Petrol prices are rising stealthily again here in the UK

Current AAA national price is $3.515, which is up 11.9¢ from last week, and 7.2¢ from year ago. The average should near $3.70 in the coming weeks... based on current conditions.
national average unleaded.jpg
USA consumption has edged above year ago levels, with gasoline inventories slightly below. Refinery output is slightly below year ago levels, as well.
 

Gas prices traditionally go up the closer we get to summer. They usually peak in August. Supposedly, it's because of the increased demand caused by the increase in driving?? I've often wondered if gas prices went down in the Southern Hemisphere, due to being winter down there.
 
I was a gas station attendant when I was 16 and 17, so...1971 - 72, full time in summer and part time during school.

In the summer of '71, we had a classic "Gas War", when gas stations gradually lowered their prices a penny or two less than the next nearest station.

After the station nearest ours changed their sign from .14/gal to .12/gal, we posted ours at .11/gal.

Eleven cents for a gallon of gas (regular octane) in a small Central California town in the summer of '71.

We didn't get any busier than we did all the previous summers, and the average local still said "Gimme $2 worth o' regular." Sure, they got a fuller tank for their 2 bucks, but only 2 or 3 people per day rolled down their window and said "Fill 'er up!"

It was funny watching the station owner watch the other station's sign, biting his nails until they finally posted their normal price of 24 cents for a gallon of regular.

Just a month later the price went up to .27, and by Christmas that year, regular gas was going for .34/gal.
When I worked my last day in 1972, people were yelling at me: "42 cents! ....for regular??"

It was highway robbery!
 
I wonder how the relaxing of mandates to encourage remote combustion (EV) adoption by phasing out primary combustion vehicles through emissions limits might impact vehicle primary fuel prices in the near and long term?

I see there is a change in the US now delaying/relaxing the "goals." Pretty sure several other countries already did so.
 
"Historically, retail gasoline prices tend to gradually rise in the spring and peak in late summer when people drive more frequently. Gasoline prices are generally lower in winter months. Gasoline specifications and formulations also change seasonally. Environmental regulations require that gasoline sold in the summer be less prone to evaporate during warm weather. This requirement means that refiners must replace cheaper but more evaporative gasoline components with less evaporative but more expensive components. In 2000 through 2022, the average monthly price of U.S. retail regular-grade gasoline in August was about 39 cents per gallon higher than the average price in January."

US Energy
 
dilettante said:
I wonder how the relaxing of mandates to encourage remote combustion (EV) adoption by phasing out primary combustion vehicles through emissions limits might impact vehicle primary fuel prices in the near and long term?

I see there is a change in the US now delaying/relaxing the "goals." Pretty sure several other countries already did so.
Click to expand...
Interestingly, that is a very big question. Oil rigs have what is called a decline rate, where the output falls rather quickly over a rather short period of time, necessitating more drilling, etc. All that adds up to requiring more investment. As such, the industry is becoming increasingly hesitant to invest that money... opting to take the money and run, so to speak.

As in a lot of things in the USA, there is a haphazard approach, due to political considerations, etc. A roller coaster ride, might be the appropriate comparison, imho.
 
By coincidence i had to fill up with fuel today. Unleaded petrol was at £1.44 per litre locally, previously the price had hovered around the £1.35ish mark for some considerable time so a pretty steep price hike.

Being retired and only using the motor for short journeys i tend to notice price changes now. A far cry from when i was working and joined the other Lemmings battling through the M4 to Heathrow...Happy Days!
 
We will just blame it's oil on Bubba Brandon. He is shutting down Petro refineries as fast as his old ass can move.
Those oil companies are just not buying him off. Haha
 
Jules said:
I’m in Canada. Yes, it’s a busy tourist area. Prices are even higher in Vancouver, because they have a special levy.
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Sure at $8 a 4 liter gallon you just walk and take care of your health, thus cutting public health care costs. a win-win for all. Yea !
The States can't wait, its near $5 in Cal. again. ... (y)
 
I just got off the plane here in Baltimore and before I left I had to fill my rental car. I stopped at Circle K and paid $3.53 per gallon. Gas, as usual is over-priced, but as long as I can get it without waiting in lines, I guess I can endure the pain. for awhile.
 

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