whojamaflip Posted May 28, 2009 Share Posted May 28, 2009 I tend to keep an eye of this site, as a general indication of inflation. http://www.petrolprices.com/ needless to say in january petrol was 92p or so, march 95p, today its 99.8p and im sure within a week it will be a quid. ..yes it has been there before... but this time its different... it will carry on going up, £1.10 by september and £1.15 come the winter (again). deflation? not likely Quote Link to comment Share on other sites More sharing options...
SarahBell Posted May 28, 2009 Share Posted May 28, 2009 Been watching it going up and up again... but inflation is negative don't you knoq Quote Link to comment Share on other sites More sharing options...
STRLondon Posted May 28, 2009 Share Posted May 28, 2009 Currency is being debased against other currencys. Commodities are quickly gaining value. Natural Gas is a good play if you want to speculate on rising prices, it looks to have hit a double bottom today. Barrels of Oil are as fungable as gold to commodity traders, they could really send it to the moon. With increased taxes, a decreased pound, weakened currency and during a recession, its very worrying. Quote Link to comment Share on other sites More sharing options...
STRLondon Posted May 28, 2009 Share Posted May 28, 2009 Total are doing the best prices in London I noticed, about 4p cheaper a litre. Quote Link to comment Share on other sites More sharing options...
m4rk Posted May 28, 2009 Share Posted May 28, 2009 this is where the goverment could force inflation on us. chuck on a couple of pence every company raises prices. strangely alot of the oil and gas companies havnt really been increasing on the footsie even with rises from $37 to $60+ barrels Quote Link to comment Share on other sites More sharing options...
nickincash Posted May 28, 2009 Share Posted May 28, 2009 From my weekly petrolprices.com emails - the cheapest in my area of Leicester was at a low of 82.9 in mid Jan and is now 95.9 on 27 May, an increase of just over 15%. Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted May 28, 2009 Share Posted May 28, 2009 I tend to keep an eye of this site, as a general indication of inflation.http://www.petrolprices.com/ needless to say in january petrol was 92p or so, march 95p, today its 99.8p and im sure within a week it will be a quid. ..yes it has been there before... but this time its different... it will carry on going up, £1.10 by september and £1.15 come the winter (again). deflation? not likely In terms of inflation it matters not what the price of petrol is, what matters is what the price is compared to 12 months ago. June 2008 was when petrol prices peaked at £1.50, so petrol is still 1/3 cheaper than 12 months ago, and this is hiding inflation in other areas. Of course, fuel prices dropper of pretty quickly after that, dropping well over a third in 6 months, bottoming out in January 2009. Quote Link to comment Share on other sites More sharing options...
Guest มร หล Posted May 28, 2009 Share Posted May 28, 2009 How much is diesel now? Costs me about £23 to fill the pick-up here. Quote Link to comment Share on other sites More sharing options...
pilchardthecat Posted May 28, 2009 Share Posted May 28, 2009 Good. I bought a diesel car just before it started to go down and have been wishing i'd brought the ludicrously fast 330hp petrol one instead for the last 12 months. Quote Link to comment Share on other sites More sharing options...
boredwithforum Posted May 28, 2009 Share Posted May 28, 2009 How much is diesel now?Costs me about £23 to fill the pick-up here. £1.03 /£1.04 a litre Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 28, 2009 Share Posted May 28, 2009 Smeraldo Meh. Get on your bike! Quote Link to comment Share on other sites More sharing options...
m4rk Posted May 28, 2009 Share Posted May 28, 2009 Good. I bought a diesel car just before it started to go down and have been wishing i'd brought the ludicrously fast 330hp petrol one instead for the last 12 months. oh i love this game!! bmw m3??? Quote Link to comment Share on other sites More sharing options...
AteMoose Posted May 28, 2009 Share Posted May 28, 2009 Well part of that is a 2p tax hike, another hike is also pencilled in. Quote Link to comment Share on other sites More sharing options...
Guest มร หล Posted May 28, 2009 Share Posted May 28, 2009 Smeraldo Meh. Get on your bike! Cool! Ducati make push bikes! http://www.bianchi.it/en/productsDucati200...Monster900.aspx Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 28, 2009 Share Posted May 28, 2009 Cool!Ducati make push bikes! http://www.bianchi.it/en/productsDucati200...Monster900.aspx Yes, they have some very nice stuff. That is my particular favourite. Nobody can top the Italians for classic style in any vehicle. Quote Link to comment Share on other sites More sharing options...
Danny Deflation Posted May 28, 2009 Share Posted May 28, 2009 but inflation is negative don't you knoq It is going up a further 2 per cent in September. Nothing to do with the price of oil - which is lower than it was this time last year - it's the lovely Alistair Darling putting an additional 2 pence on fuel duty. It's then going to rise EVERY YEAR. Even if the price of oil does not increase, fuel will rise every year because of the robbing b4stards, sorry, I mean delightful government. For every pound's worth of gas you put in your tank, about 70p is government taxation (fuel tax and VAT) and 30p is for the fuel itself. That's 30p of fuel for every pound you spend at the pumps! Quote Link to comment Share on other sites More sharing options...
Guest มร หล Posted May 28, 2009 Share Posted May 28, 2009 Yes, they have some very nice stuff. That is my particular favourite. Nobody can top the Italians for classic style in any vehicle. How much is it? Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 28, 2009 Share Posted May 28, 2009 How much is it? Around €750. Quote Link to comment Share on other sites More sharing options...
Guest มร หล Posted May 28, 2009 Share Posted May 28, 2009 Around €750. Oh. I was thinking £2500 or something mental. Wouldn't mind one of those now I'm no longer a fat b@stard. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted May 28, 2009 Share Posted May 28, 2009 In terms of inflation it matters not what the price of petrol is, what matters is what the price is compared to 12 months ago. why 12 months? seems arbitrary. June 2008 was when petrol prices peaked at £1.50 £1.50 where the hell were you buying it from? http://www.theaa.com/motoring_advice/fuel/...eview-2008.html so petrol is still 1/3 cheaper than 12 months ago, judging by the AA graph above, it's down by about 12% in your arbitrary time period. Quote Link to comment Share on other sites More sharing options...
Flatdog Posted May 28, 2009 Share Posted May 28, 2009 It is going up a further 2 per cent in September. Nothing to do with the price of oil - which is lower than it was this time last year - it's the lovely Alistair Darling putting an additional 2 pence on fuel duty. It's then going to rise EVERY YEAR. Even if the price of oil does not increase, fuel will rise every year because of the robbing b4stards, sorry, I mean delightful government.For every pound's worth of gas you put in your tank, about 70p is government taxation (fuel tax and VAT) and 30p is for the fuel itself. That's 30p of fuel for every pound you spend at the pumps! Does the price that we are required to pay for fuel have ANY relation to crude oil prices....? ...or is it just pegged by some cleverarse economist thieving swine to screw as much as possible out of us all? Quote Link to comment Share on other sites More sharing options...
winkie Posted May 28, 2009 Share Posted May 28, 2009 Save tax..stop driving, stop working. Quote Link to comment Share on other sites More sharing options...
impatient_mug Posted May 28, 2009 Share Posted May 28, 2009 (edited) Does the price that we are required to pay for fuel have ANY relation to crude oil prices....?...or is it just pegged by some cleverarse economist thieving swine to screw as much as possible out of us all? It's mostly tax - price at the pump has little to do with the cost of the fuel, distribution etc. We've tolerated ridiculous fuel prices for years now - not sure why there was all the fuss last year - I guess £1 was a psychological barrier. If you're tight enough to worry about the price of petrol (still the cheapest <edit>most practical*</edit> way to travel by at least 3x even in my 26mpg at best car) then get one of those 70mpg clatter-boxes. Otherwise, get over it :-) *Best cover myself before someone expects me to carry equipment and paperwork on a bike or walk 30 miles on a 1 hour SLA call out. Edited May 28, 2009 by impatient_mug Quote Link to comment Share on other sites More sharing options...
three pint princess Posted May 28, 2009 Share Posted May 28, 2009 I don't know. This is the Pashley Princess... Quote Link to comment Share on other sites More sharing options...
bingobob777 Posted May 28, 2009 Share Posted May 28, 2009 are the price of petrol included in RPI/CPI? If so with food prices still going up and lower mortgages highs out the calculation later in the year, are we gtd to get RPI back up at 5% later in the year? Quote Link to comment Share on other sites More sharing options...
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