Jump to content
House Price Crash Forum
Sign in to follow this  
lufc

Petrol Prices Set To Rise By 5p A Litre By September As Wholesale Costs Soar

Recommended Posts

http://www.dailymail.co.uk/news/article-12...costs-soar.html

Stick that in your inflation fighting pipe & smoke it Mr King.

With VAT cuts due to be reversed in the New Year I wonder if we might see CPI @ 3% plus before too long ????

Petrol is cheap.In 2000 it reached £1 a litre and this morning I paid 99.8p.If you factor in 9 years inflation at 3% it should be £1.27 now without any compounding.

Share this post


Link to post
Share on other sites
Petrol is cheap.In 2000 it reached £1 a litre and this morning I paid 99.8p.If you factor in 9 years inflation at 3% it should be £1.27 now without any compounding.

Yup, I've been surprised that petrol is still so cheap. The difference between petrol and diesel has also reduced signifcantly, which is nice as I now have a diesel car.

Regular unleaded petrol is €1.40 in quite a few places on the continent, which equates to ~£1.20 per L.

Share this post


Link to post
Share on other sites
Guest happy?
http://www.dailymail.co.uk/news/article-12...costs-soar.html

Stick that in your inflation fighting pipe & smoke it Mr King.

With VAT cuts due to be reversed in the New Year I wonder if we might see CPI @ 3% plus before too long ????

It's the usual Daily Mail 'world going to hell in a handcart' spin on oil prices and you seem to have bought it hook, line, and sinker.

Oil prices crashed 40% in the last year or so - they're now starting to rise a little.

The Daily Hate didn't print the fall in price because it doesn't fit their agenda.

Share this post


Link to post
Share on other sites
It's the usual Daily Mail 'world going to hell in a handcart' spin on oil prices and you seem to have bought it hook, line, and sinker.

Oil prices crashed 40% in the last year or so - they're now starting to rise a little.

The Daily Hate didn't print the fall in price because it doesn't fit their agenda.

What I dislike so much about The Mail is their vacuity and dishonesty.The Torygraph puts forward the same views and has the same agenda,they just have a litttle more elan.I know the views of Mail readers without asking,a pretty dim crew really. Just tabloid readers who realise they don't have the education or intellect to tackle a broadsheet.

Share this post


Link to post
Share on other sites
It's the usual Daily Mail 'world going to hell in a handcart' spin on oil prices and you seem to have bought it hook, line, and sinker.

Oil prices crashed 40% in the last year or so - they're now starting to rise a little.

The Daily Hate didn't print the fall in price because it doesn't fit their agenda.

So if this was reported in the FT it would be credible would it !!! It doesn't really matter who reports it, the fact is wholesale fuel costs have risen 8% in recent weeks - expect to pay an extra 3p a litre next week and another 2p tax in September.

Oil Prices actually fell 80% from peak to trough $145 (about this time last year) to $35 (about march this year) and have recently increased 100% to $70 from that trough.

The point is that on a y-o-y basis these price falls will soon be reversed.

Share this post


Link to post
Share on other sites
Yup, I've been surprised that petrol is still so cheap. The difference between petrol and diesel has also reduced signifcantly, which is nice as I now have a diesel car.

Regular unleaded petrol is €1.40 in quite a few places on the continent, which equates to ~£1.20 per L.

And i got shot of an Audi TDI and got a 1.6 petrol. <_<

Share this post


Link to post
Share on other sites
So if this was reported in the FT it would be credible would it !!! It doesn't really matter who reports it, the fact is wholesale fuel costs have risen 8% in recent weeks - expect to pay an extra 3p a litre next week and another 2p tax in September.

Oil Prices actually fell 80% from peak to trough $145 (about this time last year) to $35 (about march this year) and have recently increased 100% to $70 from that trough.

The point is that on a y-o-y basis these price falls will soon be reversed.

It's not what they are reporting but why.Presumably when the price fell from £1.25 to £1 they didn't print an article saying how wonderful this was.So their agenda is to damage the government by implication that it's their fault petrol has gone up. Another view could be that the recession isn't as bad as was feared and the markets are factoring in increased demand for oil.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   292 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.