Anyone care to guess,i'm thinking about 8 to 12 weeks if current events continue in the Mid East.Now where did i leave the instructions to make Bio Diesel?
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Sooner than that I fear. If Iran and Syria get embroiled, the natural price of oil will rocket. If Israel flattens Iranian oil intsallations - who knows ?
On top of that you have the '73 scenario of OPEC pushing the price up. if there's a rerun we may as well start walking.
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Seems a shame to walk when the pavements will be full and the roads will be clear ;-)
Fuel theft will become more of a problem though. Being slightly mean I'd think about leaving petrol cans around with water stored in them to see how long the thief can drive away before their engine is wrecked :-)
The price of fuel will keep on going up. Demand is rising and supply is dwindling. At some point we will be lamenting the £5 gallon as it rises towards £10.
teabelly
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In fairness Teabelly, industry pundits were looking at the mid to long term prices dropping until this latest madness. What's scarey is that this was the 80s early 90s scenario for global conflict. Slightly (only slightly) different world now. If only people used the ingenuity they put nto find even more guresome ways of killing each other into the pursuit of happiness.....
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" If only people used the ingenuity they put nto find even more guresome ways of killing each other into the pursuit of happiness"
Or proper alternatives to an oil based economy!
I am no "green" but I am concerned about being so tied in to unstable states for fuel supply. The other problem is that if we suddenly found a viable alternative fuel then those states would put the price up to crippling levels whilst the west converted over!
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Or proper alternatives to an oil based economy! I am no "green" but I am concerned about being so tied in to unstable states for fuel supply. The other problem is that if we suddenly found a viable alternative fuel then those states would put the price up to crippling levels whilst the west converted over!
I watched Syriana last night which is all about the oil industry and the people involved in it. Made for an interesting evening, very scary to know that things like that go on 'on our behalf'
Jonathan
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Surprised to see at my local Esso garage earlier today that unleaded petrol was 97.9p per litre, yet diesel was only 98.9p. I know its summer but it is usually at leat 3p dearer, rising to 6p in winter. I expect both will break the £1.00 per litre within the next week or two. This psychological barrier will have a marked impact on peoples perception of prices rising. Luckily for me I do not do a large mileage and I can cycle to work if I feel like it.
Realistically I only buy about 40 to 45 litres of diesel each time I fill up every 3 weeks so the extra does not equate to a huge amount extra in pounds, but I do pity those who have a long commute to work.
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Roger
I read frequently, but only post when I have something useful to say.
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I think the psychological effect of the £1 a litre thing is keeping prices artificially low, for a while.
Not wanting to be seen pricing at 100.9 per litre (or more), filling stations are keeping the price down, especially of diesel - thus helping to cut the previous 3-6p price difference between petrol and diesel.
The motorway services I see daily is stuck at the same 99.9 as the local station round the corner, when normally there's a 4-5p extra margin on the motorway. So my explanation seems to fit there, although it doesn't prove it...
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When I started driving in 1993, everyone was complaining about prices breaking 40p a litre. I remember filling up my 1.6 Sierra up from near empty at the local Tescos on payday, buying a packet of 20 fags to go with it, and getting enough change out of 30 quid for a sandwich at lunch the next day.
Ah, them was the days.
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My nearest Shell has had unleaded at 101.9 (or maybe 101.0) and diesel at 99.9 for a few days now, which is novel.
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I first bought petrol for my own car in 1979 at 50p/gal, say 11/litre. Beer was about 35p/pint, so three and a bit litres bought a pint.
A litre is now of BP UL is now £1.02, but beer is not as much as £3.30/pint round here.....
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>>I first bought petrol for my own car in 1979 at 50p/gal
As my comment on the price difference has sparked thoughts of the good old days, well when I first owned a car I bought 3 gallons for one pound. I would not mind those prices on todays wages!!!!
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Roger
I read frequently, but only post when I have something useful to say.
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99.9 at my local Texaco for diesel.
I remember the days when it was 60p/litre.
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As for a bit of nostalgia, come back and search for this thread in 2 or 3 years and we'll look back at 99.9 per litre and think "How cheap is that!" :-(
When oil doubles in price (it's only a matter of time now) and we're paying £1.40 a litre at the pumps (that'll be nearly £100 to fill up a large 70 litre tank, like on a Volvo V70) 99.9p per litre will seem like a wistful dream...
I do hope I'm proven wrong, I hate paying these prices as much as anyone - 20,000 miles per annum don't come cheap!
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Compared to what's happenning to the poor civilians of Lebanon and Israel, paying a bit more for roadfuel is no big deal.
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