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Dropping price of fuel.
- Thread starter MaDProFF
- Start date
Petrol could be free and spew out roses as emissions and I'd still be buying a Model 3, personally.
Jason71
Well-Known Member
I have been wondering if there will be a fuel duty rise tomorrow. the govt push for electric makes a good political justification and a drop in oil prices could take the sting out of it.
Corvid-19 could change everything though since they may suddenly find the economy needs stimulating and fuel duty rises are not on message for that at all
Corvid-19 could change everything though since they may suddenly find the economy needs stimulating and fuel duty rises are not on message for that at all
Price of oil took a battering the other day. Good that the ‘savings’ are being passed on.
https://www.bbc.co.uk/news/business-51811972?app=news.business.story.51811972.page
https://www.bbc.co.uk/news/business-51811972?app=news.business.story.51811972.page
The petrol companies will roll out the old "we buy petrol/oil months in advance, and so the drop will take a time", three months later, no decrease.
WannabeOwner
Well-Known Member
USA Shale production cost is now above current barrel-price ... thus I think the "oil independence" in the USA will become something for them to fret about. Easy to mothball Shale extraction, short term, though ...
last time there was a flood-the-market price cut (Saudi I think) it took ages for other states to get business back. I expect that will be in people's minds this time ... so that may influence how the OPEC vs. Russia things pans out.
I would like to stick with North Sea wind, rather than a inter-Continental high voltage DC interconnect to "places with lots of sunshine" (i.e. desserts!) which would put us back into ransom-pricing.
Louis0w
Member
Asda have this morning announced a 2p reduction in both Petrol and Diesel. Sure other supermarkets will quickly follow.
Clever move by the Saudis - piss off both Russia and the USA. You can't teach that.
For this to be effective, the price will have to be kept low for over a year.
In that time, a lot of other countries are going to be up against it - Venezuela being the most likely first candidate.
For this to be effective, the price will have to be kept low for over a year.
In that time, a lot of other countries are going to be up against it - Venezuela being the most likely first candidate.
Supply and demand? Am sure that as demand from road transport drops, fuel will get cheaper for a while as oversupply kicks in, then companies will start pulling out of the market and prices will go back up.
Of course, if they reinstate the fuel duty escalator (or something similar) tomorrow then all bets are off...
Of course, if they reinstate the fuel duty escalator (or something similar) tomorrow then all bets are off...
Lchamp
Member
I can't imagine spending $60k on a car to save a couple of bucks on gas. I bought the car for the safety aspect and long term maintenance savings.
In the US you have been protected from high gas prices - us Europeans have been paying over $8 a gallon at times. I'm pretty sure you would look to save a few bucks at that price!
This pesky Russian is already driving a Tesla.
Most of the petrol/diesel price is TAX, so price at the pup wont change much, like it didnt in 2007. So it costs you £60 to fill up, now it costs you £55, congratulations you saved £5/month for 6 month, yeah sure don't buy that EV, clearly no point now.
Queue the "I can buy a lot of diesel for xxx grand" messages.
This will be interesting to watch...
its "очень интересно"
"очень интересная" is feminine, something you might describe a girl (or a car - which is feminine in Russian) as being "interesting". I.e. "Тесла очень интересная машина"
Good attempt though
