Diesel, petrol, oil price watch

[marty34]

Those low interest rates were an aberration, they were never going to remain quite that low.

I can never understand how people can buy sites then build a big house on it.

Some grand houses you'll see as you drive around the place.

[armaghniac]

Those low interest rates were an aberration, they were never going to remain quite that low.

I can never understand how people can buy sites then build a big house on it.

Some grand houses you'll see as you drive around the place.

Washing diesel is effective.

[LC]

Diesel up to 147.9p around our way, that's 9p in a week......wtf.

[ck]

Diesel up to 147.9p around our way, that's 9p in a week......wtf.

Yep, home heating oil (Kero) and Diesel are both on the rise and will steadily rise between now and winter. My advice is to fill your tank NOW!

[Nanderson]

Any ideas whats caused the sharp rise? Or is it just corporate greed?

[imtommygunn]

Is it anything to do with currency value / interest rates etc? I'm assuming this is in the north?

[Milltown Row2]

£330 for 500 litres today...

[armaghniac]

Is it anything to do with currency value / interest rates etc? I'm assuming this is in the north?

Oil was below $70 in June, now it is $82 or so

[Nanderson]

Is it anything to do with currency value / interest rates etc? I'm assuming this is in the north?

Oil was below $70 in June, now it is $82 or so

What had it got to during the peak of the Russian invasion

[LC]

Is it anything to do with currency value / interest rates etc? I'm assuming this is in the north?

Oil was below $70 in June, now it is $82 or so

A while back when oil was circa $70 diesel went up to 123.9p .......

https://www.theguardian.com/business/2018/jan/10/oil-price-hits-three-year-high-petrol-prices-uk

Been a lifetime since diesel was this price.  Its not profiteering, more like racketeering.

[armaghniac]

Is it anything to do with currency value / interest rates etc? I'm assuming this is in the north?

Oil was below $70 in June, now it is $82 or so

What had it got to during the peak of the Russian invasion

It was around $115 for a while, almost half as much again as recently.

A while back when oil was circa $70 diesel went up to 123.9p .......

https://www.theguardian.com/business/2018/jan/10/oil-price-hits-three-year-high-petrol-prices-uk

Been a lifetime since diesel was this price.  Its not profiteering, more like racketeering.

Sterling is worth less against the dollar than in 2018, so that could add 10% even if the oil price was the same. The tax may have gone up too. 

[93-DY-SAM]

Interesting how many of these big firms' profits have increased by factors of stupid yet they'd have you believe on a day-to-day basis that their margins are being squeezed which is why prices have had to go up. Everyone is at it from oil companies, energy companies, insurance companies, supermarkets etc. It is us mugs at the bottom who are being taken for every penny but sure look over there, there is a boat load of people that look different than us arriving into the country. It is an absolute scandal where the super-rich are getting richer by the minute and everyone else is poorer.

[armaghniac]

Interesting how many of these big firms' profits have increased by factors of stupid yet they'd have you believe on a day-to-day basis that their margins are being squeezed which is why prices have had to go up. Everyone is at it from oil companies, energy companies, insurance companies, supermarkets etc. It is us mugs at the bottom who are being taken for every penny but sure look over there, there is a boat load of people that look different than us arriving into the country. It is an absolute scandal where the super-rich are getting richer by the minute and everyone else is poorer.

Your statement is indiscriminate. Some companies are making large profits, if you own an oil well or gas field and the price of these things go up then of course you make a big profit. That in itself does not mean that your local petrol station makes more money.

[Mike Tyson]

Interesting how many of these big firms' profits have increased by factors of stupid yet they'd have you believe on a day-to-day basis that their margins are being squeezed which is why prices have had to go up. Everyone is at it from oil companies, energy companies, insurance companies, supermarkets etc. It is us mugs at the bottom who are being taken for every penny but sure look over there, there is a boat load of people that look different than us arriving into the country. It is an absolute scandal where the super-rich are getting richer by the minute and everyone else is poorer.

Your statement is indiscriminate. Some companies are making large profits, if you own an oil well or gas field and the price of these things go up then of course you make a big profit. That in itself does not mean that your local petrol station makes more money.

"Recent figures from RAC Fuel Watch show that the average profit margin on a litre of petrol is 10p. For diesel it's a massive 21p. Prior to the pandemic, the long-term margin on both fuels was around 7p per litre"

https://www.nationalworld.com/opinion/as-profit-margins-double-its-hard-not-to-feel-drivers-are-being-taken-for-a-ride-on-fuel-prices-4155088

The above statement may be heavily influenced by supermarkets taking the pi$$, but would suggest that everyone is at it.

[armaghniac]

Interesting how many of these big firms' profits have increased by factors of stupid yet they'd have you believe on a day-to-day basis that their margins are being squeezed which is why prices have had to go up. Everyone is at it from oil companies, energy companies, insurance companies, supermarkets etc. It is us mugs at the bottom who are being taken for every penny but sure look over there, there is a boat load of people that look different than us arriving into the country. It is an absolute scandal where the super-rich are getting richer by the minute and everyone else is poorer.

Your statement is indiscriminate. Some companies are making large profits, if you own an oil well or gas field and the price of these things go up then of course you make a big profit. That in itself does not mean that your local petrol station makes more money.

"Recent figures from RAC Fuel Watch show that the average profit margin on a litre of petrol is 10p. For diesel it's a massive 21p. Prior to the pandemic, the long-term margin on both fuels was around 7p per litre"

https://www.nationalworld.com/opinion/as-profit-margins-double-its-hard-not-to-feel-drivers-are-being-taken-for-a-ride-on-fuel-prices-4155088

The above statement may be heavily influenced by supermarkets taking the pi$$, but would suggest that everyone is at it.

If the supermarkets do it then it increases the scope for the an extra penny or two in that area. I'd say that the margin probably started off a cent less and did not go up as much in liberated Ireland.