Fuel! At what price will you have to sell the car?

[LordB]

ITs even slightly more complex than that......

As prices rise the oil that is in plentiful supply but as of today too expensive to extract, will eventually become cost viable, this will open up huge oil reserves that have otherwise been thought untouchable.  The irony is then that there will be more oil than the markets can use (noteably becuase we are moving towards aternative fuels) that the oil price might fall through the floor.....

Not all is as bleak as some may paint it.....

[jak]

I went to fill the tintop with diesel at a total station and due to not paying attention I started putting in the excellium stuff.

£1.30 a ltr.          

Got £15 in before I realised, mind you the standard diesel was £1.18 a ltr!!!

John

[Tubs]

ITs even slightly more complex than that......

As prices rise the oil that is in plentiful supply but as of today too expensive to extract, will eventually become cost viable, this will open up huge oil reserves that have otherwise been thought untouchable.  The irony is then that there will be more oil than the markets can use (noteably becuase we are moving towards aternative fuels) that the oil price might fall through the floor.....

Not all is as bleak as some may paint it.....

There are vast reserves of this type of oil, shale deposit's etc.  but the issue is not cost of extract but the speed at which it can be done. Oil cannot be extracted from the shale and similar reserves at a speed high enough to have a significant impact on price.

Tubs.

[Charlie-speedsport]

£1.50 / litre would certainly make driving for the fun of it VERY difficult to justify.

The Government should realise they are potentially killing yet another small industry as I'm sure kit car sales will become affected.

   

[neilb]

Can some explain why it is the governments fault for the rise in prices? I have notice that bread cost much more now than it used too I know there is no vat on the item but I am sure that it's the government's fault for the increase in global demand especially in Chain, India and other developing countries maybe when that bicycle riding fool gets into power everything will be back to normal with interest rates and inflation back in to double figures, house prices in free fall, over 3million unemployed and the UK struggling to stay in the G8

[steve_m]

Can some explain why it is the governments fault for the rise in prices? I have notice that bread cost much more now than it used too I know there is no vat on the item but I am sure that it's the government's fault for the increase in global demand especially in Chain, India and other developing countries maybe when that bicycle riding fool gets into power everything will be back to normal with interest rates and inflation back in to double figures, house prices in free fall, over 3million unemployed and the UK struggling to stay in the G8

It's always the governments fault, dontcha know anyfink ?    

By the way, if you hadn't noticed, the terrible woes you list are already happening under this current government . . . house prices, inflation, interest rates . . . unemployment is a consequence of those so that will start to rise soon.  It's all on the New Labia roller coaster coming to a town near you !    

[Charlie-speedsport]

.............and it's the Govnt. that keeps banging more and more tax on fuel.

[neilb]

.............and it's the Govnt. that keeps banging more and more tax on fuel.

Last increase from the government was 2p in October 07 so why has the prices gone up since then? Also as a % of total price the amount has dropped to 67% in 07 and is now less than 60% from 77% in 1996