Omega Owners Forum
Chat Area => General Car Chat => Topic started by: Lizzie Zoom on 17 August 2023, 17:22:27
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I have noticed, with a shock, that down here the petrol prices that had been coming down have now gone to average of £1.479p for a litre; that is an extra 4p per litre on last week. Prices had been steadily going down.
So, what has happened now for this to happen yet again? :-\ :-\
The usual suspects are the War, China, Saudi, the dollar, exchange rates............................................!!
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Last week I filled up twice in the same day at Costco Avonmouth. In the morning diesel was £1.379 ltr and in the afternoon it was £1.399! ::)
Generally round here though it's gone back up to around £1.50 ltr. :(
I think it's mostly down to the Saudi's cutting production of crude oil. Of course if Trumpy was in the White House he'd be encouraging US oil & gas producers to ramp up production to compensate, but Sleepy Joe is... well.... asleep! ;D
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I saw prices of £1.44 last week
Still 44% higher than the lowest during Covid.
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Varied prices in Lincs & Cambs some are up to 12 pence a litre more than one just up the road, fortunately we don't do many miles I only do around 4,000 per year & SWMBO around 3,000 in fact she's talking about selling the MX5 as its just not being used it has only got just over 400 miles on the clock.
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Been in the news enough, oil prices up around 20% over the last month.
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Why are petrol and diesel prices increasing?
Retailers are pushing prices higher on the back of rising oil and wholesale costs.
The wholesale price of petrol rose by 6p last month due to the higher cost of a barrel of oil, which jumped by $10 in July.
Oil rose from around $74 a barrel at the start of the month to $85.56 by 31 July - and remains around the same level today.
This is the highest oil price posted since the middle of April.
For British drivers the situation is exacerbated by the pound having fallen against the US dollar since mid-July, declining from a recent peak of $1.31 to $1.27.
This is causing 'wholesale prices to rise significantly', according to the RAC's fuel price expert, Simon Williams, who added that retailers are 'wasting no time in passing this on to drivers' as they lumped an extra 2p-a-litre on the price of petrol by the end of last month.
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I saw prices of £1.44 last week
Still 44% higher than the lowest during Covid.
It's also been £2+ per ltr since then too
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Last week I filled up twice in the same day at Costco Avonmouth. In the morning diesel was £1.379 ltr and in the afternoon it was £1.399! ::)
Generally round here though it's gone back up to around £1.50 ltr. :(
I think it's mostly down to the Saudi's cutting production of crude oil. Of course if Trumpy was in the White House he'd be encouraging US oil & gas producers to ramp up production to compensate, but Sleepy Joe is... well.... asleep! ;D
Yep. Something like 8p a litre has been added. :-X
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'Brand' filling stations around here are now about £1.55 for both petrol and diesel. Salnsbury near me is still £1.46 this afternoon.
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It's almost £1.50 a litre here in Plymouth. I'll find out tomorrow what it is at home.
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£1.49 in Chichester this afternoon.
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£1.42 Petrol & £1.46 Diesel Sainsbury's Spalding this morning.
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Just been into local Sains and it's gone up 3p a litre on both. ::)
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I paid £1.43 for diesel yesterday at Sainsbury's. Obviously, they'd only let me have £99, so I couldn't fill it. Petrol was £1.37 I think.
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Disesal was £1.50 at Asda Colchester this afternoon
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Both diesel & petrol up by 5p a litre since yesterday at Sainsbury's.
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There seems to be some profiteering going on at the moment. I thought that it took a couple of months for the oil companies to be hit by the higher prices. Or perhaps i'm barking up the wrong tree. :-\
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Was at a classic car show this weekend in my Triumph, and en route it was very flat and had no go about it, and I was literally watching the fuel gauge go down. Got there and the fuel light was flashing. The exhaust pipe was jet black and heavily sooted. Found the cause - one of the carb pistons had stuck. When I left, I went to the nearest BP garage, rather than risk running out, and the robbing barskets were charging £1.99.9p per litre for 97 Super Unleaded.... >:(
Needless to say, I only put a few quid in to get me to the nearest Tesco for their 99 Momentum. When I complained about the exorbitant price at BP, the Asians behind the counter just replied, ' It's the good petrol mate, innit, 97'.
The fuel at the Tesco fuel was £1.53.9p.
The BP garage price was an absolute rip off, and they shouldn't be allowed to get away with charging that much (although I accept the price flagged up when the pump was authorised).
Super Unleaded price though is rarely advertised on the roadside signs. But I had no option due to necessity...
Daylight robbery.... >:( >:(
Art least it ran like a sewing machine on the way home.... :y
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There seems to be some profiteering going on at the moment. I thought that it took a couple of months for the oil companies to be hit by the higher prices. Or perhaps i'm barking up the wrong tree. :-\
I don't think you're wrong, petrol retailers have always operated on the rocket and feather pricing model. When wholesale prices go up, theirs shoot up immediately, when they come back down, retail prices fall nice and slowly because the 'buy well ahead of time'. ::)
Unfortunately, unless you want to either go electric, or get hold of an old diesel merc and a lot of cooking oil, we have no choice but to take the shafting...
£1.459p round here at the moment
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There seems to be some profiteering going on at the moment. I thought that it took a couple of months for the oil companies to be hit by the higher prices. Or perhaps i'm barking up the wrong tree. :-\
I don't think you're wrong, petrol retailers have always operated on the rocket and feather pricing model. When wholesale prices go up, theirs shoot up immediately, when they come back down, retail prices fall nice and slowly because the 'buy well ahead of time'. ::)
Unfortunately, unless you want to either go electric, or get hold of an old diesel merc and a lot of cooking oil, we have no choice but to take the shafting...
£1.459p round here at the moment
New veggie oil is almost as expensive as diesel these days so that's not worth doing anymore, and I wonder if your local chippy will give it away these days as I expect they sell it back to recyclers. :-\
Then there's all the hassle of filtering used veggie oil as well. ::)
I've run a couple of old diesels on new veggie oil though and saved sacks loads of cash! :y
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My guess is that the Govt are quietly agnostic to consumer fuel prices going up on the basis that it makes electric cars seem more economic - or rather less un-economic.
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My guess is that the Govt are quietly agnostic to consumer fuel prices going up on the basis that it makes electric cars seem more economic - or rather less un-economic.
Spot on. In the real world, EVs only make economic sense for a relatively small percentage of the population - mostly those of us who are receiving an un-lubed shaft courtesy of HMRC.
I've run a couple of old diesels on new veggie oil though and saved sacks loads of cash! :y
Central heating oil isn't too bad, and they'll even let you keep a massive tank of the stuff at home for personal use! :-X :y
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Got to a set of traffic lights yesterday morning and a petrol station just beyond the lights had 147.8[E10]and 151.8[diesel]on their electronic sign.Stooped at the lights as they were on red,by the time they'd changed to green the petrol station sign had changed to 148.8 and 152.8 respectively :o No fuel tanker in sight so it wasn't even as though they'd had a delivery >:(
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Shell garage on A14 near Kettering was showing £161.9 when i went past this morning on the way home from Daventry. Needless to say i kept going. ;D Robbing barstewards. >:(
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Same here in Spain.
Prices just keep going up. Press here says Russia and our “ friends” the Saudis have cut production.
Diesel was 168.9 euros yesterday.
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£1.77 for both on the M3 today.
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£1.77 for both on the M3 today.
Kin'ell. :o
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Obviously I didn't buy any ;)
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I think the record we saw in France was a motorway services near the chunnel offering SP95 for €2.25/L. Elsewhere it was around the 1.90 mark. :o