interestrateripoff Posted August 9, 2010 Share Posted August 9, 2010 http://www.independent.co.uk/news/uk/home-news/petrol-prices-are-set-to-soar-again-2047551.html Petrol prices could soar by 8% by the beginning of next year, it was predicted today.And the cost of filling up at the pumps could rise by 3% by this August Bank Holiday weekend. The warning to motorists came from the Retail Motor Industry Independent Petrol Retailers Association (RMI Petrol). It put the blame for the expected rises on currency movements and world oil price increases. RMI Petrol, which represents around two-thirds of Britain's 9,000 petrol forecourt sites, said petrol prices could rise as high as 125.9p per litre in the new year, smashing the current record high of 121.61p. This increase would take into account the rise in VAT and the planned hike in fuel duty. RMI Petrol chairman Brian Madderson said: "The rebound in crude oil pricing is disappointing but not entirely unexpected. It will further increase pressure on independent retailers who are fighting for survival, especially in rural areas, due to the double hit of falling volumes and tighter margins. "This crude oil increase will feed through the supply chain and could result in prices going up by as much as 4p a litre in the next three weeks." Excellent should help the recovery become even more locked in and help give the BoE yet another excuse as to why they've missed the inflation target yet again... Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted August 9, 2010 Share Posted August 9, 2010 I am selling my sportsbike and buying a 250cc scooter. Touring France on scooters next summer. Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted August 9, 2010 Share Posted August 9, 2010 http://www.independent.co.uk/news/uk/home-news/petrol-prices-are-set-to-soar-again-2047551.html Excellent should help the recovery become even more locked in and help give the BoE yet another excuse as to why they've missed the inflation target yet again... Yep - "if you exclude all the things that have risen in price there wasn't really any inflation and we're bang on target". Can't believe they repeatedly get away with that rubbish unchallenged by the media. Hmmm ... given the state of journalism in general and the thickness of the general public, I actually can believe that. Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted August 9, 2010 Share Posted August 9, 2010 (edited) Surely this is good news? When house prices go up it is apparently good for us all so by the same token this must be good for us too... I welcome the day a Mars bar costs £1 Probably some point next year since Merv is allowing inflation to rage out of control :angry: Edited August 9, 2010 by MrFlibble Quote Link to comment Share on other sites More sharing options...
catmandu Posted August 9, 2010 Share Posted August 9, 2010 Yep - "if you exclude all the things that have risen in price there wasn't really any inflation and we're bang on target". Not strictly true since they would need to include all items that increased exactly 2% to be bang on target Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted August 9, 2010 Share Posted August 9, 2010 HOORAY! Quote Link to comment Share on other sites More sharing options...
domo Posted August 9, 2010 Share Posted August 9, 2010 Correction: Petrol prices have already soared. Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted August 9, 2010 Share Posted August 9, 2010 Deflation is locked in. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted August 9, 2010 Share Posted August 9, 2010 I am selling my sportsbike and buying a 250cc scooter. Touring France on scooters next summer. You want one of these babies http://www.gizmag.com/honda-areodynamic-scooter-conversion/14071/ 214mpg. Quote Link to comment Share on other sites More sharing options...
contractor Posted August 9, 2010 Share Posted August 9, 2010 Currency movements and world prices eh? That's not what this says: http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chfdeh=0&chdet=1281367800000&chddm=1304&chls=IntervalBasedLine&cmpto=CURRENCY:GBPUSD&cmptdms=1&q=LON:OILB& Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted August 9, 2010 Share Posted August 9, 2010 You want one of these babies http://www.gizmag.com/honda-areodynamic-scooter-conversion/14071/ 214mpg. We have a budget of £600 each and have to carry our own shelter, food, clothes, stove, jerry can, spares etc. I am thinking of a Suzuki Burgman 250 or a Yamaha YP 250. You might see me strumming round Rivington on it next spring / summer. Quote Link to comment Share on other sites More sharing options...
Guest Noodle Posted August 9, 2010 Share Posted August 9, 2010 You want one of these babies http://www.gizmag.com/honda-areodynamic-scooter-conversion/14071/ 214mpg. Quote Link to comment Share on other sites More sharing options...
neon tetra Posted August 9, 2010 Share Posted August 9, 2010 Great news for petrol owners...! Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted August 9, 2010 Share Posted August 9, 2010 Great news for petrol owners...! Quote Link to comment Share on other sites More sharing options...
Johnny Storm Posted August 9, 2010 Share Posted August 9, 2010 Great news for those who like less people on the roads!! Count me in! Quote Link to comment Share on other sites More sharing options...
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