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Title: Petrol Prices warning Post by: alanmayes on Monday, August 9, 2010, 14:05:12 Petrol Prices Set to Soar
4p-a-litre increase by August bank holiday 8% rise predicted by Jan 2011 Record-breaking 125.9 per litre expected Record High Forecast The Retail Motor Industry, which represents around two-thirds of the UK's petrol stations, said petrol prices could rocket to an all-time high of 125.9p-a-litre next year. The perfect storm for prices The planned increases in fuel duty in October and January, and the 2.5% VAT increase in January are to blame for the long-term increase in prices, while the rise in the cost of crude oil and fluctuating exchange rates could result in a 4p increase in fuel by September. Brian Madderson, RMI Chairman Petrol, said: 'A crude oil price increase will feed through the supply chain and could result in prices going up by as much as 4p-a-litre in the next three weeks. 'We also need to remember that the new Government did not cancel Labour's Budget commitment to raising fuel duty by 1p-a-litre from October 1 and a further 0.76p from January 1, with both having VAT added. 'Then we have the coalition's emergency Budget proposal to increase VAT to 20% from January 4, so the outlook remains extremely difficult for motorists and retailers alike. We could see new record pump prices within six months.' Title: Re: Petrol Prices warning Post by: BANGKOK RED on Monday, August 9, 2010, 14:13:38 Funny that. I'm writing an article on electric cars as we speak.
The Tesla roadster is the way to go, it goes like shit of a stick. Title: Re: Petrol Prices warning Post by: Batch on Monday, August 9, 2010, 14:14:37 Electric cars are poop if you want to travel long* distance though.
*over 100 miles. Title: Re: Petrol Prices warning Post by: BANGKOK RED on Monday, August 9, 2010, 14:24:14 * 245 miles for the uber fast (0-60 in 3.7 seconds) Tesla
Title: Re: Petrol Prices warning Post by: Peter Venkman on Monday, August 9, 2010, 14:24:49 * 245 miles for the uber fast (0-60 in 3.7 seconds) Tesla Now thats good! Title: Re: Petrol Prices warning Post by: BANGKOK RED on Monday, August 9, 2010, 14:26:05 Now thats good! At 100k USD, you would hope so. Title: Re: Petrol Prices warning Post by: pvsmark on Monday, August 9, 2010, 14:39:10 Handles like a sack of crap though
Title: Re: Petrol Prices warning Post by: Peter Venkman on Monday, August 9, 2010, 15:39:00 Handles like a sack of crap though Dunno, never seen one let alone driven one.Title: Re: Petrol Prices warning Post by: A Gent Orange on Monday, August 9, 2010, 16:06:28 I think the key bit missing from that press release is the bit about 'we expect petrol prices to rise significantly because there won't be any fucking oil by 2020 and those bastard plants and animals just aren't dying, decomposing and fossilising quickl enough to keep us in gasoline.'
Title: Re: Petrol Prices warning Post by: 4D on Monday, August 9, 2010, 17:37:00 Petrol Prices Set to Soar 4p-a-litre increase by August bank holiday 8% rise predicted by Jan 2011 Record-breaking 125.9 per litre expected Blimey, when I started driving it was about £1.25 a gallon (four star) Title: Re: Petrol Prices warning Post by: Talk Talk on Monday, August 9, 2010, 22:42:46 FFS what effect is this 'warning' supposed to have? Should I suddenly put a 5,000 gallon petrol storage tank in my garden and fill it up with cheap unleaded? Perhaps I should emigrate to Kuwait?
Fucking bollocks, we have no options whatever the price does. Title: Re: Petrol Prices warning Post by: donkey on Tuesday, August 10, 2010, 14:00:19 I think the key bit missing from that press release is the bit about 'we expect petrol prices to rise significantly because there won't be any fucking oil by 2020 and those bastard plants and animals just aren't dying, decomposing and fossilising quickl enough to keep us in gasoline.' To be honest why not keep the prices down and use it all up quickly. That should focus a few minds on whatever needs to be done for the future. |