Home > Off Topic > Fuel Costs |
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AJGalaxy2012 Member Since: 11 Jun 2018 Location: Gainsborough Posts: 1464 |
Oil prices will continue to rise, the easy to get oil has been extracted, now the more difficult to access oil reserves are being explored. The labour costs are increasing, the hardware costs are increasing the net result can only be an increase in oil prices. I retired our of the offshore oil industry 5 years ago and the writing was on the wall at that point of where all of the was heading.
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1st Mar 2022 11:17am |
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Bean19844 Member Since: 25 Oct 2020 Location: Essex Posts: 929 |
It's only going too push the country back into a recession mate I think. People are going to end up borrowing money they simply can't afford too pay back as each month they will borrow and borrow. I remember I could fill my v8 up for around £110 when I first got it, now its generally the wrong side of £150 as I only use tesco momentum or shell v power. The local shell garage for e10 petrol is already at £1.57pl so sooner or later I think we will see prices of £2 or more |
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1st Mar 2022 3:01pm |
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RRV8SC Member Since: 02 Oct 2021 Location: SW London Posts: 179 |
It might end for me when it's more expensive than public transport.
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2nd Mar 2022 2:46pm |
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mpirie Member Since: 26 Jun 2012 Location: In the Highlands Posts: 899 |
Always assuming you have access to public transport!
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2nd Mar 2022 7:56pm |
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kds2 Member Since: 30 Sep 2017 Location: lincoln Posts: 223 |
Like your thinking sir. |
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2nd Mar 2022 8:48pm |
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Gsxr1250dave Member Since: 20 Oct 2018 Location: London Posts: 901 |
I'm on lpg which is going up but still cheaper to run plus my 2 dogs x2 boys , wife and elderly mother inlaw plus her wheel chair all fit in comfort in the motor. Public transport NEVER !!!!!!! |
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2nd Mar 2022 8:57pm |
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MPx Member Since: 29 Jul 2011 Location: South Somerset Posts: 590 |
I get the comparatve point you're making but £1:50 from empty is a stretch even for the now defunct Octopus Go tariff! My current (pun intended) "deal" is ~17p/unit overnight and 27p/unit daytime. To fill our (94AH) i3 from empty takes about 40units and split between rates would give a cost of about £9 for the hundred miles it will do in the winter. Still a good price compared to dinosaur juice but a mere 6x your suggestion for less miles. If you're away from home and buy from the oil producers then their leccy prices can be approx 3x domestic prices - which is pretty much the same per mile as petrol in a normal car. I enjoyed the good times of cheap leccy (even free in some places) when we first got the car in 2018, but the economics have changed very quickly as we all knew they must. Mike - MPx 2017 5.0 V8 Supercharged SVAutobigraphy Dynamic SVO Palette Grey (2021-...) 2012 5.0 V8 Supercharged Autoboigraphy Orkney Grey (2017-2021) 2007 4.2 V8 Supercharged Vogue SE Tonga Green (2012-2017) 2002 4.4 V8 Vogue Bonnatti Grey (2008-2012) |
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2nd Mar 2022 11:24pm |
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JayGee Member Since: 27 Jul 2021 Location: London Posts: 3249 |
1.75L will not be far off and maybe more. I use mine for work and will have to start charging more and so will other businesses thus the cost of everything goes up. Question is have fuel prices gone too high or were they previously artificially low… 2012 TDV8 Vogue (L322) |
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3rd Mar 2022 7:45am |
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Merchy Member Since: 14 Feb 2021 Location: North Wales Posts: 1194 |
A quick look at diesel prices in 45 countries across Europe shows only three or four countries paying more than us. Two of them are Scandinavian, so that is understandable. Looks like profiteering to me.
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3rd Mar 2022 8:21am |
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JayGee Member Since: 27 Jul 2021 Location: London Posts: 3249 |
When have any fuel prices been based on anything but 'profiteering' and don't forget the tax content of fuel - oil companies just like every other business is trying to recoup losses made during the covid pandemic. I could trade my L322 in for a Nissan Note but....... 2012 TDV8 Vogue (L322) |
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3rd Mar 2022 8:31am |
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mpirie Member Since: 26 Jun 2012 Location: In the Highlands Posts: 899 |
And don't forget the fuel duty that the government imposes. ....if they really wanted to ease the pain, they could reduce the duty!
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3rd Mar 2022 9:08am |
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Rob99 Member Since: 03 May 2016 Location: Gatwick Posts: 1431 |
The motorist has always been seen as a cash cow by the government.
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3rd Mar 2022 9:24am |
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AJGalaxy2012 Member Since: 11 Jun 2018 Location: Gainsborough Posts: 1464 |
Octopus GO isnt defunct, currently on 5p off peak and going up to 7.5p off peak. It takes an average of 31.2 kWh from empty to full so as of next week it will cost me £2.34. I usually manage a minimum of 120 miles in the cold weather, upwards of 150 miles when it's warm. So even in the worst of conditions 1.5p per mile fuel cost. Looking at todays fuel costs and the predictions of where it's going I'm happy to forgo the burble of the V8 and the Cathedral like space of my FFRR. BMW i3 Electric Car 2012 Full Fat RR 4.4 TDV8 (now gone) 2006 VW Touareg 3.0 TDi V6 |
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3rd Mar 2022 10:53am |
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Martin2 Member Since: 15 Jun 2020 Location: Northamptonshire Posts: 769 |
Isn’t the 4p for 4 hours? if so, that 28-29kwh a day, which is only 70-90 miles. I had a look (different provider) because my wife now has access to a salary sacrifice scheme making an electric car a pretty cheap option, but and if you have one with a decent range that you use regularly, it was cheaper to stay on the variable tariff as the rate for the other 20 hours was pretty high.
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3rd Mar 2022 5:45pm |
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