. £100 in fuel just for a 200 mile longish day return trip to the beach. Ouch!

    Prices of those bad boys must be in for a tumble.

    Think Iíll stick with my boring old diesel Volvo which gives me 55 mpg if I nurse it on the motorway.
    Er, yup. Last fill up was £125 (£1.90/l), did 208 miles on the previous tank at 14.2mpg.

    Thankfully I don't do many miles. The odd dirty thought about going electric does happen...

  10. #110
    Quote Originally Posted by j0hnbarker View Post
    I would rather suck up the extra than drive a diesel Volvo, but each to their own!
    You donít know what you are missing. Comfiest leather seats, bar none. Effortless motorway driving, and bucket loads of torque from a 200 bhp diesel engine. Ok, turn a corner fast and you maybe pinned to the drivers door!

    Keep on paying the extra though, as it is fully rewarding me with significant returns on my RDSB and BP shares.

  11. #111
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    Quote Originally Posted by TKH View Post

    If you refuel at that garage you are just simple in the head

  12. #112
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    Quote Originally Posted by noTAGlove View Post

    Keep on paying the extra though, as it is fully rewarding me with significant returns on my RDSB and BP shares.
    +1, I bought Shell and BP shares for the dividend income when I took early retirement so I would encourage people to use the premium Ďwarm feelingí fuels in their pride and joy........keep paying buddies!

    Iím not happy about the fuel price situation, far from it, but at least the dividends sweeten the pill marginally. No- one shed a tear when the oil price slumped and dividends were cut but everyoneís on the bandwagon criticising the profits now being made.

    Government could help by cutting the VAT take.

  13. #113
    Grand Master Chris_in_the_UK's Avatar
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    So how come in 2008 oil was $140 per barrel and the pump price was around £1.07 per litre.

    It's currently around $120 per barrel but the pump price is £1.90 and beyond.......
    When you look long into an abyss, the abyss looks long into you.........

  14. #114
    Master
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    I went for an hour drive in my wifeís car with the roof off just around the lanes yesterday. Felt nice to just go and use petrol for fun again.

    Some spirited fun driving following an old boy in a Daytona from 1970. Looked on PH at the prices when I got home and was amazed.


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  15. #115

    Petrol prices...............again

    Quote Originally Posted by Chris_in_the_UK View Post
    So how come in 2008 oil was $140 per barrel and the pump price was around £1.07 per litre.

    It's currently around $120 per barrel but the pump price is £1.90 and beyond.......
    GBP/USD in 2008 was 2.

    GBP/USD in 2022 is 1.23

    Oil is priced in dollars

    Refining margins are also at all time highs compounding the cost at the pump further.

    It peaked around £1.50 in 2008, not £1.07.

  16. #116
    Quote Originally Posted by noTAGlove View Post
    You donít know what you are missing. Comfiest leather seats, bar none. Effortless motorway driving, and bucket loads of torque from a 200 bhp diesel engine. Ok, turn a corner fast and you maybe pinned to the drivers door!

    Keep on paying the extra though, as it is fully rewarding me with significant returns on my RDSB and BP shares.
    No need just to thank me alone. I work for the NHS across different sites, and get a contribution towards my mileage, so in that sense everyone who pays tax and NI makes a contribution towards your dividends.

  17. #117
    Grand Master Chris_in_the_UK's Avatar
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    Quote Originally Posted by noTAGlove View Post
    GBP/USD in 2008 was 2.

    GBP/USD in 2022 is 1.23

    Oil is priced in dollars

    Refining margins are also at all time highs compounding the cost at the pump further.

    It peaked around £1.50 in 2008, not £1.07.
    Perhaps it explains something - the exchange rate has no bearing on the wholesale price of crude?.

    Refining margins are not huge though? I just think there is an unnecessary hike in prices under the cover of Ukraine etc.
    When you look long into an abyss, the abyss looks long into you.........

  18. #118
    If it gets much worse then people will start filling jerry cans with red diesel like all the farmers have been doing for decades

  19. #119

    Petrol prices...............again

    Quote Originally Posted by Chris_in_the_UK View Post
    Perhaps it explains something - the exchange rate has no bearing on the wholesale price of crude?.

    Refining margins are not huge though? I just think there is an unnecessary hike in prices under the cover of Ukraine etc.
    Exchange rate has a HUGE bearing on the cost of crude, especially if you are buying crude with the Great British Peso.

    Oil price in 2008 $140/bbl @ GBP/USD of 2, so £70bbl

    Oil price in 2022 $120/bbl @ GBP/USD of 1.23, so £97/bbl

    So, in GBP terms a barrel of crude in 2022 is nearly 40% more expensive than in 2008, despite of being around 15% cheaper in USD terms.

    Refining margins are around $40/bbl. That is massive, when they are usually a fraction of that.

  20. #120
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    As I am retired we have just cut down on use and unnecessary journeys so the last three weeks itís cost us a little bit less, if many more of us did this prices would fall.

  21. #121
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    I don't think prices will fall far. Refineries are apparently in short supply and they are making a lot of money. The Govt and the oil companies are coining it in. Will take e.g. a lockdown to force a shift downwards.

  22. #122
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    Quote Originally Posted by hilly10 View Post
    If you refuel at that garage you are just simple in the head
    Or you just don't care about money because you are so rich.

  23. #123
    Anyone tempted to try blend with cooking oil (diesel obviously)?

  24. #124

    Petrol prices...............again

    Quote Originally Posted by Kingstepper View Post
    Anyone tempted to try blend with cooking oil (diesel obviously)?
    Think it only works on the simplest of diesel engines. Modern diesel engines would probably puke.

    Have you tried to get cooking oil these days given the situation in Ukraine?

    And then you still have to add on customs and excise duty.

    I think the days of using cooking oil in diesel cars has been left behind in the 90s and early noughties along with that particular Top Gear or Fifth Gear episode.

  25. #125
    Quote Originally Posted by noTAGlove View Post
    Think it only works on the simplest of diesel engines. Modern diesel engines would probably puke.

    Have you tried to get cooking oil these days given the situation in Ukraine?

    And then you still have to add on customs and excise duty.

    I think the days of using cooking oil in diesel cars has been left behind in the 90s and early noughties along with that particular Top Gear or Fifth Gear episode.
    Don't think there's any duty to pay on <2,500 litres/year.

    Not as scarce as it was either!

  26. #126
    Grand Master Chris_in_the_UK's Avatar
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    Quote Originally Posted by noTAGlove View Post
    Exchange rate has a HUGE bearing on the cost of crude, especially if you are buying crude with the Great British Peso.

    Oil price in 2008 $140/bbl @ GBP/USD of 2, so £70bbl

    Oil price in 2022 $120/bbl @ GBP/USD of 1.23, so £97/bbl

    So, in GBP terms a barrel of crude in 2022 is nearly 40% more expensive than in 2008, despite of being around 15% cheaper in USD terms.

    Refining margins are around $40/bbl. That is massive, when they are usually a fraction of that.
    But it trades in $'s?.

    Anyhow - we are being rinsed big time currently.
    When you look long into an abyss, the abyss looks long into you.........

  27. #127

    Petrol prices...............again

    Quote Originally Posted by Chris_in_the_UK View Post
    But it trades in $'s?
    Seriously? I give up.

  28. #128
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    Quote Originally Posted by xellos99 View Post
    If it gets much worse then people will start filling jerry cans with red diesel like all the farmers have been doing for decades
    Red diesel no longer exists,, to many were abusing the system.


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  29. #129
    Master IAmATeaf's Avatar
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    Quote Originally Posted by Chris_in_the_UK View Post
    But it trades in $'s?.

    Anyhow - we are being rinsed big time currently.
    So you need to convert good old GBP to $ís which is why the exchange rate has a direct impact?

  30. #130
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    Unless recession/depression hits and demand destruction kicks in we're looking at 200$ crude by autumn. OPEC+ tapped out, no peace in Ukraine on the horizon, US shale disincentivised and big oil generally villainised by the "progressive" politicians... Time to buy a bunch of jerry cans... ?

  31. #131
    Quote Originally Posted by Kingstepper View Post
    Anyone tempted to try blend with cooking oil (diesel obviously)?
    If your diesel car has a DPF, then under no circumstances should you be adding veg oil to it. It's too viscose and eventually will clog up the aforementioned DPF, leaving you with a hefty replacement bill.

    I used to make my own veg fuel for my diesel VW's in, as long as you made it properly and checked regularly filters/pumps then all was fine, that was until they added DPF's to cars.

  32. #132
    Quote Originally Posted by zippy View Post
    If your diesel car has a DPF, then under no circumstances should you be adding veg oil to it. It's too viscose and eventually will clog up the aforementioned DPF, leaving you with a hefty replacement bill.

    I used to make my own veg fuel for my diesel VW's in, as long as you made it properly and checked regularly filters/pumps then all was fine, that was until they added DPF's to cars.
    Sounds good advice but surely fuel shouldn't be getting to the DPF - maybe very small amount of unburnt, that's all?

  33. #133
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    Quote Originally Posted by Kingstepper View Post
    Sounds good advice but surely fuel shouldn't be getting to the DPF - maybe very small amount of unburnt, that's all?
    Think it's more to do with the high pressure pumps on common rail diesels.

    Earlier agricultural stuff will pretty much run on anything lol

  34. #134
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    Quote Originally Posted by IAmATeaf View Post
    So you need to convert good old GBP to $’s which is why the exchange rate has a direct impact?
    Exactly good ole GBP's plummeted against the dollar, now only worth in dollars about the same as it's worth against the euro, 1 quid to just 1.2 dollar, pretty savage really from 2 to 1 and then 1.5 for a longish period, even just last year a pound was worth an average 1 and a third bucks. If you don't earn/ invest in dollar denominated assets, it makes the place rather dear, and obviously cos of the petrodollar, fuel too.
    Last edited by Passenger; 13th June 2022 at 11:42.

  35. #135
    Grand Master Passenger's Avatar
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    Quote Originally Posted by Chris_in_the_UK View Post
    But it trades in $'s?.

    Anyhow - we are being rinsed big time currently.
    Been that way for some years now the rinsing, disproportionately sized banking sector, economy favourable to rentiers, business model overexposed to and dependent on the kindness of strangers as Carney observed...rip off Britain. Extremely challenging few years/ decade ahead.
    Last edited by Passenger; 14th June 2022 at 10:40.

  36. #136
    BP in Chelmsford £1.88 unleaded, Esso in Witham £1.67, 8 miles apart, it's been like that for the last two weeks, funnily enough there is always a queue at the Esso garage.

  37. #137
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    Quote Originally Posted by adrianw View Post
    BP in Chelmsford £1.88 unleaded, Esso in Witham £1.67, 8 miles apart, it's been like that for the last two weeks, funnily enough there is always a queue at the Esso garage.
    I boycott BP & Shell due to their rip off prices..👎

  38. #138
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    Quote Originally Posted by Enoch View Post
    I boycott BP & Shell due to their rip off prices..👎
    The 2 BP Garages near me are currently the cheapest at £1.71 ltr for petrol. Around 7p less per litre than the next cheapest. Always plenty of people filling up at these 2.

  39. #139
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    What I am seeing more of especially Supermarket fuel is the difference between Derv and Unleaded 20p a litre nearly everywhere in Staffordshire.

  40. #140
    Master
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    Quote Originally Posted by Toddy View Post
    The 2 BP Garages near me are currently the cheapest at £1.71 ltr for petrol. Around 7p less per litre than the next cheapest. Always plenty of people filling up at these 2.
    Around me they are consistently the most expensive in the areaÖ I can travel 1 mile extra from the local BP station and buy fuel from 2 Texaco stations at 12ppl less..

  41. #141
    Master thieuster's Avatar
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    Dutch prices are between 2 and 2.08 euro. Next to the motorway more expensive: 2.27 - 2.40 euro.

    No wonder the station before the Belgian-Dutch border doesnít sell a drop! Belgian prices are between 1.91 (motorway) and 1.78 euro in the towns

  42. #142
    Grand Master snowman's Avatar
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    Bizarrely, in the lake district a few weeks ago, a couple of BP garages were far cheaper than any others, there or closer to home!

    M

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  43. #143
    Filled my classic car today with premium, felt a bit of a bargain at £1.80l

  44. #144
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    On holiday near Abergavenny yesterday, a local garage had a £1.7.. offer. The queue and tailback was over 3/400m since its such a small town all traffic stopped one way. Great if you were buying fuel, bad if you were just passing through :)
    Last edited by higham5; 4th August 2022 at 08:10.

  45. #145
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    Quote Originally Posted by higham5 View Post
    On holiday near Abergavenny yesterday, a local garage had a £1.7.. offer. The queue and tailback was over 3/400m since its such a small town all traffic stopped one way. Great if you were buying fuel, bad if you were just passing through :)
    My 2 local Texaco stations have just dropped to £169.9..

  46. #146
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    Its a sad day when £1.80 is a bargain! Time to get involved in the cycle to work scheme for me

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