Petrol Prices

For all the none biking stuff. Say hello, chew the fat or flame the forum.
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Petrol Prices

Post by Kwacky »

I saw a petrol station in South Brum last night selling unleaded for £1.099

Cheapest I've seen for years.
User avatar
Perkles
Posts: 5889
Joined: 11 Mar 2014, 21:51
Your Bike:
Location: birminghamshire
Has thanked: 2152 times
Been thanked: 1465 times

Re: Petrol Prices

Post by Perkles »

lets hope it lasts for next summer for us fair weather bikers :)
User avatar
Rossgo
Posts: 10407
Joined: 14 Mar 2014, 02:01
Your Bike:
Location: Berkshire
Has thanked: 5280 times
Been thanked: 1326 times

Re: Petrol Prices

Post by Rossgo »

Really that's great hopefully that means it will spread around the whole country soon
User avatar
D6
Posts: 2781
Joined: 14 Mar 2014, 18:26
Your Bike: Speed Triple 1050SE a bit DEAD + S3 RS
Location: Staffordshire
Has thanked: 212 times
Been thanked: 653 times

Re: Petrol Prices

Post by D6 »

ive not seen it that low yet. I've seen £1.13
User avatar
C00kiemonster
Posts: 8425
Joined: 22 Oct 2013, 07:11
Your Bike: Triumph Street Triple 765 R
Location: Not Froggie Land
Has thanked: 4296 times
Been thanked: 1737 times

Re: Petrol Prices

Post by C00kiemonster »

The equivalent of 86p a litre over here at the moment, shame the weather isn't good enough or I'd ride round all day every day at that price!

It's a shame petrol goes off after a while or I might stockpile it!

Shame it's opec flexing its muscles and it will go up again when they decide such :(
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Petrol Prices

Post by Kwacky »

OPEC have to be careful. The US is producing a lot of oil and Russia is struggling so can't buy as much. The middle east oil producers will have to rely on China
User avatar
D6
Posts: 2781
Joined: 14 Mar 2014, 18:26
Your Bike: Speed Triple 1050SE a bit DEAD + S3 RS
Location: Staffordshire
Has thanked: 212 times
Been thanked: 653 times

Re: Petrol Prices

Post by D6 »

I thought China weren't buying as much either.
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Petrol Prices

Post by Kwacky »

They have reduced their consumption but it's still staggeringly high.
User avatar
D41
Posts: 12923
Joined: 22 Sep 2014, 11:36
Your Bike: Triumph Daytona 650.
Has thanked: 4283 times
Been thanked: 1129 times

Re: Petrol Prices

Post by D41 »

I think Kwacky is right.....OPEC was never the unified front it purported to be...but stick a few $$$ signs in their eyes and everyone is friends.
Gas prices are low as hell here too right now....the lowest I've seen in maybe 10 years....which figures, as I don't really drive anymore....$20 will last me a month, no matter the cost..

Word is....they're going to keep on dropping for a while
User avatar
Frankie
Posts: 3917
Joined: 11 Mar 2014, 21:37
Your Bike: Fast Ones, and dirty ones
Has thanked: 723 times
Been thanked: 1473 times

Re: Petrol Prices

Post by Frankie »

Seems to be the same here, listening to the news yesterday. But even so the tax the gov stick on top we will still pay through the nose for our fuel. I will never forget the day when it all changed from gallons to litres at the pumps, but the price did not alter a great deal.... Fecking crooks!
Had to be the biggest sneaky, stealthy fiddle ever!
User avatar
Blade
Posts: 18772
Joined: 14 Mar 2014, 18:43
Your Bike: Kawasaki ZX10R
Location: North West
Has thanked: 3134 times
Been thanked: 3767 times

Re: Petrol Prices

Post by Blade »

OPEC are happy for it to fall to $40 a barrel and at a recent meeting they have decided to maintain current production levels, their trying to kill the competition in a price war basically. Alot of recent projects have budgeted on $85-95 so quite a few projects being cancellled which might subsequently have knock on effects in years to come. Brent crude is currently trading around the $60 mark but was above $100 only back in June. The problem is over supply by OPEC not cutting back and the US shale industry now a major new player improving supply when demand is reducing. These two points combined with China not consuming the same volume of recent years and the US importing less again due to the US shale market being able to meet more of the demand are all factors in driving the price low. I think the US are now 90% sufficient where as a few years back it was more like 70% so perhaps that's why they aren't so keen on waging war in oil rich middle East country's at the moment anyway.
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Petrol Prices

Post by duke63 »

There is also the issue of trying to stop the world going back into recession.

Another recession now could be calamitous.
User avatar
Monty
Posts: 6671
Joined: 12 Mar 2014, 07:59
Your Bike: 2010 ZX6R
Location: Buxton
Has thanked: 2092 times
Been thanked: 2412 times

Re: Petrol Prices

Post by Monty »

I wondering if this isn't about stuffing Putin up. It's certainly having a big affect on the Russian economy
Monty™© MCMLXXII
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Petrol Prices

Post by Kwacky »

Russia is pretty much on its knees. They've got a recession coming.
User avatar
Blade
Posts: 18772
Joined: 14 Mar 2014, 18:43
Your Bike: Kawasaki ZX10R
Location: North West
Has thanked: 3134 times
Been thanked: 3767 times

Re: Petrol Prices

Post by Blade »

And scarily wars are a good way to galvanise a nations people behind a leader and take there mind of their own current national troubles. Let's hope I be got that wrong and they don't try more land grabs using military force.

A desperate leader with nuclear weapons, a huge army, navy and air force can throw a lot of weight around.
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Petrol Prices

Post by Kwacky »

That's one of the reasons they grabbed Crimea, so they don't have to pay Ukraine the massive rents
User avatar
D41
Posts: 12923
Joined: 22 Sep 2014, 11:36
Your Bike: Triumph Daytona 650.
Has thanked: 4283 times
Been thanked: 1129 times

Re: Petrol Prices

Post by D41 »

Blade wrote:OPEC are happy for it to fall to $40 a barrel and at a recent meeting they have decided to maintain current production levels, their trying to kill the competition in a price war basically. Alot of recent projects have budgeted on $85-95 so quite a few projects being cancellled which might subsequently have knock on effects in years to come. Brent crude is currently trading around the $60 mark but was above $100 only back in June. The problem is over supply by OPEC not cutting back and the US shale industry now a major new player improving supply when demand is reducing. These two points combined with China not consuming the same volume of recent years and the US importing less again due to the US shale market being able to meet more of the demand are all factors in driving the price low. I think the US are now 90% sufficient where as a few years back it was more like 70% so perhaps that's why they aren't so keen on waging war in oil rich middle East country's at the moment anyway.
Good post.

Most US oil imports now come from Canada or Mexico.....the Saudi imports have dropped to about 8%...8% of 10% is not very much......the scapegoat for Europe in regards to the US has always been "Oh, they're after the oil!!" NO.....we just don't tax the feck out of anyone who wants to buy it.
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Petrol Prices

Post by Kwacky »

I paid £1.139 this morning. Most I've paid this year is £1.479

Rumours are it could drop below £1 a litre.
User avatar
Bratty
Posts: 1399
Joined: 12 Mar 2014, 10:03
Your Bike: Honda CB1000r
Location: Great Barr Birmingham
Has thanked: 418 times
Been thanked: 151 times

Re: Petrol Prices

Post by Bratty »

I think I paid the same at Asda this morning
I get knocked down but i get up again.
User avatar
Rob
Posts: 324
Joined: 14 Mar 2014, 15:51
Your Bike: Daytona 650, Kawasaki ZX10r
Has thanked: 20 times
Been thanked: 57 times

Re: Petrol Prices

Post by Rob »

I filled the car up with Super Unleaded today at £1.159 a litre....bargain!
Post Reply