Jump to content

petrol prices 4p in two weeks


Recommended Posts

  • Replies 39
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Another white elephant that's cost us £4000 per day to fire in diesel due to there being much less waste to burn than their pie in the sky projections.     ETA That was at 2004/2005 prices Christ

Of course not...he wouldn't need petrol otherwise. 

Do you live in a cave?

Posted Images

Have I missed something here. TT is over and the grand prix visitors have been fleeced, so why is petrol going up at such a rapid rate? Is it worth asking the OFT to look into it or are they still on shells payroll?

 

Do you live in a cave?

  • Like 3
Link to post
Share on other sites

 

Have I missed something here. TT is over and the grand prix visitors have been fleeced, so why is petrol going up at such a rapid rate? Is it worth asking the OFT to look into it or are they still on shells payroll?

 

Do you live in a cave?

Of course not...he wouldn't need petrol otherwise.

 

post-2251-0-29779600-1476686730_thumb.jpg

  • Like 5
Link to post
Share on other sites

It is simply down to exchange rates. The price of wholesale petrol has actually come down from its May height of around $1.60 per us gallon to $1.50, however, the £$ exchange rate has gone from 1.38 to 1.22. The net effect is to push the sterling price up by about 10% to about 40P a litre. Add to that duty, profit, operating costs and VAT and we will see an overall 6P per litre rise on the retail price. However, the exchange rate is likely to move further and the wholesale price of unleaded is also likely to fall further.

Link to post
Share on other sites

Have I missed something here. TT is over and the grand prix visitors have been fleeced, so why is petrol going up at such a rapid rate? Is it worth asking the OFT to look into it or are they still on shells payroll?

Oil is priced and sold in Dollars. If it has escaped your notice sterling has slumped about 20% against the dollar in the last few months as a bunch of misguided jingoistic English knob ends want to leave Europe so it costs a lot more to buy.

Edited by BossHogg
Link to post
Share on other sites

With part of it rank opportunism passed off as brexit fallout to persuade knobheads like yourself that you are right They'd be fools not to

It's called economics Stinky. If a currency goes up 20% and goods are exclusively priced in that currency then the cost to the buyer in another currency has just gone up 20%. The buyer either absorbs that cost or elects to pass it on. It's a bit different to the Marmite debate in the Daily Mail.

Link to post
Share on other sites

A "weaker" pound will surely help our tourism industry and strengthen our exports. What a good thing we still manufacture things and can export.......uh........

 

And increase inflation...

Link to post
Share on other sites

Why isn't the UK investing more in renewable or homegrown energy and fuel production? We know the technology exists and can be developed and implemented, yet we're still hooked on Saudi oil.

 

Have you seen how many wind and solar farms there are around the UK?

 

Just how much renewable is there on the rock?

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.


×
×
  • Create New...