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4p rise in petrol

Started by: neverstill (940)

At Asda blooming scandalous!!

Started: 13th Oct 2021 at 10:28

Posted by: mortarmillbill (728)

And it is still cheaper than most other petrol stations.

Replied: 13th Oct 2021 at 10:39

Posted by: Billinge Biker (988) 

Put a squirt of diesel in my motor yesterday.... First visit to the pumps in 3 weeks.... Diesel £1.34 a litre at sainsbury marus bridge... Up by me in Billinge £1.43 a litre... No brainer.

Replied: 13th Oct 2021 at 12:54

Posted by: PeterP (8919)

Say it quick petrol between £6 and £7 per gallon Billinge Biker I have found that the nearer you get to Southport the dearer the fuel. Normally If you go to Leigh at times it is the cheapest

Replied: 13th Oct 2021 at 13:17

Posted by: GOLDEN BEAR (4310) 

The world price of crude oil has only just gone to $80 per barrel ,,, only just a couple or three years back the crude price shot thro the roof to around
$130 per barrel then petrol went up to just over a £ 1 per litre,since we have had a pandemic were oil price's slumped , now here we are just been thro a rush a the garages again and it has has only taken a matter of days for the GREEDY OIL BARON'S AND THOSE WHO OWN THE PETROL STATION'S TO JACK UP THE PRICE YET AGAIN ..... Tesco's put theirs up today in wigan ..One thing i would like to see since we are no longer in the EU is to make petrol stations showing price's PER GALLON THEN AND ONLY THEN WILL MOTORIST'S START GIVING THEIR MPs SOME BLOODY STICK especially when l PETER P QUOTES PUTS THE PRICE IN GALLONS ...........GB

Replied: 13th Oct 2021 at 13:33

Posted by: Tommy Two Stroke (8343)

PeterP

The moral of thar story is "keep away from Southport"

Replied: 13th Oct 2021 at 13:37

Posted by: broady (17434) 

The highest price for oil in the last ten years was $110 and that was in 2012. Where do you get the $130 a barrel three years ago from? In 2018 the high was $77 and low $44.

Replied: 13th Oct 2021 at 13:51
Last edited by broady: 13th Oct 2021 at 13:54:02

Posted by: tonker (24215) 

PeterP, I got diesel at Leigh Sainsbury's yesterday. It was 133.9 a litre. Asda was 134.7.
Tesco, on Bolton Road, in Ashton was 143.9.

Last week, in Mora, it was €1.12 (less than a quid) at the station and 78 cents for red at the agricola co-op.

Replied: 13th Oct 2021 at 16:33

Posted by: Tommy Two Stroke (8343)

It'll be reet after Christmas, when the demand for everything drops

Replied: 13th Oct 2021 at 17:05

Posted by: whups (7279) 

it,s wot you voted for 1stroke .

Replied: 13th Oct 2021 at 23:45

Posted by: Tommy Two Stroke (8343)

When the pandemic hit, and almost overnight the demand for fuel ceased, there was a 'glut' of both unrefined crude oil, and refined petroleum products, such as petrol and diesel around the world, so production of crude oil was cut to almost zero, the 'glut' drove down prices, and consequently in the UK, petrol and diesel were selling at just over a pound a litre.

Eventually the situation stabilised and crude oil was produced at a rate to match demand, so and here is the problem, as vaccination rates and efficacy, started to finally beat the pandemic, and countries opened up, and folk who had amassed a few bob, but had not been able to spend it, started to spend again, this created a massive surge in demand for all products, but the problem then was that it was not only a matter of turning on the tap, and letting the crude oil flow, but turning on all the logistical, manufacturing and end point transportation of the supply train, to get petroleum based products, from under the desserts of the Middle East, and into the consumer markets, and there are hell of a lot of products made from crude oil, or requiring the energy of crude oil to be made.

In the oil fields, were there enough qualified staff available to resume pumping oil out of the oil wells. or had they been laid off, and had found other jobs ?

Where were the crude oil tankers? and when called up, did those tankers have crews available to resume transporting crude oil from the oil fields of the Middle East, to the refineries in the UK and elsewhere in the world, or had those crews been laid off, and had found other jobs ?

I could go on and on and on, but yoo get the point don't yoo, that switching the economies of the world back on, is not like flipping a light switch is it, although a big increase in demand was foreseen, the actual demand turned out to be far more than what was planned for, hence the shortages.

BUT

That demand will increase supply, and it is just a matter of time before supply catches up with demand, the lack of supply has and will continue to push up prices, and when demand equals, and then exceeds supply, which it will doo, then prices will fall.

It is an economic fact

And no Whupsy, it is not what folk voted for.

Even if we were still in the EU, with the closed borders, and quarantine
restrictions, which have been in place to control the pandemic, would EU HGV drivers have been able to carry on working over here, or would they had to return to their home country, and stay and work there ?

Replied: 14th Oct 2021 at 21:43
Last edited by Tommy Two Stroke: 14th Oct 2021 at 21:46:27

Posted by: GOLDEN BEAR (4310) 

Hello Broady , I don't want to sound facetious about your comment but i will say i made a terrible error by saying "" in the last 3 years "" What i should have said was that it was in the year 2008 July that the price of crude oil shot up and reached a record $147.27 a Barrel And at that time we were paying around £ 1.00 per litre for our petrol , Though in that year i December the price plummeted to $ 34 .00 per Barrel .. I suppose what i was trying to say was that when crude oil goes up obviously petrol per liter goes up , BUT when it come s way back down petrol at the pump does not reflect the same drop ,that's all the point i was making i apologise for any mix up Broady .........GB

Replied: 16th Oct 2021 at 16:31

Posted by: tonker (24215) 

Potatoes and chips come to mind!

Replied: 16th Oct 2021 at 16:43

 

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