Worrying drop in fuel prices.

[onefortheroad]

I'll do my bit to help a recession by filling up the tank whilst its cheap.

 

[teddycatkin]

Not the only thing that is wrong today---? most of what we pay for is fuel duty and goes to the government yet with a call for the minimum wage of £9 per hour living wage =£360 per week they then think its fair to pay only £115.95 per week as a maximum full pension after you have worked all your life and paid into the system for it ?
How can this amount be considered enough to live on then its very very wrong?

 

[SL63 Mark]

I've just paid £68 for a tank of unleaded, for the SL. It was £90 a couple of years ago.

I believe there is world oversupply of oil - the Americans have huge stockpiles, and the Saudis cannot afford to cut production, leading to the market being saturated.

Can't see how that causes a recession unless the resulting deflation causes consumers to defer purchasing decisions ? Hopefully increased cash in people's pockets will balance that out. There will of course be a lot less revenue for governments which may cause problems.

 

[teddycatkin]

Oil is the thing the world economy has been based and worked on for years

 

[television]

Oil is the thing the world economy has been based and worked on for years

Strange we all use it but too much of it, too much steel and no one wants that. Interest rates will have to go up, I wonder what is next.

 

[Frontstep]

But no-one of consequence foresaw the crash of 2008, so why believe anything the tea leaf readers come up with ??!!


P

They did but not many wanted to listen;

http://intheblack.com/articles/2015...-and-why-we-should-listen-to-them-from-now-on

 

[Frontstep]

It is abundantly clear that the complicated juggling act that is running an economy is beyond Mr Osbourne who tried to bamboozle the foolish members of the electorate with his "nations credit card analogies" noticeably dropped very quickly.

To some ( many even) strange but Gordon Brown was a good Chancellor.
That is not a comment on the Labour Governments policies.

We are still much in debt http://www.nationaldebtclock.co.uk/

Cut expenditure by all means but with care and thought, something we haven't had so far.

 

[ajlsl600]

pension

Not the only thing that is wrong today---? most of what we pay for is fuel duty and goes to the government yet with a call for the minimum wage of £9 per hour living wage =£360 per week they then think its fair to pay only £115.95 per week as a maximum full pension after you have worked all your life and paid into the system for it ?
How can this amount be considered enough to live on then its very very wrong?

yr supposed to drop dead the day after you retire and not claim any pension at all . unless yr a civil servant , mp of salary for life pm .

 

[ajlsl600]

fuel/tax ect

More money to spend on everything else, the cost of fuel is just another form of taxation

Less tax therefore = happiness

P

dont worry the state will already be working on another way to get the lost fuel tax revenue from you , thing is when prices recover ,and they will (just as my heating tank empties ) the same people will forget about the extra tax imposed and you will be paying even more .

 

[Ben Longden]

Petrol and LPG prices here are up and down like whores drawers... and a fair slice of the $ is in tax...


Ive noticed that diesel price is staying stable....


By the way, our petrol prices increase dramatically, by around 20c a litre just before Friday lunchtime. Just in time to catch the weekend traffic.

Anyone else notice this?

 

[Parisien]

They did but not many wanted to listen;

http://intheblack.com/articles/2015...-and-why-we-should-listen-to-them-from-now-on

If they didn't get their message out, then their message didn't exist.........big fail on their behalf, or course if 6000 other authorities said nonsense, who'd get listened to!!??


P

 

[swifty]

My sandwich board awaits....

 

[Parisien]

dont worry the state will already be working on another way to get the lost fuel tax revenue from you , thing is when prices recover ,and they will (just as my heating tank empties ) the same people will forget about the extra tax imposed and you will be paying even more .

Doesn't matter to me, just nip over into RoI and fill up there, ultimate insult to HMRC, receive NO fuel duty tax whatsoever!


P

 

[Parisien]

View attachment 30543 My sandwich board awaits....

Brill!!!!!!!!!


P

 

[television]

View attachment 30543 My sandwich board awaits....

Love it, but as an old age gubber nothing makes any difference at all to me.

 

[Naraic]

Petrol and LPG prices here are up and down like whores drawers... and a fair slice of the $ is in tax...


Ive noticed that diesel price is staying stable....


By the way, our petrol prices increase dramatically, by around 20c a litre just before Friday lunchtime. Just in time to catch the weekend traffic.

Anyone else notice this?

Must be a steep learning curve. If this happens every Friday it must be because people haven't learnt.

 

[eman]

They do say if you have any shares (In anything) sell as the bottom is going to fall out of the market.

 

[Gccad]

The prices at the moment are driven by the Saudi industry. The amercan/Saudi agreement has fallen foul so the Saudis are driving the price of crude to an artificial low price to try and put the rest of the world (American oil) out of business. That was the intention however hasn't quite worked as the Saudi government are propping up their industry and it is going on too long. IMHO we are on a trampoline and on the down part of the jump eventually the Saudi government will want to re coup and the price will rocket Watch this space

 

[Frontstep]

Its American oil and the mild start to the winter thats causing the "problem" the yanks have doubled production and thats a lot of oil from the worlds biggest energy guzzler.
This lack of demand has pushed a lot of oil back into other markets.

There is also quite a few weak economies out there .

 

[teddycatkin]

and now with sanctions lifted in Iran ?