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Author Topic: What's going on?  (Read 968 times)

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Del Boy

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What's going on?
« on: 31 March 2011, 13:02:11 »

I've noticed, every fuel station in Ashford has put their prices up! One of them is an ESSO station that was £1.35.9 for unleaded and £1.40.5 for diesel, now it's £1.36.9 for unleaded and £1.42.5 for diesel. Shell is another example yesterday it was £1.31.9 for unleaded and £1.37.9 for diesel, again it's gone up too £1.32.9 for unleaded and £1.39.9 for diesel. Anyone know why this is?
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Proz

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Re: What's going on?
« Reply #1 on: 31 March 2011, 13:03:32 »

Because they can and love giving the motorist a good shafting  >:( >:( >:( >:(
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Mysteryman

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Re: What's going on?
« Reply #2 on: 31 March 2011, 13:05:00 »

They're playing games with you Del. They'll change it all again later. ;D
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TheBoy

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Re: What's going on?
« Reply #3 on: 31 March 2011, 13:19:58 »

Oil prices are still rising due to concerns in the oil producing nations....
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Lizzie_Zoom

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Re: What's going on?
« Reply #4 on: 31 March 2011, 15:42:03 »

Today Del the ESSO in Windcheap, Canterbury, had Unleaded at £1.299 a litre! :y :y

So did ASDA and the other ESSO in Sturry Road 8-) 8-)
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bob.dent

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Re: What's going on?
« Reply #5 on: 31 March 2011, 15:47:41 »

Quote
Oil prices are still rising due to concerns in the oil producing nations....

So where the hell does all our North Sea oil go? :-/
Probably exported so the government can grab even more tax! >:(
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Lizzie_Zoom

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Re: What's going on?
« Reply #6 on: 31 March 2011, 15:54:55 »

Quote
Quote
Oil prices are still rising due to concerns in the oil producing nations....

So where the hell does all our North Sea oil go? :-/
Probably exported so the government can grab even more tax! >:(


As I have always understood it N.Sea oil is light crude, whereas the oil that is needed to produce petrol from is heavy crude, and that comes from those "other" oil producing nations ;)
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Del Boy

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Re: What's going on?
« Reply #7 on: 31 March 2011, 16:41:14 »

Quote
Today Del the ESSO in Windcheap, Canterbury, had Unleaded at £1.299 a litre! :y :y

So did ASDA and the other ESSO in Sturry Road 8-) 8-)

That's a penny up on what is was last week though :'(
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albitz

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Re: What's going on?
« Reply #8 on: 31 March 2011, 17:04:47 »

I read yesterday that "experts" predict petrol at £1.50 per litre within weeks. :'(
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Dishevelled Den

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Re: What's going on?
« Reply #9 on: 31 March 2011, 17:58:11 »

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I read yesterday that "experts" predict petrol at £1.50 per litre within weeks. :'(

....and on towards £2 + should there be further difficulty in Bahrain and Syria I would think.
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Del Boy

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Re: What's going on?
« Reply #10 on: 31 March 2011, 18:00:03 »

I think the Libya thing is a load of old trap, it accounts for 2% of the worlds oil, granted that's still a fair chunk but not to make that much of a difference.
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Dishevelled Den

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Re: What's going on?
« Reply #11 on: 31 March 2011, 18:04:42 »

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I think the Libya thing is a load of old trap, it accounts for 2% of the worlds oil, granted that's still a fair chunk but not to make that much of a difference.

I would think it's the potential for greater destabilisation in the region that figures more in the price rises we see at the moment Del.
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Varche

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Re: What's going on?
« Reply #12 on: 31 March 2011, 19:35:03 »

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I think the Libya thing is a load of old trap, it accounts for 2% of the worlds oil, granted that's still a fair chunk but not to make that much of a difference.

There is plenty of oil around. The gamblers are to blame for pushing the price up on what is laughingly called the commodities market. You can also gamble on pork bellies and other items. It would be nice if our OPEC friends would help out ..............

Britain gets 4% of its light crude oil from Libya. Spain gets 20%. We all just have to go elsewhere!
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Del Boy

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Re: What's going on?
« Reply #13 on: 01 April 2011, 16:54:21 »

Again the price has gone up another penny today on both unleaded and diesel. I though they said if the oil companies increased the price, they'd take an equal amount of the duty?
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Entwood

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Re: What's going on?
« Reply #14 on: 01 April 2011, 22:18:40 »

Just open your eyes and ears and read pages like this ..

http://www.ft.com/cms/s/0/6151337e-5c0d-11e0-bb56-00144feab49a.html#axzz1IJC4PEHF

Quote
Brent has gained 25 per cent since January 1, while WTI has risen 17 per cent.

It is not rocket science ... or greedy bankers..  or a government conspiracy .. it is simply the laws of supply and demand .. demand is high and the supply is "at risk" .. so the price rises ... 

Not nice for anyone ... but relatively simple ...

and it could get worse ..

http://www.ft.com/cms/s/0/87d60044-5bbb-11e0-b8e7-00144feab49a.html#axzz1IJC4PEHF
« Last Edit: 01 April 2011, 22:22:38 by entwood »
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