Petrols gone up 3p - How long before fuels gets to £2 per litre ? predictions

[mr_busdriver]

Whats going on now? back in the good old days of the torys petrol only went up at budget time (one a year)

 

Since petrol and diesel went through the £1 a litre barrier it seems the floodgates have opened.

 

It was only about 4 months ago that diesel went through the £1 barrier, yet already its £1.15 per litre.

 

Fuel tends to shoot up in Summer due to additional demand (ie people going on holiday)

 

At this rate I predict diesel will go through the £2 per litre barrier within 18 months

[JFKvsNixon]

As the price of crude oil goes up, the price of petrol will rise and rise. It is is only going to get worse you know.

[whitehorses]

Yes, and it's rubbish for people like me who live in rural areas who have to use their cars just to get to the nearest town to do shopping etc.

[mr_busdriver]

As the price of crude oil goes up, the price of petrol will rise and rise. It is is only going to get worse you know.

 

 

 

 

True, when the crude oil price goes up, so does the price, almost the same day

 

However when the crude oil price goes down, the price at the pump often stays the same

[Baz1]

True, when the crude oil price goes up, so does the price, almost the same day

 

However when the crude oil price goes down, the price at the pump often stays the same

 

With India and China in huge demand for crude oil, the cost is going to rise- its now $103 a barrel and I cannot see it coming down in the near future.

[jfish1936]

We get diesel rises in our summer -- due to Northern Hemisphere demands for extra heating oil.

[JFKvsNixon]

True, when the crude oil price goes up, so does the price, almost the same day

 

However when the crude oil price goes down, the price at the pump often stays the same

 

As bazooka said, a massive higher demand from China and India also raises the price of petrol. Simple forces of supply and demand.

[Keith Rich]

Whats going on now? back in the good old days of the torys petrol only went up at budget time (one a year)

 

Since petrol and diesel went through the £1 a litre barrier it seems the floodgates have opened.

 

It was only about 4 months ago that diesel went through the £1 barrier, yet already its £1.15 per litre.

 

Fuel tends to shoot up in Summer due to additional demand (ie people going on holiday)

 

At this rate I predict diesel will go through the £2 per litre barrier within 18 months

 

In the 'good old days of the Tories' there was no minimum wage and people were working for £2 an hour. We can look forward to this again if they ever get back in power as they want to abolish it so that company directors can make more profit.

Keith

[Quagmire]

I think it will keep going up due to speculation, and the mega rich fleeing the dollar into commodities etc.

 

Everything is going to get much more expensive now due to economic mismanagement in the US and here.

 

Dotcom bubble -> housing bubble -> some other bubble

 

It sucks

[Tony]

In the 'good old days of the Tories' there was no minimum wage and people were working for £2 an hour. We can look forward to this again if they ever get back in power as they want to abolish it so that company directors can make more profit.

Keith

And what has that got to do with this topic?

 

 

 

As others have said, this seems to be how it is going to be from now on. Unless there is a change in government policy to reduce taxes the cost of fuel (no chance) then we have to accept the increased costs or find a way of using less of this expendable resource.

 

Simple commodity economics has taken over and unless you feel comfortable with measure like cutting aid and letting the poor of the world die we have better get used to it.