Petrol prices creep up on weak pound

121 Comments | Add Comment | Blog entry posted 12th February, 2009

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Motorists are now paying more than £1 per litre for diesel and 90 pence per litre for unleaded.

The average price of unleaded jumped 4.3 pence per litre in January, while diesel increased by 3 pence per litre, according to data from PetrolPrices.com.

The rises mean the average motorist is now paying an extra £2.50 per tank compared to last month.

Last July pump prices reached record highs of 119.9 pence per litre for unleaded and 133.4 pence per litre for diesel.

The price of oil also peaked around the same time at $147 a barrel, only to collapse to $38 a barrel in late December.

Oil prices have stabilised at around $47 a barrel in 2009, prompting some motoring groups to accuse petrol retailers of profiteering as prices increase.

However, the problem is not just greedy petrol stations putting the price up, but the weakness of the pound against the dollar.

Oil is sold in dollars, and when the pound is weak it makes fuel more expensive for us to buy. The pound might have strengthened in recent weeks but that takes time to take show at the pumps.

The exchange rate is the main reason prices are rising again, but also, because prices are relatively low there’s no pressure on retailers to reduce them further.

Have you noticed pump prices creeping up again?

Replies to Petrol prices creep up on weak pound

M.goodwin September 1, 2009

report reply to M.goodwin

why do will this country not stand up for itself we keep on letting the goverment and the oil people keep putting up prices and the oil price is only a third of the price it was last year, so lets all get togeather and put a stop to it let stand up for what is right,or it will go on and on, letting them git away with it, what do you all say, come on

Pen March 31, 2009

report reply to Pen

I just can't beleive how garages and the govenment are getting away with these price hikes, especially when household fuel has at long last started to go down - Can't anyone do anything????????

William Jarrett March 24, 2009

report reply to William Jarrett

why is it that youre small local garages round here could probably make a lot more money if they actualy sold petrol at same as big supermarkets does any of them worked out that customers would rather travel to them rather that further afield to fuel up for less jist of story they could probably make moreeee

Rocka B Baby March 4, 2009

report reply to Rocka B Baby

(pin being dropped)
.......................................................ping............................................................
................................................shh all quiet......................................................
What happened to promoting the cheapest stations in your area?

Boo To Kellerman March 4, 2009

report reply to Boo To Kellerman

If any other person in any other job failed so badly they would be sacked.
The pension would be frozen.
There should be public floggings and executions.
This country is so badly managed it is bordering on laughable. No, I take that back, it is ALREADY laughable.
Paid millions for total failure.
What a farce this country has become.
So much bullsh*t coming from the halls of power, they are believing it themselves.
On the bright side.....
Sorry. Cant think of anything right now.

Bandidoz March 4, 2009

report reply to Bandidoz

Yeah bit of a real c*ck-up that pension story, they should have let it die quietly rather than try to be macho "we'll get our money back" and then failing miserably.

The politicians should be preparing for energy scarcity in the medium term, but they're shirking the responsibility and passing the buck to future governments. Hence they're not doing their job, thus bad value for money, so WE'RE BEING RIPPED OFF :P

Hi all. Keep cool :D

David Gauton March 2, 2009

report reply to David Gauton

Yes the motorist is being ripped of Ok the £ is weak But whos fault is that? All these big wigs that were greedy and were making lots of money Now a lot of them have lost their jobs but have fat pensions so they can still aford to pay for fuel Me no work since Christmas no fat pension but still have to pay out the same price as them.Yes lets keep fuel going up then everything we buy will cost more then more people wiil loose their job , but them that started it all will still be getting their fat pension.As for goverment they love it because every time it goes up a bit more for them so they can still go on getting big expenses because they are away from homeI f go and find a job the otherside of the country can i claim £100,000+ expenses YES WE ARE GETTING RIPPED OF

Adrian John Bell March 1, 2009

report reply to Adrian John Bell

111 Hi Steve
Yes getting back to my old self slowly, although my knee is giving me some jip at the moment, I twisted it last night quite easily really I'm sure you've done it too since your accident.
Talking of "old self" I see peaky is back but to be fair to him/her a different page has been copied and pasted and, though the words are different the theme is still the same.
I've spoken to my girls and all joking apart, there'd be a very warm welcome here for you and would help you all we could. It will seem very strange to some readers that this trust could exist between us having never met in person as it were and, for all we know you or I could be a mad axeman looking for the next victim but we are not naive we are both business men
and we wouldn't do anything to compromise safety.(Sounds like a dirty old perv grooming a young victim) and I've got the ideal way of dealing with them, 1 maybe both cartridges of a 12 bore and a vat of acid to get rid of the body, no cushy jail cells in my justice system.
Anyway buses, taxis, friends and family are getting me out and about and diesel down here is 96.5 ppl and unleaded 89.9 (point bloody 9!!!).
I'm not missing the driving so much it's the relying on others that stresses me out, and as my wife can't drive it can sometimes be difficult.
I to have seen that 21/12/2012 thing as well perhaps this is when they'll prove that oil is self replenishing or not and as for the "end of the World as we know it" well if you think literally the World changes every day so therefore the World as we know it ends every day and a changed one starts.

Brummie March 1, 2009

report reply to Brummie

hey lads hows it going these days
ive been away again but now im back. ive been looking at the thing been writen here and some of you are really up your own arses
where do you get off,./?
ok we no the oil is running out and the price will go up and f*cking up but having some stuck up gits telling us not to by something is p*sses me off,.
I think they should smoke some calming down baccy and chill out a bit,. no what i mean,.?
why take all this stress man/? getting excited over something you or me cant control gets us nowhear,.
Adrian sorry to read you been ill and good that your getting better now,.must have been tuff on the misses and kids for a bit but happy your getting better,.nice one man,
to all the others bandidoz who i think chills out on the snide, kellogman how it hanging man, ITA been a long time, gerg brown still fulla sh*t no doubt, steve m keeps winding you lot up and limping for a bit, and hello bubba the quiet one, boo to kellogman wise words dude
gotta go now,. my daughter need to the lap top,.
good to be back.

Steve M March 1, 2009

report reply to Steve M

Hi,

Peak oil has passed.

Peak oil is here.

Peak oil is coming soon.

Peak oil is over Fifty years away.

Peak oil is a myth.

Choose any one from the above and there will be experts to prove you right.

Choose any one from the above and there will be experts to prove you wrong.

Believe what you will.

All 'doomsday-ers' and 'the end of the world is nigh-ers' have the same end result. Death of civilisation as we know it.

It has been prophesied for centuries but the most significant date for 'the end' in our life time seems to be 21/12/2012. There are titles in bookshops with the date 2012 stamped on the cover. Many 'proving' the end is nigh.

Whether the 'end' is near or not, the price of diesel seems to be falling slowly in the Midlands, with 7 garages now showing at 96.9ppl.

Adrian, Hiya,
The knee is coming along and getting less of a burden with each passing day. The swelling has gone right down and it is amazing how the one leg resembles a matchstick while the other seems to put on weight. Thanks for asking.

How are you feeling now? You certainly sound like your old self in the blogs you post.

Mandy Oilpumps. March 1, 2009

report reply to Mandy Oilpumps.

While panic is not the prescription, experts are warning that the time to begin taking Peak Oil seriously is PAST.

No point worrying then if the time has past.

Capri March 1, 2009

report reply to Capri

RE Peak Oil Report. 105.
Andrew Nikiforuk is an established author who sells books based on the deep seated fear inside all of us.
He has established himself a career in sensationalising everyday occurrences.
His book Pandemonium has attempted to bring bird flu, mad cow disease and other 21st century biological plagues into mass panic proportions. The only possible disease that could kill on mid 14Th century Bubonic plague proportions is Lyme disease.
The number of reports of Lyme disease have increased so dramatically that today, Lyme disease is the most prevalent tick-borne illness in the United States. BUT it is still NOT a pandemic.
Nikiforuk earns his living from causing panic and his works are like reading and believing that Elvis is alive and well and works in a chip shop in Lower Piddle.
The rest of the report is believable.

Peak Oil March 1, 2009

report reply to Peak Oil



While panic is not the prescription, experts are warning that the time to begin taking Peak Oil seriously is past.

"It's not about believing. It's about facts," said Gord Miller, Ontario's environmental commissioner. Miller has been warning about Peak Oil for years. He thinks we hit peak around early 2007.

"If we're not there, we're awful close," said Dave Hughes, a geoscientist who once ran Canada's national coal inventory.

Peak Oil doesn't mean we have run out of the stuff. It means that we have crested the top of a bell curve of supply. Then it's a roller-coaster ride down. Depending on who you ask, that ride will either be slow and uncomfortable or teeth-rattling and destructive.

"Depletion is taking somewhere between 5 and 6 per cent of (existing) world oil production per year," said Hughes. "The reason that oil price is where it is today is that the economy has reduced demand."

No one has found a major new oil field since the 1960s. It's getting harder and more expensive to bring up the oil we know is there. All these signs point toward the peak.

What happens now?

The first stage is price volatility, a little like the $100-per-barrel drop we've seen in less than a year.

The current low price "will increase demand to a certain extent, which will then increase price," Hughes said. "There will be a few cycles of that. That is, until depletion kicks in for good."

Hughes guesses a barrel of oil could cost $200 (U.S.) within the next two to four years. It sits at $41 today. Andrew Nikiforuk, author of Tar Sands, imagines it could go as high as $300 in that time.

"The second stage is supply shortages," Hughes said. "We could see a replay of the (oil crisis of the) early '70s."

Canada might initially be insulated from supply shocks, owing to our huge deposits in the Alberta oil sands. Of course, most of that oil is pumped into the U.S. Since Ontario, Quebec and the Maritimes get most of their oil from overseas, we are vulnerable.

And then?

"It will be a slow deterioration in our quality of life, in the reliability of transportation, in the availability of certain foods as well as price spikes for food," Nikiforuk said.

"It will cause pandemonium in both the public and private spheres."

So what should we do?

"Save your capital. Reduce your consumption. A lot. Make yourself accessible to mass transit," Hughes said. "And forget about buying things at Wal-Mart that were shipped here from halfway around the world."

"You prepare by walking more, operating one vehicle. You prepare by buying more food locally and talking to your friends about getting engaged in the political process," said Nikiforuk. "Oil has made us fat and lazy. ... It was a 150-year addiction to an energy source we didn't appreciate or use particularly wisely.

It distorted our economy. Now it's going. And we can't go back to business as usual."

Adrian John Bell February 28, 2009

report reply to Adrian John Bell

105 Steve
Yes:-

It's easy enough to be jolly
When life rolls along like a song.
But a man is worthwhile
If he can just smile
when all around him go's wrong.

I've had some up's and downs, and I've knocked on deaths door a few times
but thankfully there's never been anyone there to let me in.
As for the time when the bailiffs call well there but for the grace of God go's I.
I indeed got out at the right time but the decision was purely a financial one
(though my health too played a significant part) and as I did my apprenticeship as an engineer I returned to something I enjoyed but again to start a similar business from scratch today would be very difficult and I am obliged to have certificates for the safe handling and disposal of certain chemicals that many people entering the profession today would be put off by, plus all the health and safety legislation it would be a daunting task had we not the experience that the years have brought.
I am in all but full retirement now and I try not to interfere but I've never been one to sit idle and the first 2 months of this year have really pi$$ed me off but the girls are doing a sterling job it's just letting them find out that they don't really need me there that has made it harder to accept.
Sometimes I feel totally damned useless but I've done my bit.
When I started the company I trusted everybody and made it what it was but now the girls trusted nobody and have made it twice as successful but this and the next few years might test their mettle so maybe they'll ask their old dad for some help after all. They are my legacy. And I love them to bits.
How's your knee now? I've had my check up and will need replacement knee joints in the not too distant future.

Steve M February 28, 2009

report reply to Steve M

Adrian,

You had the balls to have a go in the first place and the foresight to know when to sell.

Some friends I know had a nice little 400 year old pub near Leicester.

When it was obvious the business was failing through no fault of their own (there were outside influences which I will not bore you with here) They remortgaged the house and threw everything along with the kitchen sink to stay afloat.

Well unfortunately the bailiffs called and they were forced to close.

After a not too long drawn out battle to keep what they had, which was a house with more borrowed on it than it was worth, they eventually lost that too.

They stayed with us for a short time while they tried to get their life back to some normality. But after a month or two his wife had a breakdown and they soon parted company.

I learned some valuable lessons on the back of friends misfortune, which is why we have a 'pot' to pi$$ in and keep it full enough to pay the krap.

One of my Grandfathers favorite sayings was "take the good with the bad"

If only he knew.

Adrian John Bell February 28, 2009

report reply to Adrian John Bell

103 Steve M
I'd have to speak to the 2 MD's before making a concrete offer.
Yes £180,000 was a lot of money then but the business cost me £100,000
mortgage and that had to be paid off so I wasn't left with a fortune just enough to start the engineering company up, when I said I owned it outright I meant with no ties to a petrol company. (Not a franchise)

It would have to be a whisky not a beer, better for the heart.

Steve M February 28, 2009

report reply to Steve M

Adrian,

Sorry, no engineering qualifications. Only consider an offer? I thought it was concrete. lol

I have always liked to be paid from the neck up not the neck down.

£180,000 was a lot of money yesteryear and would buy you a reasonable 3 bed semi in the outskirts of most cities.

As you still basically own a garage and had a pay off I would like to offer any help you need in spending any cash you may have lying around ;-)

I would love to buy you a beer (or a bottle of finest whisky) Maybe one day.



Adrian John Bell February 28, 2009

report reply to Adrian John Bell

110 Steve M
If you've any engineering qualifications I'd consider offering you a job.
I forgot to mention earlier but some of you may remember a chain of petrol stations that sprung up in South Wales in the mid 80's called "Action" stations owned by a local man called "Donald Humphries" affectionately known as "Curly Humphries" though he had very little hair and he bought up about 30 independent stations and was a competitor of mine but he was selling his fuel cheaper than I could buy it so I sold out to him for £180,000 lock stock and 2 very squeaky pumps. And I never looked back.

Adrian John Bell February 28, 2009

report reply to Adrian John Bell

To answer Capri's question in 97.
As I owned the garage outright I could buy my fuel from whichever supplier I chose and at the time conoco (Jet) had the most favourable credit terms
where I could take delivery after say the 3rd of the month and pay at the end of the following month so almost 8 weeks credit if timed right, though I was having 2 deliveries a week the timing was critical and I could "name my own price" but had to stay competitive.Credit then was more flexible too
remember after all that I was having £10,000 of fuel a week and paying for it sometimes as much as 8 weeks later, you'd be lucky to get a week's credit today.
I was making about 7 pence a gallon then about 1.5 ppl. and as I don't know the profits today I can't say if it's better, worse or the same.
I could buy the non-fuel items anywhere I chose and in those days of less red tape and regulations my wife could make sandwiches and rolls at home for sale in the garage (nice little earner). I would say it's harder today than in my day and it was by no means easy then to run a garage.
To answer your final point yes the subsidy should be scrapped and priced individually, because if my car (hypothetically speaking cause I can't drive at the moment) does 50 mpg on diesel and yours does 30 mpg on petrol then why should I pay for the 20 miles per gallon difference when petrol is often stated more expensive to produce than diesel.

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