juvenal Posted December 30, 2010 Share Posted December 30, 2010 Nothing but gloom ahead. Oil companies say they can't make any money in UK, even at these prices. Petrol retial industry spokesman says punters' fuel usage will only drop further, producing even less revenue for Treasury. Get out the bike? Link to comment Share on other sites More sharing options...
tinker Posted December 30, 2010 Share Posted December 30, 2010 I filled up the other day at 1.219/litre (to beat the VAT, suspected 'green' hike). This now well beats the previous 2008 high... And yet hardly a whimper. 60-70% of it is tax/duty... and they bury their heads. Link to comment Share on other sites More sharing options...
Dorkins Posted December 30, 2010 Share Posted December 30, 2010 I filled up the other day at 1.219/litre (to beat the VAT, suspected 'green' hike). This now well beats the previous 2008 high... And yet hardly a whimper. 60-70% of it is tax/duty... and they bury their heads. People have become habituated to the cost of living rising faster than wages. I wonder what Merv's fancharts have to say about that. Link to comment Share on other sites More sharing options...
scrappycocco Posted December 30, 2010 Share Posted December 30, 2010 Filled up for just over £1.30 a litre I think. I'd get another bike but I'm fed up with the new bike - stolen - police report - insurance claim - new bike stolen police report insurance claim circle. Link to comment Share on other sites More sharing options...
'Bart' Posted December 30, 2010 Share Posted December 30, 2010 Filled up for just over £1.30 a litre So about £5.85 a gallon? (While I can use metric measurements for a lot of things, I still think in gallons as far as petrol prices go.) Link to comment Share on other sites More sharing options...
OnlyMe Posted December 30, 2010 Share Posted December 30, 2010 Next few days will be interesting/horrible. http://www.petrolprices.com/ Unleaded: 123.91p Diesel: 127.97p Link to comment Share on other sites More sharing options...
twatmangle Posted December 30, 2010 Share Posted December 30, 2010 Nothing but gloom ahead. Oil companies say they can't make any money in UK, even at these prices. Petrol retial industry spokesman says punters' fuel usage will only drop further, producing even less revenue for Treasury. Get out the bike? Cars are becoming more fuel efficient. Most new diesel cars have great fuel consumption, typically you would expect >50 MPG combined, and >70 MPG extra urban Compare that with just a few years ago. I'm looking for a new car right now, and I was staggered by the economical fuel usage of new models from all manufacturers. They're after the fleet market..and not surprisingly, low emissions and low fuel consumption are top priority. Link to comment Share on other sites More sharing options...
SarahBell Posted December 30, 2010 Share Posted December 30, 2010 Filled up for just over £1.30 a litre I think. I'd get another bike but I'm fed up with the new bike - stolen - police report - insurance claim - new bike stolen police report insurance claim circle. Do you postcode stamp your bike? (our local police have an engraver tool to do it) A friend had a very expensive bike which was covered in black tape. It looked crap and he reckoned it was what stopped it getting nicked. Link to comment Share on other sites More sharing options...
winkie Posted December 30, 2010 Share Posted December 30, 2010 Cars are becoming more fuel efficient. Most new diesel cars have great fuel consumption, typically you would expect >50 MPG combined, and >70 MPG extra urban Compare that with just a few years ago. I'm looking for a new car right now, and I was staggered by the economical fuel usage of new models from all manufacturers. They're after the fleet market..and not surprisingly, low emissions and low fuel consumption are top priority. Look at it another way.....instead of traveling 70 miles people will be cutting their travel down to 50 miles using the same car........soon it will not be cost effective to travel to work for some..... Link to comment Share on other sites More sharing options...
R K Posted December 30, 2010 Share Posted December 30, 2010 Gavyn Davies (Ex Goldman's, Govt advisor, BBC Chair etc etc) said last week that $147 oil had a greater impact on the '08 collapse than many people think. If he's correct then we could be on the cusp of another round of demand collapse, bank/credit collapse and so on........... If our economies couldn't cope with > $100 when the banks were (theoretically) solvent, they have zero chance now the banks have collapsed, the govts. debts have gone through the roof, asset prices are lower and jobs are fewer. The oil price is the key. Hyperinflation my ar%e. Link to comment Share on other sites More sharing options...
MrPin Posted December 30, 2010 Share Posted December 30, 2010 Why are high house prices good news, and high fuel prices not? Link to comment Share on other sites More sharing options...
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