Petrol prices

[Alan Harper's Tash]

My local garage has gone up 13p to 172.9 in under 10 days.

At that rate, we’ll be at £2 in a month.

How high are they going to go?

What has made them rise 13p in these 10 days?

 

[Gareth Barry Conlon]

Wholesale oil price is high but below the big spikes seen at the outset of the war. Petrol price should be calming down.

Wholesale Energy Prices for Oil, Gas and Electricity - Interactive Charts

Data is regularly updated and dates back to 2004. The interactive chart shows wholesale energy prices for oil, gas and electricity.

www.cliffordtalbot.co.uk

 

[bluethrunthru]

Diesel been £1.82 here - thank goodness we aren't heaping extra tax on energy suppliers like Shell and BP who run the filling stations here or they wouldn't be able to invest although as one has a Londis supermarket in it and another a SPAR both added in the last 12 months not sure what further investment there could be...... interestingly the purpose built Co-op shop/filling station on the edge of town and just off the bypass is selling diesel at £1.77.9

 

[MillisleBlue]

Incredible, isn't it?

As clear as day, I can remember me da pulling into a petrol station forecourt and asking the attendant for £1 worth of 4-star.

 

[metalblue]

No chance they will calm down anytime soon I’m afraid. Oil is not at historical highs but refining constraints have pushed the differentials out to record levels. As I said elsewhere western government policy has been to not pay for unused refining capacity to give energy security- so refining companies have been reducing capacity as they can’t really compete against cheap refining costs elsewhere in the world. Now we’ve lost Russian refining capacity we’re a bit…what’s the word…ah yes, fucked.

The current refined gate prices means some mothballed capacity makes sense to restart (I think that’s a startup time in days rather than weeks for the infrastructure but staffing is harder to understand, so maybe a couple of months in total) which will bring some extra capacity online and the governments new downstream oil resilience bill will give them powers to force refining companies to bring on stream more capacity where possible. Ideally to ensure refining companies don’t delay wondering if these prices make it viable for the next couple of years of operations the government should underwrite any unused capacity to make it a free swing.

 

[SWP's back]

It’s gone up to nearly 21p a litre where I live. Cost £15 to fill up yesterday. Can’t say I envy U.K. prices.

 

[Lee1983]

£1.71.7 per litre at costco for Diesel. You do need the annual membership though. Went in and got some supplies so saved over £20 vs where I normally shop.

 

[kaz7]

It was 160 something on panic buying day , last time i drove by last week it was 170 something already , bp, cheeky cunts

 

[metalblue]

Incredible, isn't it?

As clear as day, I can remember me da pulling into a petrol station forecourt and asking the attendant for £1 worth of 4-star.

And petrol stations weren’t afraid to show you the per gallon price!!

Ignoring that going to the per litre pricing was an EU directive… ;)

 

[idahoblues]

Er indoors is outdoors in California, she saw regular gas in Sacramento for $6.05….crazy price!
About $4.50 gallon locally