Down 3p at my local Tesco to 196.9p/l.
Still distressingly high, but have we turned a corner?
Here, yes a bit. Diesel down from £1.99 to £1.95.
Whether they stay down who knows🤷♂️
Can't see it, not when people are still buying it at these prices.
Yes I know we have to get to work etc but our local filling station is always as rammed as ever, no sign of a reduction in buying. The amount of traffic on a Sunday is a giveaway too, took me 10 minutes to cross the A59 last week with the bike.
wholesale prices have been dropping for a while now, so that should be filtering through to pump prices now - arguably it should have started filtering through sooner.
£108.75 to fill my van last night! 199.9p per litre, so not round here!
Bloody wish they would because I'm working long days at the moment, (no 1/2 drive 1/2 bike commute) plus no chance of a work from home is a bit of a stinger.
Slowly
But need the pound to improve
Up like a rocket, down like a feather. Hopefully the start of something, but I suspect it’s just a blip
Nerves around the investigation into them starting to show at the pumps perhaps?
our local filling station is always as rammed as ever, no sign of a reduction in buying
how much of the population in reality are really rich enough to have the capacity to be able to cut down their unneccesary or leisure miles, but poor enough to need to?
The high prices mean more people hopefully will care about saving that 1 or 2p a litre and will start voting with their feet (wheels?) to seek out the cheapest fuel in their area leading to a bit of a race to the bottom.
Isn’t the usual pattern that prices rise then stabilise then drop enough for us to think they’re “OK” again albeit the baseline price is higher than before?
£1.7998 on fuel card, so yes.
Hope (selfishly) it drops in time for my holiday.
Not round here...diesel still 199.9, petrol seems to be about 192.9 but I've no idea if that is good or bad.
I suspect it will come down but also reckon it'll be at a snails pace as we keep buying regardless of price.
Not here.
It cost me just under £9 yesterday to return the loan car. Impressed though as it was a Q2 petrol and did 50 mpg.
Any price falls are likely to be in response to today's CMA report
https://www.bbc.co.uk/news/business-62090621
i see that costco at trafford park has diesel at £1.92 which is a fair bit cheaper than others i have seen recently.
The difference between crude oil and the wholesale price of petrol and diesel had tripled in the past year from 10p to nearly 35p per litre. The CMA said the increase accounts for over 40% - or 24p per litre - of the rise in fuel prices over the past year.
Don't worry about about energy price forecasts - zahawi to the rescue!
Or not...
Sorry if this is a little OT, but a question for anyone who knows about these things...
Does the energy price cap for the Autumn bring retail prices more in step with the wholesale price of energy, i.e. removing the loss margin for the suppliers?
Isn’t the usual pattern that prices rise then stabilise then drop enough for us to think they’re “OK” again albeit the baseline price is higher than before?
Prior to Putin invading Ukraine
How much have petrol prices really gone up in th last 30 years in terms of real world affordability?
Genuine question.
How much have petrol prices really gone up in th last 30 years in terms of real world affordability?
Someone had a nice graph back last october during the shortages.
It combined not only inflation/wages, but the increase in fuel economy of the average car over the years.
Ignoring the lockdown couldnt give it away stage, we basically have never had it as good, cost per mile, as we did in the (from memory) 2015-2021 era.
Still too cheap
Diesel still 199.9 around here. Remember the 99p at the start of covid!? I stop at £100 nowdays. cant stomach putting more in. That only gets me 3/4 of a tank!
Diesel still 199.9 around here.
And here.
Still too cheap
I hear what you're saying. I'll take even higher prices paired with huge investment in the alternatives. But one without the other is going to really pinch people hard. Take the really overly road dependent West Yorkshire... all the planned increased rail capacity and new routes have been cancelled, just as we enter the new reality of more realistic road fuel prices.
Whole sale prices started coming down a couple of week’s ago so that stock should be hitting the forecourt in the next week. Expect to see it first at high volume sites where they get new deliveries regularly. Smaller sites may take a few days more before they use what’s they bought at the higher price and can pass the lower cost of the new stock on.
I’d expect to see it come down 10 p or more over the next couple of weeks.
Re - petrol prices and inflation, there's a chart here that goes back to 1983.
http://www.speedlimit.org.uk/petrolprices.html
Cheapest was actually the early 90s. Most expensive was 2011-2014. His figure for 2022 was taken in April when prices were 159.9p, which was on the high side when adjusted for inflation but not crazily so.
The high of 2011-2014 was only 25% more expensive per litre than the 1983 base line.
what sort of mpg improvment occured over those 3 decades?
i see that costco at trafford park has diesel at £1.92 which is a fair bit cheaper than others i have seen recently.
They're always cheaper (and the fuel tends to be better allegedly) - they were about 7p/L cheaper than the Sainsbury's a mile away the other day.
That chart stops in April 2022 when fuel was £1.58/litre.
Heating oil is at its cheapest since late last year at 84p/l
what sort of mpg improvment occured over those 3 decades?
Probably not as much as you’d imagine as cars are almost twice the weight.
That chart stops in April 2022 when fuel was £1.58/litre.
Indeed. Probably a snapshot taken at the start of every financial year. So there will be some peaks in between each year's measurements, but in the long term it's a reasonable guide.
Probably not as much as you’d imagine as cars are almost twice the weight.
Dunno about that. First car I drove was a 950cc Fiesta mk2 from 1986 I think. Just looking at the specs, it had 44bhp, top speed of 85mph (verified!), 0-60 of 19.5s and weighed around 750kg. It returned about 35-40mpg. Not only that, it was utterly shit in all respects but that's not the point of this post. It also died of a rusty sub frame, I think around 1999-2000 with something like 80k on the clock.
Current car weighs 1800kg with 204bhp, does 48-55mpg, 0-60 in 7.8s and top speed of 150mph. And it's full of airbags, safety features and is approximately one million times better. My first decent car was about the same size - a Seat Ibiza - but it was much safer and better and did 60mpg. A more like-for-like comparison would be my parents' petrol automatic Honda Jazz which recently returned 50mpg on a trip to Wales.
So yeah. Modern cars are better in every respect, including fuel economy, despite being heavier. I do wonder how much they cost though. The 1986 car was probably something like £4k new? If so that'd be just under £10k now so yeah, cheaper than a modern Fiesta. Cheapest new car on Autotrader is an MG at £12k, that's still a rolling palace compared to that old PoS.
The drop will just be temporary if there is any ...
All governments will use the fuel price as political football from now on, especially when they are new in power and for the first few months they reward the people voting them to power, but after that it will get worst.
Together with some silly billy green agenda to save the world, you will have a minority of the society using this opportunity to rub salt into the wound.
It’s nice to see that Boris’ resignation added to the value of the £ against the $, thereby reducing the price of oil. See, he’s made you richer!
It’s nice to see that Boris’ resignation added to the value of the £ against the $, thereby reducing the price of oil. See, he’s made you richer!
Any adjustment will be temporary because many refuse to see the elephant in the room that is Russia.
Just put £40 in my tank about 2 hours ago. £2 a litre at the Shell in Derbyshire I just visited.
Insane.
what sort of mpg improvment occured over those 3 decades?
My MPG has doubled, 1978 Mk2 1300 escort 30mpg, 2020 1.6 diesel octavia 60mpg
but then again a lot are not driving something comparable to when they started driving
Local village (North Cotswolds) its £204.9 !!!
£2 a litre at the Shell in Derbyshire I just visited.
In Newcastle £2.05+ a litre at Esso for Super Premium ....
Normally I go for BP but they are becoming rarer nowadays and Esso is springing up all over.
Normally I go for BP but they are becoming rarer nowadays and Esso is springing up all over.
It is pretty much the same stuff you are buying as there are only a few refineries in the UK (I work in the Ineos one but how many Ineos petrol stations are there) Yet that refinery supplies pretty much all of Scotland and some northern England, Anyone who tells you BP supreme is better than Esso supreme is talking sh1t3
Yes. If we all forget thst the £ plummeted after the Brexit vote and has stayed low ever since, that's half the reason fuel is so pricey - because the ££ has been weak for 7 years.
Not around here, Chippenham-Westbury, they’re not. Clearly the petrol companies are profiteering, because the price of crude has dropped to around $100/barrel, and all of the different suppliers are exactly the same price, with the exception of Sainsbury’s and Morrison’s. Cartel, anyone?
@Sui may have a few things to say Falkirk mark.
How do Esso guarantee the synergy supreme 99+ to be ethanol free when Bp, shell etc don't?
And no, 192-5ish a litre for regular, 15 p more for super around South London, derv is 199ish.
Just paid 195.9 for diesel at the local Esso, which is the cheapest around here. Premium diesel is 208.9.
I've only had the TurboHearse for a few months and the first time I filled it up I used Shell Super at 168.9. That's the least I've paid for fuel for this car and the only time I've treated it to premium fuel.
194.9 for diesel at the Shell garage in Drum.
How do Esso guarantee the synergy supreme 99+ to be ethanol free when Bp, shell etc don’t?
From the Esso website
Although our pumps have E5 labels on them, our Synergy Supreme+ 99 is actually ethanol free (except, due to technical supply reasons, in Devon, Cornwall, North Wales, North England and Scotland)
Maybe down south the fuels come from specific refineries but a large part of the country just gets the generic fuel from the local refinery
£205.9/l for V-power unleaded in Bristol.
What the government needs to do is reduce vat on road fuel to 10%.
They were getting around 20p last year
At current pump prices they are getting 34p.
So halving the vat gets 17p
Yes, it will cost the treasury money, but if it encourages people to drive a wee bit more it kinda balaces out
Doesn't seem to be any change in South Wales, but then we've always had a pretty healthy amount of competition that has kept things pretty honest.
How much have petrol prices really gone up in th last 30 years in terms of real world affordability?
Genuine question.
While most people's wages haven't kept up with inflation over time for a long while the Minimum Wage has kind of tracked fuel prices. Back in '98/99 the Minimum Wage was £3.60 and a gallon of unleaded was roughly the same. Today the Minimum Wage is £9.50, again roughly the same as a gallon of unleaded. What has happened though is that we had a long period of relatively cheap fuel and wage stagnation for almost everyone else so that for real wages the price of a gallon of unleaded was basically flat (an hour I'd work equalled a gallon of fuel) but has now jumped far ahead of any wage increases.
That's my back of the napkin maths so it may be a bit out but the basic point is sound I think.
What the government needs to do is reduce vat on road fuel to 10%.
I don't think so that will just bump the oil companies bottom lines and delay a switch to a more sustainable transport strategy.
Today the Minimum Wage is £9.50, again roughly the same as a gallon of unleaded
How much are housing, energy and other costs of living now compared to then? How many miles are people obligated to drive based on the distribution of jobs?
but if it encourages people to drive a wee bit more
On the other hand current prices are encouraging some people to ditch the car for short journeys.
I'm not a fan of the fact that it's increasing the divide between rich and the poor, but short of means testing petrol I'm not entirely sure what to suggest.
No shortage of people rocketing up the M1 at 90+ yesterday so I guess it's not a huge problem just yet.
singletrackmind
Full MemberWhat the government needs to do is reduce vat on road fuel to 10%.
Basically ditch the vat and charge a fixed fuel duty so that it's price insensitive. But that'd stop them from pretending that 5p off duty is generous
@neilnevill - and FM
There isnt a straight forward answer to this - in some respects FM is correct, with the exception of the Add packs used by the majors. However - depending on where in the country you are, the base fuel can be different, especially in the South where there is a large mix of imports, Fawley material and Stanlow. Some of these grades are "reserved", but depends on what the marketing men want to do. I.e. in some parts of the South you can actually get ethanol free material, but not up north because it's likely they are using exchange agreements (i.e. they all buy material from a handful of sources).
The Grangemouth refinery clearly supplies predominantly Scotland, however it does barge out material, this "could end up in the UK still, it could also go of to another country, conversely some terminals also import.
The add packs are designed in conjunction with typical qualities used within the area, sometimes the dose rates might change if the quality changes sufficiently, or a different technology will be added to counter some undesirables -a mix of marketing and economics will always pull the levers on what product is used and where though.
Back to the point around fuel prices dropping – it is starting to happen in some areas, but the market is still so volatile. I do feel for the government (a bit) on this, the 5ppl duty cut was a knee jerk reaction for the voters, the problem is trying to police that it’s being passed on, clearly a lot of retailers took the p155 on this. VAT you’d argue is the easiest thing, the problem there, only the consumer benefits, logistics co’s etc don’t pay VAT on their fuel anyway – so they loose out.
Frankly, the major oils co’s could/should control the markets, there is still plenty of material around..
I paid 185.9/l for diesel at Costco today.
Unleaded was cheaper but I can't remember by how much.
This is compared to the 197/l I had to pay at Sainsbury's on Sunday for a
400 mile round trip to London.... Yay 😒
not sure if this has been covered but should the government set a price control like with water to prevent excessive price rises and profiteering
https://www.ofwat.gov.uk/households/your-water-company/profits/
£1.95.9 for dirty diesel at my local sainsburys on friday
196.9 at Tesco Basildon yesterday - down from 199.9 a week ago.
Gone up again here (IV12). Diesel dropped to 195, now back to 199.
not sure if this has been covered but should the government set a price control like with water to prevent excessive price rises and profiteering
So which companies do you think might be profiteering? The oil Producing companies, who operate in a global market and have no influence on the price as it is set by the market, the oil refiners who largely also work in a global market and can't set the price, or the retailers who really don't make that much profit at all? the only way that I can see for the government to act is by adjusting the duty on petrol and diesel.
the price of petrol is high for a variety of reasons, Not least the high oil dollar price price, the fall in thevalue of the pound wrt to the US dollar, and reduced refining capacity now that we (i.e. the west) aren't buying refined prduct from Russia. Private companies have no influence on any of these factors.
price in ambleside has dropped again, 189.9 for diesel and 179.9 for unleaded, cheapest in the area by about 5p a liter including the supermarkets in kendal.
don't know whats going on, very rare for anything to be cheaper in ambleside.
They seem to have settled and perhaps softened a bit near me. Branded Garages are still showing diesel at 199.9, they seem to be reluctant to break the £2 barrier. E10 is back to £1.85ish in ASDA.
I'm looking forward to the School Summer Hols starting soon, I'm going to try to mothball my Car 6 days a week.
What the good lord giveth etc.
This is the one that's going to **** people over, 55% increase on the already high fuel cap is going to be crushing. I feel very, very lucky to have fixed at 22% over the current cap when they were a glimmer of hope a few weeks back.
Heating oil down to 85ppl compared to 105ppl a few weeks ago; that’s a fairly substantial drop, percentage wise. I don’t understand why we aren’t seeing similar fluctuations in road fuel. If anything the higher tax component of the price should make changes more noticeable.
Are people seeing fuel price drops?
My Facebook is full of stories of petrol stations dropping prices however locally to me diesel is still 1.99. If I drive 20 miles away it’s 1.92 but still that isn’t great
Filled up yesterday morning and it was 191.9 for diesel.
When I went post in the red Denning it had dropped to 189.9.
That's neat Peterborough.
175 unleaded yesterday at tesco
Funny how thinking changes...as it was on the way up I was really unimpressed when it got to 1.70...however, now I'm seeing it has dropped to 1.75, I'm suddenly thinking that that is good news!
An Esso near where we’re staying dropped their diesel from £1.92 to £1.89 two days ago. They don’t put .9 on the end. New Milton, Hampshire.
Still £1.94.9 at Morrisons Evesham (the only garage I pass on my ride to work).
They don’t put .9 on the end.
The would get my business for that reason alone.
179.7 unleaded at Morrisons Bredbury (Stockport) - Reddish are 175. BP etc, don't make me laugh !
I filled up at Sainsburys two weeks ago, it was 198.9p a litre for diesel. Filled up yesterday and it has dropped to 189.9p a litre.
As DickBaton says, you good about a 9p price drop, but it’s still 50p a litre more than it was 6 months ago.
Still around the mid 80s in most of Manchester for unleaded. Local Shell is £1.85, local Tesco is £1.86, local Texaco is also £1.86. Oil seems to have settled at around $106 a barrel, so I'd maybe expect another slight drop and then it to hold for a bit.
Asda in Galashiels peaked at 1.99 for diesel, I topped up at 1.95 a fortnight ago, was 1.86 yesterday.
I didn't drive often anyway, a few long journeys rather than lots of little ones, but I've still found myself heading out in the rain on the bike recently where previously I might have wimped out and taken the van
£1.63 petrol, £1.79 diesel a couple of days ago in Abergavenny, trouble is they're blocking all the roads queueing for it. You can't win.
Is everybody using the Petrol Prices app?
I work about 20 miles away from where I live so when I fill up it's dead easy to check where the cheapest is and decide where I'm going to spend my money. Where I work it's currently 181p for petrol and 191 for diesel - a home it's 176p for petrol and 190 for diesel. You can report prices on there too to spread the karma or correct anything that's not right.
It's never worth driving miles out of your way but if you're going there anyway it's all good.
Some fuel prices don’t seem to be dropping.
Charging the car at home now is about double the price it was this time last year: £0.28/kWh compared with ~£0.15/kWh. Down in Cornwall last week I paid up to £0.57/kWh at some chargers.
Ha, the old electricity instead of petrol gambit! That's actually quite interesting for me - my new petrol / electric hybrid company car should have been here in Jan and have just heard that it's been cancelled so I now have the choice of a different less efficient hybrid or a full electric. So a 60kw car will cost me £16.80 to charge at home for 280 miles whereas my current diesel is £93 for 650 miles. That's 6p per mile vs 14.3p for the diesel. Or 12p per mile using an expensive public charger. Still better - and I realise that I won't be filling a leccy car from empty or getting the full mileage but, y'know for comparison it's interesting.
Just filled up the van @ £186.7 a litre for diesel. The garage is an indy and seems to be at war with one 2 miles away who's diesel was 186.9 a litre