UK Petrol Prices Hit Highest Ever Level

motorguy

BOWFER said:

motorguy said:

A real pain for those of us doing significant miles (and another added pressure for the haulage industry) but i guess the bulk of people are doing less miles these days than they previously would have been because of COVID.

Surprisingly, we're not seeing too much/anything from hauliers regarding fuel costs (I work in logistics).
The problem is getting anything moved at all.....
This is where increased costs come in, as the shipping lines aren't giving any 'grace' towards delayed deliveries.
Not their problem, they would say.
So people are being hit with storage and container rent because we can't get haulage for XX days.
These costs are new because we were able to get haulage within the free period before.

Agreed.  Though sustained high fuel prices will have an impact somewhere down the line in haulage.

Sea_Shell

PRAISETHESUN said:

I find headlines like this very misleading - even if petrol prices stayed in lockstep with inflation (ie. the "real" price never changed) every year would always be the "highest price ever recorded" (assuming no deflation). The 2012 peak, in real terms, was much worse than we are paying for fuel now. Additionally, comparing prices to the highly abnormal price crashes of 2020 is also very misleading - the 5/10 year average is trending upwards, but not by as a crazy amount as these headlines make it out to be. We don't need more journalists stirring up panic...

I do agree though that it is a right pain for those who drive a lot - the last thing we need is higher bills in times like these.

So what would the cost need to be NOW, allowing for inflation since 2012, to be comparable to then?

Just so we can all feel hard done by when we inevitably hit it!! 😲

PRAISETHESUN

Sea_Shell said:

PRAISETHESUN said:

I find headlines like this very misleading - even if petrol prices stayed in lockstep with inflation (ie. the "real" price never changed) every year would always be the "highest price ever recorded" (assuming no deflation). The 2012 peak, in real terms, was much worse than we are paying for fuel now. Additionally, comparing prices to the highly abnormal price crashes of 2020 is also very misleading - the 5/10 year average is trending upwards, but not by as a crazy amount as these headlines make it out to be. We don't need more journalists stirring up panic...

I do agree though that it is a right pain for those who drive a lot - the last thing we need is higher bills in times like these.

So what would the cost need to be NOW, allowing for inflation since 2012, to be comparable to then?

Just so we can all feel hard done by when we inevitably hit it!! 😲

https://www.thisismoney.co.uk/money/bills/article-1633409/Historic-inflation-calculator-value-money-changed-1900.html

Sea_Shell

PRAISETHESUN said:

Sea_Shell said:

PRAISETHESUN said:

I find headlines like this very misleading - even if petrol prices stayed in lockstep with inflation (ie. the "real" price never changed) every year would always be the "highest price ever recorded" (assuming no deflation). The 2012 peak, in real terms, was much worse than we are paying for fuel now. Additionally, comparing prices to the highly abnormal price crashes of 2020 is also very misleading - the 5/10 year average is trending upwards, but not by as a crazy amount as these headlines make it out to be. We don't need more journalists stirring up panic...

I do agree though that it is a right pain for those who drive a lot - the last thing we need is higher bills in times like these.

So what would the cost need to be NOW, allowing for inflation since 2012, to be comparable to then?

Just so we can all feel hard done by when we inevitably hit it!! 😲

https://www.thisismoney.co.uk/money/bills/article-1633409/Historic-inflation-calculator-value-money-changed-1900.html

Coming soon to a forecourt near you!! 😉


(Thanks for posting)

Jenni_D

It's probably already there at a motorway services 🙄

Advocado

Car companies are pumping billions into electric cars. Oil companies are investing in renewables. Elon Musk is one of the richest people in the world wanting to see Tesla become a huge company.

The rise in fuel prices is to persuade us to go electric. This is just the beginning.

Advocado

Car companies are pumping billions into electric cars. Oil companies are investing in renewables. Elon Musk is one of the richest people in the world wanting to see Tesla become a huge company.

The rise in fuel prices is to persuade us to go electric. This is just the beginning.

Sea_Shell

Advocado said:

Car companies are pumping billions into electric cars. Oil companies are investing in renewables. Elon Musk is one of the richest people in the world wanting to see Tesla become a huge company.

The rise in fuel prices is to persuade us to go electric. This is just the beginning.

All stick and no carrot, it would seem.

Merlin139

Maybe the rise in Fuel Cost will see mothers walking their children the 1.5 miles to school?

Advocado

Merlin139 said:

Maybe the rise in Fuel Cost will see mothers walking their children the 1.5 miles to school?

Good point. 

Climate change is a thing.  We need to change our ways.

Rising fuel costs will result in a people having to change their habits, change what car they buy, raise the cost of transportation and therefore raise the price we pay in the shops.  Ultimately, it’ll result in job losses and companies going out of business.

But if we’re serious about reducing our carbon footprint and slowing climate change, it’s what needs to happen.  

Rising fuel prices is a great thing for the environment.