Petrol prices

[lew600fazer]

I wonder when we will see fuel prices like these in the UK or Spain for that matter.
https://www.facebook.com/photo.php?fbid=...630&type=1

[YamFazFan]

There was a petrol station in Chelsea in the news yesterday that was charging £1:79.9p per litre of super-unleaded! :eek.

[lew600fazer]

£1.79, Well suppose they can afford to pay that kind on money down there, not like us poor northerners. :rollin

[darrsi]

Can't help but notice that it has no cars!


http://www.dailymail.co.uk/news/article-...board.html

[keithfzs1000]

1.15 at moment and falling lol

[red98]

Filled my pick up........up.........yesterday, always run it till the light comes on and a bit more, its been taking just over £50 , yesterday........£42..........I like that    :thumbup

[YamFazFan]

I always fill my Mazda6 right up to full when it gets down to about 1/2 way between 1/4 tank & empty,which usually lasts approx 3 weeks,but just lately I've been topping it up more often while the prices are lower (thinking they might rocket up again soon).I'm now wondering how much of the potential saving I am losing because i'm carrying more fuel weight around for longer :rolleyes

[red98]

I think the price is due to go up in jan/feb, not the oil companys this time but the government. ?...vaguely remember it being mentioned in the last budget.... :thumbdown

[nick crisp]

But they're also talking about further drops in oil prices passing on to the pumps, so will it balance out? I can see there being some very disgruntled folks if it doesn't.

[darrsi]

But they're also talking about further drops in oil prices passing on to the pumps, so will it balance out? I can see there being some very disgruntled folks if it doesn't.

What can you do though, not buy it?
They can do whatever they want!

[YamFazFan]

Top fuel saving tips....


http://www.moneysavingexpert.com/travel/

(in the 'Cheap petrol & diesel' category)

[noggythenog]

I just say enjoy it while it lasts


It's like the feeling when you find a fiver in an old pairs of jeans. I found £20 in my bike jacket i was made up


We dont often get such special treats

[Aegis Bearing Mel]

I was $1.979 a litre yesterday, quite happy as it's dropped from about $2.20 or so over the course of the last month.
Works out at 0.979 quid a litre.

[lew600fazer]

Filled the car up yesterday €1.11 a litre Deisel. Went out on the bike €1.18 a litre and that was at a very expensive BP station Have seen it a low as €1.15. So what excuse will Osbourne have for putting 3p on fuel duty in the new year. Britain has it's own oil not sure how much oil Spain produces, typical rip off fecking Britain.

[mtread]

Fuel duty will be frozen until at least after the next election (May 2015)
https://www.gov.uk/government/speeches/c...014-speech
so just enjoy 

[slappy]

Fuel prices are dropping because there is a glut of oil at the moment due to over production. The oil firms will produce less now to force the price per barrel back up. The company I work for make the parts that sit on the seabed below the rigs and we have no significant orders for next year or 2016, but we were flat opt for the last 3 years.

[Gingernutz]

I met an economist the other day - lecturer in Uni- and he reckons that the price may stay low for a while. His theory - the Saudis are trying to make it uneconomical to frack shale for oil and gas. The process is very dear and if the price of oil doesn't make it worth while they will have to stop. The US is self sufficient for oil due to fracking so this is seen as a big threat to OPEC. How much is behind this? Who knows

[lew600fazer]

BP have just signed up for a fracking deal off shore Qartar for LNG gas.
There could be a lot in what you say though. The Saudis are to late to pull that stroke. The yanks are already commited to fracking and are using it as a lever to piss off the Russians as they are shipping gas to Europe now. When Putin threatens to shut the gas valve to EU countries there is a very good chance the EU may say go ahead then but if you do, do not bother opening it again as we have an alternative supplier.

[mtread]

I think what's quite clear, is that the price is not down to the natural market forces of supply and demand. It's a political/commercial weapon, and us poor sods will end up paying whatever we're told to pay !
Hope low prices last until next summer  :woot

[VNA]

Here's a thought.

I wonder what the price of petrol was the last time oil was 60-65 dollars a barrel.

I don't know, but I'd guess it would have been well under one quid a litre.