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.