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BBC: Price of petrol creeps up in 2009
WTF?_2
Posts: 4,592 Forumite
http://news.bbc.co.uk/1/hi/business/7888458.stm
So much for a new deflationary era of constantly falling prices on the essentials.
The price of petrol at the pump has been steadily rising since the start of January, figures have shown.
The average price of a litre of petrol is now 90.48p and diesel 100.74p, analysts Experian Catalist said.
This compares to a recent low on 6 January of 85.89p for petrol and 98.06p for diesel.
So much for a new deflationary era of constantly falling prices on the essentials.
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Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
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Scraping the bottom of the barrel for that one (was that a pun?:D)'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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It's 3p/litre more here than it was at the start of the year.
90.9p instead of 87.9p
But I've not filled up since last year and I did a major journey and still have about 1/3rd left.
But I will need petrol for job interviews, ranging from £5 to £30 a time.0 -
PasturesNew wrote: »It's 3p/litre more here than it was at the start of the year.
90.9p instead of 87.9p
But I've not filled up since last year and I did a major journey and still have about 1/3rd left.
But I will need petrol for job interviews, ranging from £5 to £30 a time.
Yeah, everyone was going on about how 'cheap' petrol had become recently but it was only looking like VFM compared to the crazy prices of the short lived bubble in 2008. (>130p / litre)
Over 90p for Petrol and a quid per litre for Diesel is most certainly not 'cheap' by any stretch of the imagination. With oil unlikely to get much cheaper the only way for forecourt prices over time is up ... barring the pound strengthening of course.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
I'm dreading oil going up again. The 1.30 for a litre will seem cheap then.
It's worth noting duty was added on to each litre, which will account for 2p.
There was some guy on the radio explaining the prices the other day on the radio. Funnily enough he never once mentioend the pound vs dollar rate, and instead, blamed the americans for their lower prices and their extra consumption as prices have now dropped over there.
Quite bizzarely, he was a labour politician
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I wonder if it is, ironically, because the price of oil is so low that the oil companies are charging more to maintain their dividends without borrowing?“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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Graham_Devon wrote: »
It's worth noting duty was added on to each litre, which will account for 2p.
That was the postponed increase from April, to compensate for the 2.5% VAT reduction from Dec. '09.0 -
I had noticed it creeping up again, funny how all the garages make a statement about how cheao they are but do they tell you when it's going up no...0
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... and businesses who can claim back the VAT on fuel cannot claim back the duty added to offset the drop in VAT. Stealth tax? Who said that?0
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THe rise is also gonna be down to the crapness of sterling at the moment. Oil prices are always in dollars but i did see a comparison chart a few years back with the price in dollars on one chart and the sterling equivalent on another chart. It was somewhat different i recallDebt free Nerd number 1122 LBM Jan 2009 Debt @ LBM £40,086.88 (14/01/09)
Natwest Loan [strike]£26,102.48[/strike] £24,183.18 Natwest CC [strike]£2790.75[/strike] £2787.16 Amazon CC [strike]£7165.33[/strike] £7026.41 Egg Money CC [strike]£2798.39[/strike] £2685.71 Barclaycard CC [strike]£1229.93[/strike] £1255.25
Current Debt £37,937.71 May 090
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