Petrol prices - all gone quiet

[danielf]

Just wait for prices to soar once this recession is over. Last time we were discussing energy prices, the underlying causes were increased demand in China/India and (the rest of the) developing world. The crisis has put a damper on this, but if/when the economy picks up, energy prices will go up again.

[Osem]

Originally Posted by AndyCambs

Someone has to pay all these MPs expenses and increased salaries!

Not to mention their cast iron, gilt edged pensions. Then of course there's all that money for the EU.... it's got to come from somewhere....

[broadbandking]

What I don't understand is EVERY OTHER COUNTRY pay far less for petrol than us, and they take measures to ensure they stay low, the real issue is us in the UK will sit here on a forum and complain and nothing will get done, these barstools MP will keep doing this, when will it end, a massive stand would help but will never be done.

[Taf]

Just wait for the EU Green Fuel Tax.... it's being hushed in the UK due to the upcoming election...

[chris9991]

Originally Posted by broadbandking

What I don't understand is EVERY OTHER COUNTRY pay far less for petrol than us,

Not exactly true, at least according to the AA, they do a monthly report on the price of petrol,

February 2010

http://www.theaa.com/onlinenews/alla...bruary2010.pdf

[Tony.]

The poor Yanks have to pay 44.78 Pence a litre, how will they cope?

Originally Posted by chris9991

Not exactly true, at least according to the AA, they do a monthly report on the price of petrol,

February 2010

http://www.theaa.com/onlinenews/alla...bruary2010.pdf

An interesting document, it makes me wonder how much the other countries are being stiffed with fuel taxes in comparison to us in the UK.

[Jimmy-J]

The price of a barrel of oil is cheaper now than it was back in 2008 when petrol per liter was at its highest, and yet the price at the pump is going to be higher. It's predicted to hit £1.20 a liter in the next day or so. Someone, somewhere is making a ludicres amount of money from this?

Drivers in the UK are a soft touch! It could probably rise to over £2 a liter, and still the public would sit back and take it. What would it have to take for people to get off their arse and protest I wonder? I know, take Coronation Street, Eastenders and the rest of the trash that's spewed out of the idiot box, off the air, now that would cause a riot!

[slowcoach]

I gave up driving when petrol reached £1 a gallon, currently I can order a Local Link minicab to take me up to 2.5 miles for 60p or £1.10 return..... I actually have one booked for 7.30 this morning.

[roger skillin]

Originally Posted by broadbandking

What I don't understand is EVERY OTHER COUNTRY pay far less for petrol than us, and they take measures to ensure they stay low, the real issue is us in the UK will sit here on a forum and complain and nothing will get done, these barstools MP will keep doing this, when will it end, a massive stand would help but will never be done.

Well why don't you lead the revolution then?

[chris9991]

One of the 'reasons' for the price at the pump being as high as two years ago despite the price of oil being a lot less is due to the weakened exchange rate. This chart shows how sterling has changed over the past five years

http://www.advfn.com/p.php?pid=qkchart&symbol=FX^GBPUSD

I imagine that if interest rates had remained higher then the drop in sterling would not have been so steep.

Another factor to consider is we use petrol in our cars (sometimes diesel and LPG) and not oil. Therefore maybe the price of gasoline is the one to watch on the markets.

As a forewarning current expectations are that there will be a 3p increase in the duty on the 1st April

There is no other reason for the prices being so high except 'greed'. You just watch in a couple of months or so - Petrolium Companies announcing record profits in their Billions.

[Hom3r]

http://news.sky.com/skynews/Home/UK-..._Fill_Our_Cars

Trousers down and bend over and brace.

[broadbandking]

It will keep rising no point in the AA reporting this as we all know, the problem is they can say the price increase will make people use public transport, however public transport uses petrol, so if the price of petrol goes up cost to use public transport goes up, its a never ending circle, just wish I could walk to work, would be sooooo much easier and cheaper.

---------- Post added at 11:38 ---------- Previous post was at 11:37 ----------

Originally Posted by roger skillin

Well why don't you lead the revolution then?

Ok you want to join me.

[roger skillin]

Originally Posted by chris9991

Another factor to consider is we use petrol in our cars (sometimes diesel and LPG) and not oil. Therefore maybe the price of gasoline is the one to watch on the markets.

erm you do realise that both petrol and diesel is made from oil don't you?