Random Irritations

[ColchesterFC]

And price of oil under $100 a barrel. Profiteering? Surely not

Back in 2014 when the price per barrel for oil was similar to today's prices the cost of a litre of unleaded was 130.5p and diesel at 135.7p. Why are we paying around 60p a litre more for fuel now than when prices for oil were similar 8 years ago?

 

[D-S]

Back in 2014 when the price per barrel for oil was similar to today's prices the cost of a litre of unleaded was 130.5p and diesel at 135.7p. Why are we paying around 60p a litre more for fuel now than when prices for oil were similar 8 years ago?

LIV Tour?

 

[fundy]

Turns out one of our neighbours has taken pity on us having been ill and mowed our front lawn for us. Would be really grateful if it wasnt a meadow lawn and not due cutting again until autumn!!!! Mrs F is not amused

 

[Deleted member 29109]

Back in 2014 when the price per barrel for oil was similar to today's prices the cost of a litre of unleaded was 130.5p and diesel at 135.7p. Why are we paying around 60p a litre more for fuel now than when prices for oil were similar 8 years ago?

Part of the cost is that the £ is worthless for some reason ??‍

 

[PJ87]

Back in 2014 when the price per barrel for oil was similar to today's prices the cost of a litre of unleaded was 130.5p and diesel at 135.7p. Why are we paying around 60p a litre more for fuel now than when prices for oil were similar 8 years ago?

The price of sterling is weak, we buy oil in dollars .. our currency is weaker due to printing a lot of money during covid plus other issues.

Refining costs have risen aswell

 

[Foxholer]

Part of the cost is that the £ is worthless for some reason ??‍

Well, certainly not 'worthless' but certainly a lot less - and decreasing. https://www.statista.com/statistics/1034406/monthly-exchange-rate-gbp-usd-worldwide/
And Oil prices, quoted un USD are increasing. https://www.statista.com/statistics/262860/uk-brent-crude-oil-price-changes-since-1976/
The elimination of Russian supply hasn't helped!

 

[PJ87]

Well, certainly not 'worthless' but certainly a lot less - and decreasing. https://www.statista.com/statistics/1034406/monthly-exchange-rate-gbp-usd-worldwide/
And Oil prices, quoted un USD are increasing. https://www.statista.com/statistics/262860/uk-brent-crude-oil-price-changes-since-1976/
The elimination of Russian supply hasn't helped!

But that's the point. On average oil is cheaper now than 10-12 years ago but because of the £ value it's worth less than it was so the price has shot up at the pumps.

 

[Foxholer]

But that's the point. On average oil is cheaper now than 10-12 years ago but because of the £ value it's worth less than it was so the price has shot up at the pumps.

You don't appear to have checked the right hand side of the 2nd chart. Since beginning of this year (even before Russia invaded Ukraine), spot oil price has not dropped below $100 whereas in April 2000 i was about $30!
https://www.fxpro.com/trading/energies/brent?utm_source=google&utm_medium=cpc&utm_term=crude oil trading online&utm_campaign=gads_fxpro_web_all-platforms_cfd_UK_Search_Standard_Other_Commodities_09-2021_lang-en&gclid=EAIaIQobChMI2fKriOrx-AIVUed3Ch3T5gC8EAAYASAAEgJgzvD_BwE&gclsrc=aw.ds
It's a combo of both drifting £v$ and World oil price that has been low for the lass 8-10 years.

 

[cliveb]

But that's the point. On average oil is cheaper now than 10-12 years ago but because of the £ value it's worth less than it was so the price has shot up at the pumps.

Something fishy is going on with the price of petrol.
On Saturday we played in an open at Stover. It's right next to Trago Mills in Newton Abbot, so thought we'd fill up as we'd heard their petrol was a bit cheaper.
A bit cheaper??? How about £1.68/litre!!
Now I don't believe Trago is selling it at a loss, so how come it's 25p more everywhere else?

(The other random irritation is that of course there was massive queue so we didn't have time before needing to get to Stover)

 

[PJ87]

Something fishy is going on with the price of petrol.
On Saturday we played in an open at Stover. It's right next to Trago Mills in Newton Abbot, so thought we'd fill up as we'd heard their petrol was a bit cheaper.
A bit cheaper??? How about £1.68/litre!!
Now I don't believe Trago is selling it at a loss, so how come it's 25p more everywhere else?

(The other random irritation is that of course there was massive queue so we didn't have time before needing to get to Stover)

we need a retailer to cut the prices so others follow. usually tesco or asda would have slashed the prices and others follow to keep up but most have been keeping the same.

its a perfect storm right now.

Sterling is weak
driver shortage previously which increased the cost of delivery
russia
covid

all coming together

I mean technically tax hasnt been lower on fuel for ages (the fixed tax rather than vat) but just the wholesale cost and other factors have made it shoot up.

something needs to happen fast people just simply cant afford this long term

 

[Blue in Munich]

Something fishy is going on with the price of petrol.
On Saturday we played in an open at Stover. It's right next to Trago Mills in Newton Abbot, so thought we'd fill up as we'd heard their petrol was a bit cheaper.
A bit cheaper??? How about £1.68/litre!!
Now I don't believe Trago is selling it at a loss, so how come it's 25p more everywhere else?

(The other random irritation is that of course there was massive queue so we didn't have time before needing to get to Stover)

Same as normal with the fuel companies; price of crude drops, oh it will take a while for the savings get through to the pump sir; price of crude rises, the price of fuel goes up overnight. Profiteering pure and simple; they are seeing an opportunity to claw back the losses of the last couple of years.

Yes, the exchange rate doesn’t help and yes there are other factors but the biggest one in my opinion is greed. And having built our lives around petrol and its by-products, they have us by the short and curlies.

 

[Patster1969]

Same as normal with the fuel companies; price of crude drops, oh it will take a while for the savings get through to the pump sir; price of crude rises, the price of fuel goes up overnight. Profiteering pure and simple; they are seeing an opportunity to claw back the losses of the last couple of years.

Yes, the exchange rate doesn’t help and yes there are other factors but the biggest one in my opinion is greed. And having built our lives around petrol and its by-products, they have us by the short and curlies.

Notwithstanding that a petrol shortage story was leaked to the media late last year and then spun by them to the gullible public, ensuring that the public went mad, caused said shortage/huge queues at the pumps and meant that the petrol companies made millions.
Now, my cynical mind would say that this was also the petrol companies that caused this because they had older petrol sitting in refineries that they couldn't sell during covid because no-one was driving anywhere, so it wasn't being bought but that might just be me.

 

[patricks148]

Learning Zoey ball is paid for her R2 show, the definition of a waste of money

 

[Lord Tyrion]

Learning Zoey ball is paid for her R2 show, the definition of a waste of money

Loads of people don't get named because the shows they are on are made by production companies so they are not technically BBC. If we saw the real figures I think this thread would have a meltdown.

 

[SwingsitlikeHogan]

There are many and numerous complex drivers behind the cost of fuel...but there is one very simple one. When the price of any commodity is in $$s and, for whatever reason, you get fewer ££s for your $$s, then the price in ££s of that commodity will go up unless there is intervention to stop it doing so.

 

[RichA]

Box
I've been using computers since the 80s and rarely had to read an instruction manual. How have they managed to make it so unintuitive and non-user friendly? I don't get why you'd have Windows and choose to run everything through a web browser.

 

[Swinglowandslow]

The price of sterling is weak, we buy oil in dollars .. our currency is weaker due to printing a lot of money during covid plus other issues.

Refining costs have risen aswell

Of, course - nothing to do with the dawning of the electric car age.
And the "price setters" have never heard the story of Joseph in Egypt .?

 

[3offTheTee]

Dentists. Hate them, always have and always will although my dentist is really gentle.

Needed a filling today 7 minutes between entering and leaving. That will be £55 Sir please.

Realise there is equipment And various other overheads.

Well worth it though and it was pain free.

 

[Swinglowandslow]

Dentists. Hate them, always have and always will although my dentist is really gentle.

Needed a filling today 7 minutes between entering and leaving. That will be £55 Sir please.

Realise there is equipment And various other overheads.

Well worth it though and it was pain free.

Classic description of a "Love-Hate" relationship ?

 

[Oddsocks]

Random irritation- has to be when you disagree with someone’s opinion with your own (and justify it) only for their world to burst into fire, mainly on forums where keyboard warriors reside.

Maybe they should take their keyboards and piss off to give the Ukraine a hand.