Petrol prices are rising stealthily again here in the UK

hollydolly

hollydolly

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Location
London England
Here in the UK.. prices of fuel varies depending on where you buy it. The Esso garage a mile away could be very different prices from the BP garage a mile in the opposite direction.. Supermarkets forecourt fuel prices are generally cheaper than dedicated Petrol garages.. ( fuel stations, like BP..shell etc)

Our fuel prices like everyone else's shot up in price during the Covid era.. and unlike everywhere else we also had the double whammy of brexit causing prices to increase.. since then we saw a drop by as much as 15 p on the LITRE.. still not down to pre covid/Brexit prices, but more manageable at approx £1.36 per litre on Unleaded... and more for super unleaded..

However without any word in the media.. I've noticed that the prices are increasing again very quickly..

Our local supermarket which tends to be the cheapest in the area for fuel.. is now selling Unleaded at £1.46 per LITRE.. that's £6.57 per gallon ( 4,5 litres per uk gallon)... and the US equivalent of $8.34 approximately... and even more expensive at BP,,,shell or Esso garages...

I can still get Petrol for £1.35 at Costco.. but Costco isn't in my nearest town, so I have to drive quite a way to get it, and unless I'm doing shopping in that area already ..it doesn't make economic sense to drive that far...

Anyone else notice fuel sneaking up again in price ?
 

For the U.S., refinery issues have caused most of the recent jumps, but should start to settle back down shortly, as reflected by the dramatic drop in the crack spread, after a steady rise.
national average unleaded.jpg
This is a global commodity, so maybe it will reflect across the board.
 
hollydolly said:
Our local supermarket which tends to be the cheapest in the area for fuel.. is now selling Unleaded at £1.46 per LITRE.. that's £6.57 per gallon ( 4,5 litres per uk gallon)... and the US equivalent of $8.34 approximately... and even more expensive at BP,,,shell or Esso garages...
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The UK exchequer made £26 billion from fuel sales in 2021/22, that's almost $33,227,870,000. It's a captive market, and, there are two taxes on fuel. There's fuel duty and Value Added Tax.
 
Where I live in Canada, the price has got up 1 penny to $1.59.9/liter Canadian. Not a big deal. Everyone still driving those gas sucking SUVs and those even bigger gas sucking 4X4 trucks with the crew cabs. Someone told me that it costs $400.00 Canadian to fill up the tank on those pontoon boats.

Our highways to cottage country on weekends are full of trucks dragging boats and personal water crafts. Stores are as busy as ever with folks flashing credit cares left and right.

I am not surprised that the consumer debt here in Canada is the highest of all the G7 countries. One day, they are going to get a BIG surprise. You can count on it. The day of reckoning is fast approaching. The same as global warming. The day of reckoning is fast approaching there too.

I think the future is going to look rather interesting.
 

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hollydolly said:
Here in the UK.. prices of fuel varies depending on where you buy it. The Esso garage a mile away could be very different prices from the BP garage a mile in the opposite direction.. Supermarkets forecourt fuel prices are generally cheaper than dedicated Petrol garages.. ( fuel stations, like BP..shell etc)

Our fuel prices like everyone else's shot up in price during the Covid era.. and unlike everywhere else we also had the double whammy of brexit causing prices to increase.. since then we saw a drop by as much as 15 p on the LITRE.. still not down to pre covid/Brexit prices, but more manageable at approx £1.36 per litre on Unleaded... and more for super unleaded..

However without any word in the media.. I've noticed that the prices are increasing again very quickly..

Our local supermarket which tends to be the cheapest in the area for fuel.. is now selling Unleaded at £1.46 per LITRE.. that's £6.57 per gallon ( 4,5 litres per uk gallon)... and the US equivalent of $8.34 approximately... and even more expensive at BP,,,shell or Esso garages...

I can still get Petrol for £1.35 at Costco.. but Costco isn't in my nearest town, so I have to drive quite a way to get it, and unless I'm doing shopping in that area already ..it doesn't make economic sense to drive that far...

Anyone else notice fuel sneaking up again in price ?
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Gasoline prices customarily rise every summer here. But they rose out-of-season, you might say, after several domestic pipelines were shut down and we had to increase imports. Then that black sea pipeline explosion happened, so no possibility of a deal there.

Is most of your imported?
 
Murrmurr said:
Gasoline prices customarily rise every summer here. But they rose out-of-season, you might say, after several domestic pipelines were shut down and we had to increase imports. Then that black sea pipeline explosion happened, so no possibility of a deal there.

Is most of your imported?
Click to expand...
yes from Norway mostly.. and the continental shelf.. also Russia, and the USA
 
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