£115.9 morrison,n norwich for diesel ,still seem.s frigging expensive to me !!!!!!

the oil cartels have announced a meeting in november to discuss cutting production to curb the price dropping, guess what? the price today dropped even more when this was announced, roll on $30 a barrell

Well many financials are selling oil stocks to generate quick cash to keep afloat.

Even gold's being dumped to rake in the cash. Everyone selling means mega cheap oil, which will then kick start everything again.

Our bulk fuel prices are down at the same price we were paying in February this year. Can anyone remember what you paid in February for fuel?

Our bulk fuel prices are down at the same price we were paying in February this year. Can anyone remember what you paid in February for fuel?

Off/on the record, do you lot sell to the public? if so do you pass the savings on or are you told from above to keep them high for as long as possible?

Off/on the record, do you lot sell to the public? if so do you pass the savings on or are you told from above to keep them high for as long as possible?

Unfortunately not. We buy in bulk for our fleet of LGV's and vans. If I could sell it on I would... (I can't even get cheap fuel myself!)

It makes me wonder though about the possibilities of setting up and operating a fuel card system. By charging members a deposit to get a card (to make sure they don't just fuel up and leg it!) and then an admin fee on top of each transaction I think there is the potential to offer a decent saving on current fuel prices. I've seen similar farming co operatives where they bulk buy and bunker to reduce fuel costs...

hmmm:rubchin:

Our bulk fuel prices are down at the same price we were paying in February this year. Can anyone remember what you paid in February for fuel?

According to this site (Recent Petrol Prices - Latest UK Forecourt Petrol Price Submissions) the price for unleaded would have been about £1.05 / litre.

As oil prices are down to about $80 a barrel and the pound is around $1.70, by my reckoning petrol ought to be about 75p per litre.

That's based on oil having dropped from the equivalent of £73.50 / barrel (when it was $147 / barrel and $2.00 to the £) to about £48.23 / barrel now ($80 / barrel and $1.70 to the £). That's a reduction of 34%.

I know there is a delay of about 6 weeks from oil price changes to prices changing at the pumps, but I wonder if Darling will slip in a tax hike in his autumn budget statement and hope no one notices!

It's gone down to 77 dollars now!

End of January to late February this year I was paying 101.9p per litre that went up to 103.9 in March for 95RON U/L

Currently paying 106.9p

However a simple comparison won't account for currency fluctuations and the lag/delay in prices going up/down.

It's gone down to 77 dollars now!

I do love how the fuel companies partake in blatant profiteering when wholesale price drops dont affect the pump prices, yet when it goes up prices have to go up to 'protect their profit margins etc'

I do love how the fuel companies partake in blatant profiteering when wholesale price drops dont affect the pump prices, yet when it goes up prices have to go up to 'protect their profit margins etc'

I can think of a five letter word that the presents of Top Gear would use to describe these fuel companies, it starts with C, ends in S, and has an o, c and a k in the middle.

It makes me wonder though about the possibilities of setting up and operating a fuel card system. By charging members a deposit to get a card (to make sure they don't just fuel up and leg it!) and then an admin fee on top of each transaction I think there is the potential to offer a decent saving on current fuel prices. I've seen similar farming co operatives where they bulk buy and bunker to reduce fuel costs...

hmmm:rubchin:

This lot tried/are trying Welcome to Pipeline Card!

Been on the go for quite a while and sod all has happened. I don't know if they have just given up or the fuel companies just told him to bugger off.

This lot tried/are trying Welcome to Pipeline Card!

Been on the go for quite a while and sod all has happened. I don't know if they have just given up or the fuel companies just told him to bugger off.

Yeah I'm signed up with them however as you say, bugger all has happened. I'm thinking that rather than trying to get a discount at a particular retailer for 1,000,000 people, use a bunkering system (like Keyfuels or diesel direct) for a smaller more manageable numbers. That gives the buying power so you could get reasonable discounts from suppliers...

Our bulk fuel prices are down at the same price we were paying in February this year. Can anyone remember what you paid in February for fuel?

According to my spreadsheet:

 
02/02/2008   44.89   9.89   492.70   49.83   1.069   47.99   Shell   89996   No
05/02/2008   23.46   5.17   254.70   49.29   1.069   25.08   Shell   90251   Yes      
08/02/2008   36.09   7.95   368.40   46.34   1.089   39.30   Shell   90637   Yes       
15/02/2008   52.00   11.45   577.00   50.38   1.079   56.11   Shell   91214   Yes   

That is derv btw

Remember though that back in January, the barrel price was being suppressed (in £) due to the 2:1 exchange rate. Now that the exchange rate is a more realistic 1.7:1, the actual drop in barrel prices won't be as great as most people expect. There's a reason most of the population aren't market traders or economists - they conveniently forget a hell of a lot of contributing factors. With the price dropping to $77 a barrel there may be some solid drops in fuel prices but only if it's a sustained hold. If it's only there for a few days then it's unlikely to have a great deal of impact.

From the BBC news website today, Gordon Brown is demanding that the drop in oil prices gets passed on to the consumer. So with a barrel of oil now 1/2 what it was at its peak, we can all expect a massive drop of 1p per litre!

Mr. Cynical

From the BBC news website today, Gordon Brown is demanding that the drop in oil prices gets passed on to the consumer. So with a barrel of oil now 1/2 what it was at its peak, we can all expect a massive drop of 1p per litre!

Mr. Cynical

He wants a drop in the price so that he can increase the tax to pay for the massive increase in public sector borrowing

You're right to be cynical!!

Our bulk fuel prices are down at the same price we were paying in February this year. Can anyone remember what you paid in February for fuel?

Sep-07 95

Oct-07 97

Nov-07 105

Dec-07 107

Jan-08 108

Feb-08 108

Mar-08 110

Apr-08 112

May-08 122

Jun-08 130

Jul-08 134

Aug-08 124

Sep-08 121

Here you go

Just did an amusing search

Unleaded at 76.9p a few years ago on Briskoda

Just found my expense claims from July 2003....70.9 / litre back then!!! that was when I bought my first octy vrs!

tesco's dropped theirs this afternoon by 3p, just waiting to see who else will follow suit. price of oil now in the $70's and yes the dollar at around 1.70. i still reckon counting the pound to dollar etc that we will see sub £1 per litre prices soon, certainly before the year is out. i can remember in may 07 paying 97.9p ish (maybe less) for vpower unleaded. i still reckon that will return soon.

Diesel was 116.9p at a Shell station just south of Telford yesterday, still about 12p too much compared to the current price of oil. The oil companies must have been raking it in over the last month by not passing on the lower price. The other good news is that gas prices are linked to the price of oil, so we will soon see a reversal of those recent very high gas price increases..and pigs might fly:rolleyes:. It will be interesting to see the next set of profits posted by the oil & gas companies.

the next set of profits will no doubt be record breaking again, always is. perhaps the governement should hit them with that tax thing they hit companies with just after they came to power and they announced record profits (anyone remember what the companies were?).

Windfall tax for the petrol companies now and if the prices don't drop everyone just stops going into work for a week to make the point and instead goes and blockades the fuel stations.

Let 999 vehicles through and that's it.

the next set of profits will no doubt be record breaking again, always is. perhaps the governement should hit them with that tax thing they hit companies with just after they came to power and they announced record profits (anyone remember what the companies were?).

So the british banking industry has been half-nationalised and all dividends are stopped for the foreseeable future and now you want to strip oil companies of their profits? How will private pensions be paid for?

FWIW, I've seen similar internet chat that think fuel prices are within a penny or so where they should be. Whilst I'd like cheaper petrol, I don't know who's right.