costina

iTrader: (1)

Today my Daughter asked me how much cheaper petrol was back in the day


So I had a look and found this.


http://www.speedlimit.org.uk/petrolprices.html




Worth a look

Harris.

Same as everything , its all gone up !! So have wages

fuzzy

Petrol prices have doubled in the same time that my wages have trebled.....

Harris.

Funny thing is we all rant about the price fuel


But pay £1.79 for a 500ml can of red bull

fuzzy

£1.79 for a 250ml can.....

LHD220Turbo

iTrader: (4)

Thankfully, prices for fuel are coming down, under £1 next year i think

fuzzy

Its about to drop under a dollar in oz and the exchange rate is 1.8 to the pound....

Harris.

Oh yeah my bad

studabear

You out there for good now?

james kiely

iTrader: (5)

i remeber putting £120 plus a week in the cossies when it was under 50p a litre

Rod-Tarry

In 1962 when I started Petrol was 4s 2d that's 21p a gallon in this new fangled money. Average wage was £850 a year lets say its now 25k that's 30 times more pay now.
That would mean 21p X 30 = £6.30 a gallon in todays money. So petrol is very cheap now even when it was at its peak compared to back then.

Mr S1

iTrader: (2)

He wishes - they'll send him back soon, worried he'll make a bid for Independence

cossynut2

Thats why there are still plenty of V8s over there ! My wife has recently come back from Adelaide and she said in reality petrol is roughly half what it is here!

fuzzy

No, 6 weeks holiday visiting my dad....i dont think i could handle the heat full time !

cossynut2

I spoke to my Sister-in-law in Toodjay, Western Australia this morning and the other day it was 45 degrees !

bigdel

does she live on the side of a hill?

fuzzy

39 tomorrow and getting hotter.....

tosh

It's a good job the fuel is cheaper in Ozz! Just imagine how much fuel you are losing through evaporation in that sort of heat.

Glenn_

iTrader: (1)

Yeh i can defo remember when it was 79p when i first started driving.

scoooby slayer

iTrader: (4)

It's robbery here as they will still be paying some tax over there, here an example

£1.32.9 fuel price

Actual products is £0.47.8 pence

Then duty is £ 0.57.95 pence

Then vat on the product AND DUTY! Is £0.22.15 pence

Then the retailer and delivery get 5 pence!


That should be a criminal offence it's robbery imo!

fuzzy

The government needs that revenue. If it wasn't on the fuel it would be on something else . We'd still need to pay somewhere along the line.

costina

iTrader: (1)

Its so chavs can have benefits, iphones, 50" TV's and more
Great Britain.....


Happy new year

cossynut2

No,but those sort of temperatures are not unusual , I used to live in Adelaide and it gets bloody hot there as well.

cossynut2

Hi Glenn,I remember when petrol went up to £1 a Gallon (not a litre ) and everyone thought it was terrible! At the time I had my Cortina Savage V6 which only averaged 18 - 20 MPG.

andy.v

ah the good old days when a fiver lasted ya all week, running about.

ajamesc

It will go up again no doubt about that and most likely to more than it was

costina

iTrader: (1)

As soon as the general election is done

alistairolsen

Its still stupidly expensive as the price of oil has more than halved and yet petrol is down 20p a litre, someone is laughing all the way to the bank.

It won't stay that low for long either, OPEC ultimately can't afford to keep pumping it out at low prices indefinitely

Psycho Warren

iTrader: (5)

Considering you are looking at less than $50 a barrel production costs on average for OPEC they can more than afford to keep the price low. Just less profit for the oil companies.

The middle east produces it even cheaper than that.

However many countries have written budgets based on high oil prices ie depending on spending money they havent yet got and was never garunteed to get. Almost as bad as a gambler assuming he can make enough money at the bookies to pay his rent next month

alistairolsen

Its not production costs warren, its balancing the books of countries with no other income

Psycho Warren

iTrader: (5)

But thats not an oil problem, its a problem with thier fundamental economy. eg quite a lot of the middle eastern states (and some others) have been reasonably sensible to invest either in other markets in recent years or to save up a massive buffer fund to balance the books on "bad" years or where theyve cut the price to suit a political agenda.

its only the countries whove been stupid with the oil money or have become dependant on high oil prices to balance the books who are fucked. And that is precisely the intention of the price cuts - to fuck over certain countries.

If it works, then its bad news as there will be even more of a monopoly with fewer oil producers and they would then be able to charge a lot more in the long run.

If it back fires, it could break up OPEC completely making a complete free market with oil.

but i suspect that will never happen. none of the big players want a free competitive market on oil.

cossynut2

Been told if you live in Saudi-Arabia petrol is free!! Anyone else heard this?

3i Jim

I might buy a jag xkr for the daily commute at this rate

Fil

its great i can fill my tank via pay at pump now! used to click out at just over £99 as that was the limit and the car wernt full!