Diesel, petrol, oil price watch

[marty34]

Was needing oil for the colder weather and had been sitting for ages now not knowing when to strike on it but looks like i've made an error waiting as it's now thru the roof. I still have some left in the tank but when do you buy?

Bite the bullet.

Not sure what wiggle room Trump has left to try to influence the oil market to lower crude prices.

He tried the theft of the Venezuelan oil two weeks ago, it was the couple of dozen upcoming peace deals before that.

Maybe he'll bomb the Houthis on the Red Sea coast, but will that do anything?

I think it'll go higher just because there'll be more demand over the next few months.

[RadioGAAGAA]

Was needing oil for the colder weather and had been sitting for ages now not knowing when to strike on it but looks like i've made an error waiting as it's now thru the roof. I still have some left in the tank but when do you buy?

When it happens again - you need to look at somewhere like here every week:
https://www.consumercouncil.org.uk/home-heating/price-checker/archive

and ask yourself "how much lower could it realistically go - and am I saving much by taking the risk and waiting?".


It was well down at start of July. We dithered a week and missed the absolute dip - but it was pretty close to the norm over the 3 years before it.

[armaghniac]

Was needing oil for the colder weather and had been sitting for ages now not knowing when to strike on it but looks like i've made an error waiting as it's now thru the roof. I still have some left in the tank but when do you buy?

When it happens again - you need to look at somewhere like here every week:
https://www.consumercouncil.org.uk/home-heating/price-checker/archive

and ask yourself "how much lower could it realistically go - and am I saving much by taking the risk and waiting?".


It was well down at start of July. We dithered a week and missed the absolute dip - but it was pretty close to the norm over the 3 years before it.

July was the time to order, as there is a summer effect as well as the international relations aspect.

[Wildweasel74]

I ordered mine when the weather was hot. Stime in July, when it was rumoured the US was gonna do more strikes on Iran, after they had agreed a ceasefire.It not go down now to March. Maybe if they can agree a ceasefire.

[Wildweasel74]

All the farmers not out protesting Trump, like earlier in the year, say he put diesel up 50p a litre and heating oil up to £1 a litre. Nah didnt think so.

[From the Bunker]

All the farmers not out protesting Trump, like earlier in the year, say he put diesel up 50p a litre and heating oil up to £1 a litre. Nah didnt think so.

Has to be the most ridiculous post of the year.

[Armagh18]

All the farmers not out protesting Trump, like earlier in the year, say he put diesel up 50p a litre and heating oil up to £1 a litre. Nah didnt think so.

Has to be the most ridiculous post of the year.

?? Trump is directly responsible for the oil prices going mad with his bombing of Iran.

[Tony Baloney]

All the farmers not out protesting Trump, like earlier in the year, say he put diesel up 50p a litre and heating oil up to £1 a litre. Nah didnt think so.

Has to be the most ridiculous post of the year.

Why is that? Country was brought to a standstill about tax rates on fuel. Tax is a percentage of the total cost of a litre so you'd think the man driving up the overall price would be in the firing line. But hardly likely when creeps like Christopher Duffy think he's a great fella.

[seafoid]

Oil is in a bubble. There is a lot of money driving the price up.  It could go on for a while.

[Torcrua]

Oil is the obvious starting point, with Brent crude back around the $100 a barrel mark. The Middle East situation and the disruption to supply and shipping are putting pressure on the market, but diesel is also being hit by tighter refining capacity and lower inventories.

Then you've got the UK side of things. Fuel duty is going up again, so even if the oil price settles, we're still carrying additional tax pressure at the pumps.

If the geopolitical situation settles and oil comes back towards $80–90, I'd expect pump prices to fall fairly quickly. But if oil stays above $100 and diesel supply remains tight, I wouldn't be surprised to see diesel pushing towards £2 a litre and petrol moving towards the £1.75–£1.80 mark.

For businesses, tradesmen, hauliers and anyone doing big mileage, that's a serious increase in operating costs.

Personally, I think we're going to see a lot more volatility rather than simply a steady rise or fall. A few dollars either way on crude can make a noticeable difference at the pumps.

[seafoid]

Oil is the obvious starting point, with Brent crude back around the $100 a barrel mark. The Middle East situation and the disruption to supply and shipping are putting pressure on the market, but diesel is also being hit by tighter refining capacity and lower inventories.

Then you've got the UK side of things. Fuel duty is going up again, so even if the oil price settles, we're still carrying additional tax pressure at the pumps.

If the geopolitical situation settles and oil comes back towards $80–90, I'd expect pump prices to fall fairly quickly. But if oil stays above $100 and diesel supply remains tight, I wouldn't be surprised to see diesel pushing towards £2 a litre and petrol moving towards the £1.75–£1.80 mark.

For businesses, tradesmen, hauliers and anyone doing big mileage, that's a serious increase in operating costs.

Personally, I think we're going to see a lot more volatility rather than simply a steady rise or fall. A few dollars either way on crude can make a noticeable difference at the pumps.

The UK is going to get

Higher petrol prices
Higher taxes
Higher mortgage rates
Higher inflation

That is going to hammer disposable income..

I wouldn't like to be a loyalist. Shafted economically by the forces you worship


https://youtu.be/_DF9gGMmtFE?is=-pqkdOcelIoV87T9

[LC]

Oil is the obvious starting point, with Brent crude back around the $100 a barrel mark. The Middle East situation and the disruption to supply and shipping are putting pressure on the market, but diesel is also being hit by tighter refining capacity and lower inventories.

Then you've got the UK side of things. Fuel duty is going up again, so even if the oil price settles, we're still carrying additional tax pressure at the pumps.

If the geopolitical situation settles and oil comes back towards $80–90, I'd expect pump prices to fall fairly quickly. But if oil stays above $100 and diesel supply remains tight, I wouldn't be surprised to see diesel pushing towards £2 a litre and petrol moving towards the £1.75–£1.80 mark.

For businesses, tradesmen, hauliers and anyone doing big mileage, that's a serious increase in operating costs.

Personally, I think we're going to see a lot more volatility rather than simply a steady rise or fall. A few dollars either way on crude can make a noticeable difference at the pumps.

The UK is going to get

Higher petrol prices
Higher taxes
Higher mortgage rates
Higher inflation

That is going to hammer disposable income..

I wouldn't like to be a loyalist. Shafted economically by the forces you worship


https://youtu.be/_DF9gGMmtFE?is=-pqkdOcelIoV87T9

If / when the above happens it will have the same impact whether you are loyalist or republican.

[seafoid]

Oil is the obvious starting point, with Brent crude back around the $100 a barrel mark. The Middle East situation and the disruption to supply and shipping are putting pressure on the market, but diesel is also being hit by tighter refining capacity and lower inventories.

Then you've got the UK side of things. Fuel duty is going up again, so even if the oil price settles, we're still carrying additional tax pressure at the pumps.

If the geopolitical situation settles and oil comes back towards $80–90, I'd expect pump prices to fall fairly quickly. But if oil stays above $100 and diesel supply remains tight, I wouldn't be surprised to see diesel pushing towards £2 a litre and petrol moving towards the £1.75–£1.80 mark.

For businesses, tradesmen, hauliers and anyone doing big mileage, that's a serious increase in operating costs.

Personally, I think we're going to see a lot more volatility rather than simply a steady rise or fall. A few dollars either way on crude can make a noticeable difference at the pumps.

The UK is going to get

Higher petrol prices
Higher taxes
Higher mortgage rates
Higher inflation

That is going to hammer disposable income..

I wouldn't like to be a loyalist. Shafted economically by the forces you worship


https://youtu.be/_DF9gGMmtFE?is=-pqkdOcelIoV87T9

If / when the above happens it will have the same impact whether you are loyalist or republican.

Oil is the obvious starting point, with Brent crude back around the $100 a barrel mark. The Middle East situation and the disruption to supply and shipping are putting pressure on the market, but diesel is also being hit by tighter refining capacity and lower inventories.

Then you've got the UK side of things. Fuel duty is going up again, so even if the oil price settles, we're still carrying additional tax pressure at the pumps.

If the geopolitical situation settles and oil comes back towards $80–90, I'd expect pump prices to fall fairly quickly. But if oil stays above $100 and diesel supply remains tight, I wouldn't be surprised to see diesel pushing towards £2 a litre and petrol moving towards the £1.75–£1.80 mark.

For businesses, tradesmen, hauliers and anyone doing big mileage, that's a serious increase in operating costs.

Personally, I think we're going to see a lot more volatility rather than simply a steady rise or fall. A few dollars either way on crude can make a noticeable difference at the pumps.

The UK is going to get

Higher petrol prices
Higher taxes
Higher mortgage rates
Higher inflation

That is going to hammer disposable income..

I wouldn't like to be a loyalist. Shafted economically by the forces you worship


https://youtu.be/_DF9gGMmtFE?is=-pqkdOcelIoV87T9

If / when the above happens it will have the same impact whether you are loyalist or republican.

Oil is the obvious starting point, with Brent crude back around the $100 a barrel mark. The Middle East situation and the disruption to supply and shipping are putting pressure on the market, but diesel is also being hit by tighter refining capacity and lower inventories.

Then you've got the UK side of things. Fuel duty is going up again, so even if the oil price settles, we're still carrying additional tax pressure at the pumps.

If the geopolitical situation settles and oil comes back towards $80–90, I'd expect pump prices to fall fairly quickly. But if oil stays above $100 and diesel supply remains tight, I wouldn't be surprised to see diesel pushing towards £2 a litre and petrol moving towards the £1.75–£1.80 mark.

For businesses, tradesmen, hauliers and anyone doing big mileage, that's a serious increase in operating costs.

Personally, I think we're going to see a lot more volatility rather than simply a steady rise or fall. A few dollars either way on crude can make a noticeable difference at the pumps.

The UK is going to get

Higher petrol prices
Higher taxes
Higher mortgage rates
Higher inflation

That is going to hammer disposable income..

I wouldn't like to be a loyalist. Shafted economically by the forces you worship


https://youtu.be/_DF9gGMmtFE?is=-pqkdOcelIoV87T9

If / when the above happens it will have the same impact whether you are loyalist or republican.

It's the cost of unionism.


In the 1950s the North had the NHS and social welfare and Ireland didn't and republicans in south Armagh had to begrudgingly admit that the North was better.

So now it's the other way around.

The costs wouldn't be as high in a united Ireland. Ireland doesn't have a budget deficit. Euro interest rates are lower than UK rates.

[Wildweasel74]

I expect diesel gonna jump again abit this week with the other strait to the red sea cut off over the weekend with the Houthi rebels kicking off again.

[marty34]

I expect diesel gonna jump again abit this week with the other strait to the red sea cut off over the weekend with the Houthi rebels kicking off again.

I thought it jumped up a bit this during the past week also.

I wonder will be get to £2/litre for diesel.