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unleaded under £1 a litre
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By (user no longer on site)
over a year ago
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"Just seen on my Facebook feed, that Tescos on Old Kent Road (London), is the 1st garage to go sub £1.
Now it's even cheaper for you to five to me and give me a blow job    "
Not if i've got to 'five' to London first to buy the petrol to 'five' back to you it isn't!
Fairplay though hun - good effort!  |
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By (user no longer on site)
over a year ago
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"Just seen on my Facebook feed, that Tescos on Old Kent Road (London), is the 1st garage to go sub £1.
Now it's even cheaper for you to five to me and give me a blow job
Not if i've got to 'five' to London first to buy the petrol to 'five' back to you it isn't!
Fairplay though hun - good effort! "
"Lolz" |
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By *abioMan
over a year ago
Newcastle and Gateshead |
it is 105.9 per litre here..... and ladbrokes have it as odds on that it will be less than £1 per litre by the end of the month......
it is weird that i have changed the way I have filled up the car in the last few months.... i use to do it when the tank was half empty.... now i wait till the last possible moment just in case the prices keep dropping |
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I only buy from Tesco and Shell or Esso, whichever it is the fuel discount still applies. Im up to 6p off a litre already, you can get up to 20p in one go.
You can get your fuel down to 80p a litre |
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By (user no longer on site)
over a year ago
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Typical, though very welcome.
Just wish I could appreciate this drop in price in my own car and not the mega fuel-efficient shopping trolley i'm currently tooling around in.
My car does around 30mpg on a run. Not bad for a 3.8 litre Yank
What I'm driving is doing between 60 and 70 mpg on a similar journey.
(For those that don't know, my car suffered a severe rear axle failure the Sunday before Christmas and is therefore currently off the road until the weather improves and I can get under the thing to fix it)
I miss my car  |
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And the price per barrel continues to fall. Possibly more price reductions at the pumps on the way.
It's also keep the inflation rate down too and, therefore, there is less pressure on the Bank of England to raise interest rates - which would kill quite a few people with massive mortgages.
Not good news for Russia though, their economy is now in free-fall since a massive proportion of their GDP is based on oil and gas exports.
A newly independent Scotland would also have been in the financial shit. |
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By (user no longer on site)
over a year ago
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Considering the price of a barrel of oil has halved, a 20p a litre reduction in petrol isn't a great deal
But super unleaded is now around £1.15 which is great news and any further reductions would be great  |
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By (user no longer on site)
over a year ago
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"And the price per barrel continues to fall. Possibly more price reductions at the pumps on the way.
It's also keep the inflation rate down too and, therefore, there is less pressure on the Bank of England to raise interest rates - which would kill quite a few people with massive mortgages.
Not good news for Russia though, their economy is now in free-fall since a massive proportion of their GDP is based on oil and gas exports.
A newly independent Scotland would also have been in the financial shit."
I'm sure ive read that Russia's economy is based around $100 a barrel of oil.
I've got an app to track the gold & silver price which has oil price on too oil is $48 today |
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Thats true. Russia is in free fall economy wise anyway and with the addition of fracking in the U.S it was onlyba matter of time before saudi and russia woke up and smelt the coffee.
However its the green scheme going to be hit hardest. But as they say...alls fair in love and war |
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By *r_BigHeadMan
over a year ago
The Naughty Step (aka Northampton) |
"Think of the money the government is losing.
We can expect a big rise at the next budget"
The government is losing nothing. Fuel duty is a fixed rate pence per litre. Which is why pump prices don't go down at the same rate as a barrel of oil does. The thing that is really annoying is that they charge VAT on the duty as well (tax the tax) |
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By (user no longer on site)
over a year ago
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"And the price per barrel continues to fall. Possibly more price reductions at the pumps on the way.
It's also keep the inflation rate down too and, therefore, there is less pressure on the Bank of England to raise interest rates - which would kill quite a few people with massive mortgages.
Not good news for Russia though, their economy is now in free-fall since a massive proportion of their GDP is based on oil and gas exports.
A newly independent Scotland would also have been in the financial shit.
I'm sure ive read that Russia's economy is based around $100 a barrel of oil.
I've got an app to track the gold & silver price which has oil price on too oil is $48 today "
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Everybody's economy is based on 100 dollar barrel the difference being Saudi have a trillion dollar wealth fund to fall back onto and there oil is still profitable at 40 bucks, where as if you look around the fracking companies are going tits already (which I'm very happy about personally) because it costs between 70-110 just to produce.
The us fracking boom literally came from the QE and 0% interest rates, it was a purely speculative gamble which is going south quickly... Which in itself is pretty bad as most of the banks are derivited to the hilt on oil prices.
Some things never change! |
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By (user no longer on site)
over a year ago
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"it is 105.9 per litre here..... and ladbrokes have it as odds on that it will be less than £1 per litre by the end of the month......
it is weird that i have changed the way I have filled up the car in the last few months.... i use to do it when the tank was half empty.... now i wait till the last possible moment just in case the prices keep dropping"
Same here, never ever went below 1/4 tank till now. |
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By (user no longer on site)
over a year ago
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Well it will certainly piss off the exchequer, he needs the VAT to pay for all the MPs expenses.
If the price continues to fall,the west will be forced to screw us all from a different angle. |
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By (user no longer on site)
over a year ago
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The last time oil prices slumped was 6 months before the banking crisis of 2007.
The weaving entanglement of commerce is much worse than people think!. Low oil prices will certainly not help any recovery, that's if we ever have a recovery, Europe is in deflation, debts are as high as ever, interests rates can't go any lower and central banks are buying there own bonds, the only saving grace is there's been no run on the dollar as yet, however bearing in mind Russia has had to raise their rates to 17% what will become of the west when/if we have to do the same. |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"In the run up to the elections, I'm not surprised the prices are falling."
this one has nothing to do with elections and everything to do with the price of a barrel.... in the last 15 months it has basically dropped from 115 dollars a barrel to 45 dollars a barrel
so the price of petrol at the pump has dropped but it is interesting that the price of airline flights hasn't dropped yet... but that should happen soon |
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By *razedcatMan
over a year ago
London / Herts |
"
this one has nothing to do with elections and everything to do with the price of a barrel.... in the last 15 months it has basically dropped from 115 dollars a barrel to 45 dollars a barrel
"
I'm still interpreting the cause as a political one though |
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By (user no longer on site)
over a year ago
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Why does the price of Fuel bother people?...
You've got to have it. It's one of those things I don't even think about because I can't live without fuel in my car. |
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By (user no longer on site)
over a year ago
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"In the run up to the elections, I'm not surprised the prices are falling.
this one has nothing to do with elections and everything to do with the price of a barrel.... in the last 15 months it has basically dropped from 115 dollars a barrel to 45 dollars a barrel
so the price of petrol at the pump has dropped but it is interesting that the price of airline flights hasn't dropped yet... but that should happen soon"
I hope so - I've not had a holiday in almost 3 years |
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By (user no longer on site)
over a year ago
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Sadly i suspect that the price of Oil will head back up as quickly as it has fallen What i would like to know is why Gas and Electricity prices have not moved a penny yet? |
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By (user no longer on site)
over a year ago
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"Sadly i suspect that the price of Oil will head back up as quickly as it has fallen What i would like to know is why Gas and Electricity prices have not moved a penny yet?"
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It's winter .
They buy gas in bulk 8 to 12 months ago. So the price they paid then would have been higher, but truth be known.... There a bunch of fucking crooks like bankers. One nice cartel of profit |
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By (user no longer on site)
over a year ago
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"Sadly i suspect that the price of Oil will head back up as quickly as it has fallen What i would like to know is why Gas and Electricity prices have not moved a penny yet?.
It's winter .
They buy gas in bulk 8 to 12 months ago. So the price they paid then would have been higher, but truth be known.... There a bunch of fucking crooks like bankers. One nice cartel of profit"
And maybe because oil fired generation makes up very little of the nations fuel mix?! |
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There is a lot of politics involved in this and in the next few months anything could happen.
It started as the Chinese economy started to slow and and their demand for oil was cut causing a small price drop. Usually OPEC, led by the Saudi's, would cut production to keep the price up, this time they didn't.
The Saudi's saw an opportunity to not only screw their greatest enemy in the region, Iran, which still needs a high oil price, but also Putin's Russia who are supporting another enemy, Assad's Syria.
They were also a bit nervous about the US becoming self sufficient in oil through fracking and a low oil price would put many fracking company's under severe pressure or even into bankruptcy leading to the US being reliant on imported (Saudi) oil again.
Personally I think we can enjoy the low prices for a few months yet but eventually OPEC will cut production and force the price back up.
Here in Spain Diesel averaging around 1.08€ and unleaded at around 1.12€. Brent crude at $48.78 and falling
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By (user no longer on site)
over a year ago
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I bet Alec Salmomd is breathing a sigh of relief that Scotland didn't vote for independence they based their economic figures on $100 per barrel- makes it tricky for Nicola Sturgeon though lol |
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By (user no longer on site)
over a year ago
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"Sadly i suspect that the price of Oil will head back up as quickly as it has fallen What i would like to know is why Gas and Electricity prices have not moved a penny yet?.
It's winter .
They buy gas in bulk 8 to 12 months ago. So the price they paid then would have been higher, but truth be known.... There a bunch of fucking crooks like bankers. One nice cartel of profit
And maybe because oil fired generation makes up very little of the nations fuel mix?! "
.
30% is made up of gas generation though and LNG has fallen along with oil. In fact the drill baby drill fracking revolution in the USA pushed down gas way before oil because you get gas in a bigger quantity than oil.
Cartels always keep their prices high, that's why we got opec in the first place! |
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By (user no longer on site)
over a year ago
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"it is 105.9 per litre here..... and ladbrokes have it as odds on that it will be less than £1 per litre by the end of the month......
it is weird that i have changed the way I have filled up the car in the last few months.... i use to do it when the tank was half empty.... now i wait till the last possible moment just in case the prices keep dropping"
Im doing exactly the same thing at the mo , ive a Quater of a tank left and im just hanging on untill paye day on Friday in case we hit the £1 mark at sainsburys , nectar points lol |
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By (user no longer on site)
over a year ago
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"Here in France, diesel is cheaper than petrol.
Currently diesel is around 83p a litre and still slowly falling.
Just in time for our visit to the UK next week....!!
"
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Only because of tax!.
The demand for heavy oil fuels is currently well out of kilter with petroleum spirit, which is why petrol is discounted by the refiners as they tend to be making surplus.
The huge turnaround in the past twenty years from petrol to diesel cars and the huge increase in air travel have caused the refiners quite a bit of supply problems. |
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By (user no longer on site)
over a year ago
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"Don't get too excited, it'll be on the rise soon enough - once Russia has been squeezed and fracking starts.
"
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Exactly but it really all depends on how long gdp is depressed for.
If there was a sudden uptake in growth Saudis plans would be pissing into the wind |
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By *nnyMan
over a year ago
Glasgow |
"I bet Alec Salmomd is breathing a sigh of relief that Scotland didn't vote for independence they based their economic figures on $100 per barrel- makes it tricky for Nicola Sturgeon though lol"
Eck won't be bothering about petrol prices though. The SNP has awarded him a chauffeur driven car. |
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"Hope it gets even cheaper again. Be nice to watch the petrol amount being more than the money as you're filling, been a very long time! "
It'll go up after the election. Who ever wins there is no way the won't tax it back up to at least 120p |
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By (user no longer on site)
over a year ago
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"There is a lot of politics involved in this and in the next few months anything could happen.
It started as the Chinese economy started to slow and and their demand for oil was cut causing a small price drop. Usually OPEC, led by the Saudi's, would cut production to keep the price up, this time they didn't.
The Saudi's saw an opportunity to not only screw their greatest enemy in the region, Iran, which still needs a high oil price, but also Putin's Russia who are supporting another enemy, Assad's Syria.
They were also a bit nervous about the US becoming self sufficient in oil through fracking and a low oil price would put many fracking company's under severe pressure or even into bankruptcy leading to the US being reliant on imported (Saudi) oil again.
Personally I think we can enjoy the low prices for a few months yet but eventually OPEC will cut production and force the price back up.
Here in Spain Diesel averaging around 1.08€ and unleaded at around 1.12€. Brent crude at $48.78 and falling
"
OPEC will have to settle for a barrel price that makes it just uneconomic for fracking. |
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By (user no longer on site)
over a year ago
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"Can I get that 5.7 litre V8 i've had my eyes on now? lol
Go for it...I'm using my 2.8V6 more and the diesel runaround less now.  "
Wish I had the £££'s to get it.
This year though, hopefully.
Mind you, I need to sort the rear axle on the 3.8 first, lol |
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"There is a lot of politics involved in this and in the next few months anything could happen.
It started as the Chinese economy started to slow and and their demand for oil was cut causing a small price drop. Usually OPEC, led by the Saudi's, would cut production to keep the price up, this time they didn't.
The Saudi's saw an opportunity to not only screw their greatest enemy in the region, Iran, which still needs a high oil price, but also Putin's Russia who are supporting another enemy, Assad's Syria.
They were also a bit nervous about the US becoming self sufficient in oil through fracking and a low oil price would put many fracking company's under severe pressure or even into bankruptcy leading to the US being reliant on imported (Saudi) oil again.
Personally I think we can enjoy the low prices for a few months yet but eventually OPEC will cut production and force the price back up.
Here in Spain Diesel averaging around 1.08€ and unleaded at around 1.12€. Brent crude at $48.78 and falling
OPEC will have to settle for a barrel price that makes it just uneconomic for fracking. "
That is probably where it will finish by the middle of the year.
Update on the Spanish prices.
I drove past a large supermarket station this morning and diesel was 97 cents (74p) and unleaded 1.05 € (84p) |
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By *abioMan
over a year ago
Newcastle and Gateshead |
......... and the supermarkets announce another 2p per litre is coming off their petrol/diesel prices as off tomorrow...
so asda for example will be selling petrol tomorrow at 103.7.....
its almost in reach!!!! |
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The Harvest petrol stations in Birmingham dropped the price to 99.7p over the weekend. According to the RAC, the current average in petrol stations across the nation is around the 109p mark, with some dropping as low as 104p in the last few days. But the Harvest stations are the first to drop below £1.
https://uk.finance.yahoo.com/news/petrol-price-falls-below-1-125249401.html |
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By *ominantDogMan
over a year ago
Docklands, Exmoor, Manchester |
"Just seen on my Facebook feed, that Tescos on Old Kent Road (London), is the 1st garage to go sub £1.
Now it's even cheaper for you to five to me and give me a blow job "
Just watch out for the lads on mopeds shooting at you, especially if you are driving an Audi. A modern day risk reward challenge... |
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By (user no longer on site)
over a year ago
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I just wish that I could understand the discrepancies between Geographical areas in the UK!! I work in and around the East Midlands and live in Sheffield the cheapest unleaded I have seen is £1.05! Diesel which I use around £1.11! Yet from the sound of the postera here it must be at least 5 or 6p cheaper than that in London and Birmingham |
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"Think of the money the government is losing.
We can expect a big rise at the next budget
The government is losing nothing. Fuel duty is a fixed rate pence per litre. Which is why pump prices don't go down at the same rate as a barrel of oil does. The thing that is really annoying is that they charge VAT on the duty as well (tax the tax)"
Yes, the same thing applies on alcohol and tobacco duty. The government is losing some money though.
The VAT goes up and down with the retail price so both Osbourne and Balls will have to re do their sums between now and May. |
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