Gulp-fuel

[hazzygawa]

I just paid nearly £7 for 5 litres of fuel. What the bloody hell is going to happen next? At a BP service station.

[geoff]

This could get a lot worse,if these instabilities in the oil countries spreads the oil prices to us will go through the roof with all manner of implications for the consumer of not just fuel,interesting times!

[robbo 110]

next will be £7.50!!.......................... it's bad, but getting worse mate

[geoff]

Time will tell,the oil from libya accounts for 2.5% of all,(good quality though it is),if this goes into places with higher yields we will see some interesting things,and very high(er) prices.

[Hairyloon]

Best start growing it I reckon.

[hazzygawa]

£7.50 what next....lol

[Gareth Dalzell]

Something from BBC Northern Ireland earlier

 

Rocket fuel...

Wendy Austin | 13:41 UK time, Friday, 25 February 2011

 

Is there anyone out there who hasn't noticed the speed at which oil prices are rising.?

 

The crisis in the Middle East has sent the cost of oil sky high. No sooner have you put petrol into the car, than the red warning light seems to start flashing again. And retailers have warned us that petrol and diesel prices are set to rise even more....soon it could cost over a hundred pounds to fill up your average family car. Motoring only for the rich - again?

But why are they so very high? The turmoil in the Middle East isn't helping matters, obviously. But there's more too it than that.....if only someone could explain it properly...

 

Cue David Horgan - he's managing director of Petrol Resources,and came onto the programme to tell us more - it's all to do with Stock Market speculation, apparently, and buyers working themselves into a frenzy over reports from Libya - even though only about 2% of the world's oil comes from there.

 

The bad news - that speculation is likely to continue while TV screens round the world show the continuing violence there ;the good news is that this latest boom might soon reach tipping point, and prices could plummet again. Back to the bad news - since the government is looking at ways to raise money, it might try and increase fuel taxes.

 

Swings and roundabouts - and no immediate light at the end of the tunnel . Maybe listener Bob was right when he texted that it could be cheaper to go to the space shuttle than to fill up at the end of the road! Have a good weekend - stay put?

[Matthew Arnold]

We have a petrol station near our yard which is charging £1.50 a litre for deisel and £1.48 for petrol lol.

[TRADITIONAL LOGGERS]

Well I am in the process of doing a woodgas unit:thumbup:

[cousin jack]

**** yer mitsubishi, I've got a horse outside