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Petrol & Diesel reach new records

135

Comments

  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    In the mid 60s I worked part time in a petrol station and I can remember 2* was 4s 10d a gallon which is now equivalent to about £3.32 using RPI or £6.86 using wage inflation.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    ukcarper wrote: »
    In the mid 60s I worked part time in a petrol station and I can remember 2* was 4s 10d a gallon which is now equivalent to about £3.32 using RPI or £6.86 using wage inflation.

    Using RPI it costs about twice as much now, then.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ruggedtoast wrote: »
    Using RPI it costs about twice as much now, then.

    That's what it looks like or about same proportion of salary.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ukcarper wrote: »
    That's what it looks like or about same proportion of salary.

    How do you work this out?
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 26 March 2012 at 12:26PM
    Graham_Devon wrote: »
    How do you work this out?

    I just used measuring worth website so can't be sure it’s 100% accurate but it’s usually fairly accurate.

    Petrol about £6.50 a gallon, which is about the same as it would be if petrol had gone up in line with wage inflation.
  • abaxas
    abaxas Posts: 4,141 Forumite
    The problem is that modern cars are much more fuel efficient than cars of the past.

    Eg a modern lotus exige has better mpg than a 60's mini cooper.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    abaxas wrote: »
    The problem is that modern cars are much more fuel efficient than cars of the past.

    Eg a modern lotus exige has better mpg than a 60's mini cooper.

    Is that a problem I would have thought it was an advantage.
  • abaxas
    abaxas Posts: 4,141 Forumite
    ukcarper wrote: »
    Is that a problem I would have thought it was an advantage.

    The problem with comparing costs!

    If something is twice the price, but you get twice as much use. It costs to same to run.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ukcarper wrote: »
    I just used measuring worth website so can't be sure it’s 100% accurate but it’s usually fairly accurate.

    Petrol about £6.50 a gallon, which is about the same as it would be if petrol had gone up in line with wage inflation.

    Oh I see.

    I thought you were suggesting petrol was using up the same proportion of salary today....which I took issue with, considering in the 1960's not many had cars, and they certainly didn't drive as far for work purposes.

    It's all relative, we are much more reliant on the car these days, so your point in isolation is OK, but relative to today it means very very little.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 26 March 2012 at 1:47PM
    Graham_Devon wrote: »
    Oh I see.

    I thought you were suggesting petrol was using up the same proportion of salary today....which I took issue with, considering in the 1960's not many had cars, and they certainly didn't drive as far for work purposes.

    It's all relative, we are much more reliant on the car these days, so your point in isolation is OK, but relative to today it means very very little.

    To a certain extent I think that is true although I have driven fairly long distances to work since the 70s along with quite a few of my friends.
    Also as RPI has increased a lot less than wages your pound buys more in a lot of other cases.
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