Will petrol ever go down?

[Russ]

I shot the messenger in 2004 when I first read it

[peterb]

I shot the messenger in 2004 when I first read it

And before that...

http://www.breakthechain.org/exclusives/exxon.html

[[GSV]Trig]

And before that...

http://www.breakthechain.org/exclusives/exxon.html

You say before that, yet your source says 2006..
That'd be after surely

[peterb]

The source article is dated 2006, referring back to events that happened 7 years earlier! (Now if it was the other way round, that would be news!)

[yamangman]

The Gord' giveth, and he taketh away. Then keepeth the taketh.

No its never going to go below £1 without a massive change in taxation or international economics.

In fact because new labour have buttocks fornicated the economy so badly, its likely the pound will de-value further, forcing the price up even more.

If you voted for em, well its your own stupid fault.

So, speaking from the authoratative position of not knowing what any other party would have done in the same situation. My my, can I borrow that crystal ball of yours, I'd use it for much more interesting purposes.

[aidanjt]

You don't need a crystal ball, just go down to Tescos and grab a box of 'Grasp of the Obvious Staring you in the Face'.

[TeePee]

Peak oil is BS.

The high cost in the UK is a product of high taxation and the comparatively weak pound.

In 2007, petrol prices here were around the $2.50 a gallon mark (with some fluctuations). Right now they're about $2.70.

[yamangman]

You don't need a crystal ball, just go down to Tescos and grab a box of 'Grasp of the Obvious Staring you in the Face'.

Ah so we would be the only country in the world not in a recession with a Tory government. How'd you figure?

[TAKTAK]

Peak oil is BS.

The high cost in the UK is a product of high taxation and the comparatively weak pound.

In 2007, petrol prices here were around the $2.50 a gallon mark (with some fluctuations). Right now they're about $2.70.

But that's for a gallon

So 3.8l (because of the silly American way of defining gallons)

so to get the same we're talking 3.8l * ~ 118p = £4.48 per American gallon, is what we're paying

$2.70 in £'s is £1.77 (XE.com) is what you're paying

So we're paying £2.71 (per 3.8litres) more than our American cousins

(i hadn't realised that it was *that* big a difference, i thought it was around £1.50 )

[TeePee]

The difference is because of the tax, mainly.

We pay 18.4 cents per gallon in federal tax, 43.4 cents in state tax and 3 cents to the city of Eugene. The total is about a third of the price made from tax. Compared to two thirds(?) in the UK.

[Lucio]

1/4 drop in the price of the pound?


Double in the price of oil from the low?

Those graphs are interesting, but I wonder what they'd look like if you priced the barrels in £ sterling based on the exchange rate?

[Fatboy40]

The petrol market in the UK is ridiculously low-margin

Yep, it's no fun runnning a petrol station.

One I regularly go to, run by some pretty nice people, is next to a secondary school and they're terrified of school holidays as their profits just plumit. On petrol sales alone they could not survive as a business

The tax on fuel is just far to high, however, I'm worried that by now as a country we're not seriously working on alternatives. We should be heavily investing in nuclear power, and the infrastructure to support it and safely deal with the spent fuel.

[[GSV]Trig]

Shush!!
Dont say nuclear power ffs...

But yes, I think we should go nuclear.

[Fatboy40]

Shush!!
Dont say nuclear power ffs...

Yep, it's a bit of a dirty word here in the UK.

Look at the energy independance France has due to their investment in it, a lovely infrastructure all ready for supporting electric cars. The buggers even export their electricity and generate a profit from it !.

[pp05]

a question for everyone:

What is the point the price needs to reach before you guys think - I'm not using the car.

Years ago when it around 80p, people used to say £1.10 would be that point but when it got there people were using cars.


So yeah.. whats your breaking point? £1.50.. 1.70..£2.. £2.50 per litre... more.. drop a figure..

[[GSV]Trig]

Maybe use the car less, drive more economically, never use a car, for me, never happen which is what the government are wanting, it doesnt matter how good public transport is, and where I am its not bad as far as number of buses running but the cost is probably more than getting in the car and driving and its not as convenient so people will always use the car where they can.