Exactly how bad are fuel prices gonna get?

motorguy

Grey_Critic said:

There is a very serious side to this. We are coming up to the dayn trip/weekend break/holiday season - At the rate things are going the day trips are the first that will suffer.

I doubt many people be willing to pay these inflated prices to sit in the bank holiday type jams and of course the knock on effect will be to his the various businesses who rely on this trade. Covid has already decimated many.

Agreed. 

I think its day trips / weekend breaks / evenings out / restaurant meals / drinks out that will take the brunt of this very quickly.  Thats where people can make savings relatively easily.  That has a knock on effect on businesses, etc.

motorguy

Tranboy said:

How long before people wake up to find their tank has been drilled or the fuel pipe ripped off and all their fuel has been stolen by some numpty.

I cant imagine drilling a tank would be a very sensible thing, with the risk of sparks, etc.  Though we could maybe see Darwinism at work there.

No guarantees theres enough petrol in any given car to make it worthwhile at all, but yes, no doubt there'll be people at it.  

motorguy

Bonniepurple said:

[Deleted User] said:

Hopefully the roads will get quieter as the price shoots up, there will be a tipping point where lack of demand caps or reduces the prices just as it did during lockdowns.

£2 per litre for 12k annual miles in a 45 mpg car is about £2.5k per year vs £1.8k for £1.50 a litre, so around £60 a month extra to put things into perspective.

Hopefully it will stop the people who clog the roads up with unnecessary journeys at peak time from venturing out so won't be a bad thing. 

Some of us would love to avoid driving on roads for short trips and/or peak times.  Some of us don’t have a choice due to disability, life pressures or poor public transport.

FWIW my late mother couldn’t drive and I vividly remember walking to piano lessons in the dark.  Along an alleyway, onto the pavement, going up steep steps to a parallel street when the pavement petered out, down the steps to get back to the road, walking in single file with a torch as there was no pavement and very limited lighting.  It took about 40 minutes each way.  It takes 5 minutes in a car.  

Sadly thats always the case, but if people start making essential journies only we'll maybe see fuel usage go down nationally and thus prices stabilising and perhaps even prices dropping at some point.

I'm really not seeing less cars on the road so if everyone is happy to keep paying these rising prices, then its hard to see why petrol companies wouldnt keep raising the prices.  Those billions in profits have to be maintained.

Sandtree

Jenni_D said:

Will this fuel (pun intended) the switch to EV (or PHEV)?

What's your bet on where electricity prices will end up?

Herzlos

motorguy said:

Grey_Critic said:

There is a very serious side to this. We are coming up to the dayn trip/weekend break/holiday season - At the rate things are going the day trips are the first that will suffer.

I doubt many people be willing to pay these inflated prices to sit in the bank holiday type jams and of course the knock on effect will be to his the various businesses who rely on this trade. Covid has already decimated many.

Agreed. 

I think its day trips / weekend breaks / evenings out / restaurant meals / drinks out that will take the brunt of this very quickly.  Thats where people can make savings relatively easily.  That has a knock on effect on businesses, etc.

I'm not sure. The folk going on day trips / weekend breaks / evenings out are the ones who still have disposable income, and can presumably still afford luxury trips. They'll moan about fuel costs but unless they are going on huge day trips the increase in fuel cost is going to be less than the cost of a coffee. So maybe they'll skip an extra drink, or stopping into Starbucks at the services.

It'll probably cause people who are already struggling with bills to just go out less, making the most vulnerable even more lonely.

I do remember last time the prices went mad about 15 years ago, people did at least drive notably slower for a while. I don't think it lasted as people got used to it and driving was still so much cheaper and more convenient than the alternatives.

Sea_Shell

motorguy said:

Grey_Critic said:

There is a very serious side to this. We are coming up to the dayn trip/weekend break/holiday season - At the rate things are going the day trips are the first that will suffer.

I doubt many people be willing to pay these inflated prices to sit in the bank holiday type jams and of course the knock on effect will be to his the various businesses who rely on this trade. Covid has already decimated many.

Agreed. 

I think its day trips / weekend breaks / evenings out / restaurant meals / drinks out that will take the brunt of this very quickly.  Thats where people can make savings relatively easily.  That has a knock on effect on businesses, etc.

Self imposed Lockdown?     Just for a different reason. 

lincroft1710

Sandtree said:

lincroft1710 said:

I can remember many years ago, people expressing disbelief that petrol prices would rise to a £1 a GALLON. It did and although many had said "I'm not paying that much", they continued to buy it in the same quantities and surprise, surprise still bought it when the price rose again.

What did they propose their alternative was going to be?

I think there was talk about using cars less i.e. walk, cycle, public transport. But from memory that's all it was -talk! 

Thrugelmir

Jenni_D said:

Will this fuel (pun intended) the switch to EV (or PHEV)?

Looks like the market for expensive EV's is beginning to slow down. Only so many people can afford them. Where's Tesla's version of the Ford Model T ?  

photome

seen diesel at £1.78 today and petrol  £1.68

sheslookinhot

photome said:

seen diesel at £1.78 today and petrol  £1.68

Diesel from a BP station west of Glasgow was £189.9p/l today.

Robbing barstewards