Petrol to rise to £2.30 a Litre ?!!

Phil.Thomson

Again it is just a prediction, and it is a prediction from an energy provider. So would an energy provider like to get more for their product - definitely yes, therefore why shouldn't they make predictions that will stoke up the fire, so to speak. Ask yourself why he made this prediction? was he asked or did he give this prediction randomly? if he was asked what answer would best benefit his company without making him look foolish?

It may reach £2.30 a litre in 2009 and again it may not.

Just my tuppence worth.

Dan:_4

Maybe I will stock up - as an investment.

Kez100

Dan: wrote: »

Maybe I will stock up - as an investment.

I have a suspicion that is what is happening and causing the price to rise as it has done. Just by big speculators who play with paper oil not you or I who would have to find somewhere to safely put it!

davetrousers

Blimey, for the first time in Britain's History people will have to cut back a bit and tighten their belts. How will everyone cope?

WTF?_2

m1ntie wrote: »

I know many people who drive 50 miles (or more) each way to get to work
also many of the roads in the south east are very heavily congested and people spend hours in traffic jams which has a very significant effect on MPG.

If this prediction is true, I think the consequences could be catosrophic. Not only transport and distribution of goods would be affected. If oil prices increase - gas and electricity inrease by a similar amount also oil is an ingreedient of many manufactured goods etc.

Then there is the political instability in places such as the Middle East etc.

I truely hope that this prediction is just scaremongering.

Rising oil prices will have a catastrophic effect on the way we live long before 230 bucks a barrel.

However, if central banks continue to hand out massive 'liquidity' loans to banks as if they were giving away sweeties then expect the bubbles in energy and soft commodities to continue until some external shock (in the case of oil, most likely global recession) causes them to pop. At which points the banks will be back cap in hand looking for more easy money from the central banks to cover their losses and inflate a new bubble in something else with which to profit from.


This is how the big boys of Wall Street and the City are being rescued from their mal-investments in property loans.

Lotus-eater

davetrousers wrote: »

Blimey, for the first time in Britain's History people will have to cut back a bit and tighten their belts. How will everyone cope?

Point taken and noted, however its been a long time and never for many.

Austin_Allegro

PasturesNew wrote: »

At least this might stop chavs racing their cars about, if every burn up costs them £5.

Or more likely just steal petrol or cars instead of driving their own...

IMO these fuel prices are due to speculation, from money going out of property into the next bubble. I think the bubble will pop sometime.

Even if we are entering a period of permanently high oil prices, we'd still get by. The trouble is people have grown to think of it as their right to have two big heavy gas guzzling cars (a big silver spaceship for hubby and a funky, sporty model for the wife) when they could just as easily get by with a scooter rickshaw.

Ron2256

Phil.Thomson wrote: »

Again it is just a prediction, and it is a prediction from an energy provider. So would an energy provider like to get more for their product - definitely yes, therefore why shouldn't they make predictions that will stoke up the fire, so to speak. Ask yourself why he made this prediction? was he asked or did he give this prediction randomly? if he was asked what answer would best benefit his company without making him look foolish?

It may reach £2.30 a litre in 2009 and again it may not.

Just my tuppence worth.

This remind me of the average house price prediction last year.:rotfl:

http://www.housing.org.uk/default.aspx?tabid=232&mid=1150&ctl=Details&ArticleID=608

This is just a bubble which will pop like they all do.
Too much speculation and a cartel who restrict the supply. (sounds like the property market)
We will look back at the crazy price in a couple of years time and laugh at the stupid predictions.

lisal0u

Hi,

I worked out my cost of travel too and its pretty frightening. I drive a Toyota Yaris diesel and average 65mpg but even with a very economical car its still a lot of money compared to when I started my job.

It currently costs me £4.91/day to travel to work (round trip of 52 miles) at
£1.29.3p/litre

In 2001 (when I started my job) it cost me £2.97/day at 77.6p/litre.

Thats an extra £1.94/day or £426.8/year (220 working days per year).

If prices increase here are the following costs:

£1.50/litre = £5.71/day or £1256.2/yr (an increase of £176/year
£15/month)

Disposable income of £140 now becomes £125

£1.80/litre = £6.86/day or £1509.20/yr (an increase of £429/year or
£35.75/month)

Disposable income of £140 now becomes £104.25

£2.00/litre = Disposable income of £90.30p
£3.00/litre = Disposable income of £20.47p

There will definately be a point in the not to distant future that people can no longer afford to drive to work. I have looked at other options but they are not viable. The train takes 2 hours and costs £19/day and the bus takes an hour and 3/4 £7/day.

I have joined the liftshare scheme but I'm a little bit wary of this as how do you know what sort of person you are sharing with. I'm currently trying to organise working from home a few days a week as this would help a lot!

Anyone got any other ideas on reducing fuel costs?

Thanks
Lisa

Austin_Allegro

Drive one of these?

http://www.piaggioape.co.uk/range/

Not suitable for most people in the UK though as they're not 4x4 (obviously) and don't have expensive advertising campaigns involving driving along long, empty mountain roads in stormy weather...