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The 'War' impact on fuel prices

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Chris jr

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Noticed a few days ago this Iranian war-zone conflict has already impacted on fuel prices. It's disgusting to see so many social media sites openly pushing for panic buying of fuel. There may well be a shortage at some stage, but's it's not here yet. It will no doubt generate pure GREED by oil companies and forecourts pushing up prices. Up like a rocket. Down like a feather.

Asda petrol in my area was £132.7 per litre three days ago, prior to that was £129.7. Yesterday it has risen to £137.9. The Independents recent headline 'Motorists should prepare for record prices at fuel pumps'.

This is one prime example of EV owners perhaps smiling just a little bit more than usual. Not with intentional smugness, as they silently glide by petrol pump queues. The nearest I've got to an EV is my Spear & Jackson cordless battery driven lawn mower, and I can tell you that generates a fair share of satisfaction.
 
Sharpsman said:
Considering we have our own oil we should use it to our benefits but our government thinks it's better to buy it from other countries.
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Not a great fan of Donald Trump, but that's what he said only yesterday. The UK should refine its own oil and make it available cheaply to UK residents. Our greedy Government swines will not allow it. As an example, United Arabic / Dubai petrol prices are currently 51 pence a litre.
 
Its all about greed, tankers sit in our bays outside refineries full of crude waiting for prices to rise then come and dock and sell it to the refinery when its at its highest, then the refinaries process it and store it same again until prices are up then sell it off to other countries and off in the tankers it goes, the amount we get is minimal in comparison. The refinaries in our country just use us we don't benefit from them much. Same as solar farms and Wind farms, foreign companies come here and build them, own them and then sell/send the energy abroad. it certainly doesn't all come to us for us to see a reduction in our energy bills from being "self sufficient" but the government get money in their pockets that we don't see but yet we see massive solar farms and wind farms everywhere.
 
We are at $3.10/gallon, national average. $4.73 in California (highest average price) and $2.73 (lowest average price) in Mississippi.
 
NI is quite reliant on home heating oil, about 60% of the population. It jumped £100 odd quid straight away on day 2..
That said, gouging is frowned upon, so I'd say a few companies are gonna feel the pressure. No doubt a few will go put of business.
 
Seems petrol was more expensive than the UK anyway (€1.65), but the immediate addition of 5 cents a litre has sparked outrage because it will take 6 weeks for the more expensive oil produced petrol to reach the pumps. Blatant profiteering without a doubt and illegal here. Needles to say panic buying has started and there are queues at the pumps, which means they will run dry quite quickly.

The wholesale gas price has now risen 30%. That doesn't affect us at the moment. but presumably that increase will ripple through to bottled gas?
 
Sprickerdog said:
We're on heating oil too, no gas in our village, I dipped our tank yesterday and hoping we have enough to ride out this particular storm.
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i doubt it mate we are on oil and propane gas i bought a 47k calor that was £80 same price as last year
 
Another fiddle. Oil proces are still much lowwr than several years age. They have been below 70 dollars a barrel (35 english gallons?) for a couple of years.
When the price goes down and stays there, forecourt prices follow soooooo slooooowly. And then slowly creep up again so we don't notice.
But at a hint of a spike, they have to go up a lot immediately to "pay for the next replenishment".
By the way, I've heard we are short of sugar and toilet paper. I'm just off to stock up.
 
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