My local service station received fuel delivery this morning

A couple of the bowers were empty before delivery.
Price is AU$2.67 per litre. US$10.10 per gallon, UK1.39 per litre

I saw Ā£1.45 here yesterday. But people aren’t going crazy filling up.

1 Like

People go crazy at these times, how long before we see Tesla Drivers filling the trunk up :laughing:

1 Like

Filled up yesterday, $3.02 a gallon. Of course we pump/drill our own oil and refine our own. That is even with the Valero refinery fire. If everyone had the technology, they could of eep the costs down.

1 Like

The US may produce their own oil, but increased global demand for US oil will push the price up.

2 Likes

The US doesn’t tell or dictate countries to drill their oil, refine their fuel needs. Those that don’t plan ahead are normally the ones behind the power curve.
With or with out global demand their are only a few countries with low fuel prices than the US.
Yes, it’s the US fault. And we will complain about lower fuel costs than most of the world.

1 Like

Over Ā£1.60 per litre here for diesel Bretrick, but I haven’t seen empty pumps anywhere yet, except when the war first started a few weeks ago.
Personally I don’t care how expensive it goes up to, I don’t use all that much now I’m retired.
Other stuff like food will probably get more expensive, but any excuse, and it serves them right for not supporting local farmers and businesses. We are an economy that relies on lorries to keep us in the lap of luxury that we have come to expect. It never could last for ever could it… :009:
Modern society is like a house of cards, the higher it goes, the more unstable it gets.
A bit of rain or snow, a windy day, leaves on the line, potholes in the roads, sick folk queueing in the hospital corridors, power cuts, cars too expensive to run, and wait for the fun and games when the internet goes down…
:open_mouth:

2 Likes

It wouldn’t make any difference if you have local produce ogf, they still rely on supplies and power from outside the area. The oil price is globally determined unless the state intervenes. Which of course affects public funding

3 Likes

Even then it is quite difficult for a government to tell a bunch of oil companies to accept lower prices. So the global oil price does tend to be the one paid - whether taken out in your back yard or in another country.
The price of fuel at the pump is largely shaped by local taxation. So £1.45 a litre looks cheap as I paid 2.21 euro a litre yesterday - and the sterling/euro exchange rate is 1.16.
In 75 cents a litre is very cheap, even at 0.75 dollar to the pound.
One imagines the sales of EV’s will be soaring. I was in a MG SUV hybrid a couple of days ago - a really nice car. The chinese are dominating this market.

1 Like

I meant fiscal intervention in terms of reducing fuel duty.

2 Likes

Seems like we were saying the same thing (although I didn’t intend to be disagreeing with you).

1 Like

Here is a thing, does all this war and Hormuz make anyone else wonder if their previous position on not opening up new oil fields around the UK might be a bit over simplified? Don’t get me wrong, I am still convinced that the best way to energy independence is through renewables such as wind, tidal and solar. And I know it would not reduce the price of oil at crisis times like this. But…

1 Like

So I thought given the risk the ā€œspecial military operationā€ could drag on, it might be worth filling up at Tesco today even though the car had half a tank. It was Ā£1.44 which I thought was still borderline affordable considering the situation. It seems many others had the same idea as a number of the pumps were out of use and it was just mid afternoon. The posh pricier unleaded (momentum) had all gone. I’ve always wondered who buys that. We had to queue for the one or two pumps still working. Worrying.

Anyway looks as though people are starting to panic buy.

2 Likes

ā€˜Renewables’? Does that mean that the thousands of wind generators will need to be renewed after twenty years?
Or the hectares of solar panels either destroyed by hailstones or again, renewed after twenty years, before they have even paid back the cost of manufacture (the panels In the UK anyway)
A coal fired power station will still need it’s turbines replaced after 25 years, but with only just two 500 mW turbines.
So called ā€˜sustainable’ energy is far from sustainable, and taking into account the energy and mining of the rare earth minerals needed for manufacture, siting and maintenance, it makes 'sustainable energy the most expensive energy in the world. And probably the most damaging to the environment. But hey ho, it won’t damage our environment because most of the materials come from third world countries.

2 Likes

This seems likely to get worse. The oil industry seems to be predicting shortages in April unless something very unlikely happens. I’m very angry that one orange, ailing, deranged president can make millions of people’s lives so expensive, so unpredictable on an unjustified whim.
The current made up optimism of a deal with Iran looks, to me, to be market manipulation rather than serious peace making.

1 Like

You’re joking, right Annie?
At present, much of what we eat, burn, wear or drive comes from other countries. Are you saying that the cost of transport from Australia, New Zealand, China etc, and then the cost of diesel for an endless convoy of trucks stretching from Folkstone to Edinburgh would be less expensive that my local farmer selling me spuds, carrots, sprouts, apples, etc that were grown just a mile from my house?
Half a dozen coal fired power stations would supply all the power we need and rid the country of thousands of wind turbines and hectares of solar panels, not to mention the thousands of tons of dangerous lithium storage facilities. Talk about ā€˜sustainable’…there is enough coal and north sea gas and oil to keep the lights on for the next three hundred years…By which time, we might have figured out a better way of producing electricity and heat.

2 Likes

OGF that might have worked in the days we had a population of under 5 million, ate cabbage and potatoes and used night soil to fertilize. Modern farming methods to feed a population of 70 million don’t come cheap particularly given we a) don’t have capacity to produce more than 50% of our own food and b) have a very sketchy climate. So why do you think local farm shops are so expensive if your idea is so economical?

4 Likes

that seems to be the case and I’m interested that it has been reported by the mainstream media as such. The very large sales started before the official announcement so definitely inside dealing which is surely a serious criminal offence.

1 Like

So does that mean that we just give up and get blackmailed or held to ransom by other countries. It’s not that we don’t suddenly start producing our own stuff Annie, it’s the fact that we are moving in the wrong direction seem happy to give it all away after being a country that could do it all.

2 Likes

We have been a trading nation for centuries. The alternative is the kind of rationing that Britain had during WWII. The fact that the government doesn’t protect our national and international interests sufficiently isn’t because we are a trading nation but down to state-led incompetence and doubtless a high level of hidden corruption or loopholes. We can complain about the latter but it’s always been part of the nations culture.

2 Likes