TIGHTCHOKE Posted October 21, 2016 Report Share Posted October 21, 2016 Diesel is now £1-16.9 and rising fast, will Brexit get the blame? Quote Link to comment Share on other sites More sharing options...
guest1957 Posted October 21, 2016 Report Share Posted October 21, 2016 Oil is priced in dollars. Depends what you believe is the cause of the fall in the value of the pound against the dollar. Quote Link to comment Share on other sites More sharing options...
JRDS Posted October 21, 2016 Report Share Posted October 21, 2016 No doubt. Quote Link to comment Share on other sites More sharing options...
Adge Cutler Posted October 21, 2016 Report Share Posted October 21, 2016 Did you really expect anything else. Quote Link to comment Share on other sites More sharing options...
yod dropper Posted October 21, 2016 Report Share Posted October 21, 2016 By some people no doubt, there is some truth in this due to the fall of the £ against the $. But then check out Brent Crude over the last 12 months, this isn't Brexit. Quote Link to comment Share on other sites More sharing options...
MrM Posted October 21, 2016 Report Share Posted October 21, 2016 (edited) The pound fell to its current levels immediately after the vote - it was a market reaction. It rallied a bit a day or so ago after T'May said she wasn't going for a hard Brexit. Whether it was just an opportune moment for the market makers to realign the pound who knows. But the consequence is that imported goods are more expensive, and as we import most if not all of our petrol and diesel, there will be price rises. Most of the Brent Crude is exported, and is usually a few dollars per barrel higher than middle eastern oil - it is one of three international price benchmarks for oil. Edited October 21, 2016 by MrM Quote Link to comment Share on other sites More sharing options...
Pistol p Posted October 21, 2016 Report Share Posted October 21, 2016 And to add to the pain they are now allowed to add 20% ethanol to petrol and 20% bio to diesel, so it not even as pure. Quote Link to comment Share on other sites More sharing options...
Thunderbird Posted October 21, 2016 Report Share Posted October 21, 2016 Diesel is now £1-16.9 and rising fast, will Brexit get the blame? Brexit will get the blame for anything if it suits people to blame it. Easy target. Quote Link to comment Share on other sites More sharing options...
UKPoacher Posted October 21, 2016 Report Share Posted October 21, 2016 Diesel prices are rising in France too. And the Euro is strengthening against the Dollar so the price hike might be something to so with supply and demand. Quote Link to comment Share on other sites More sharing options...
bullet1747 Posted October 21, 2016 Report Share Posted October 21, 2016 How can they blame the brexit , the cost goes down quite a bit for a week or two then they put it up higher than it was always do, six ish months and they will put it down then bang up higher , wot ever happened to when we blocked the refinerys years back when it went to 99 pence Quote Link to comment Share on other sites More sharing options...
KFC Posted October 21, 2016 Report Share Posted October 21, 2016 The thing that gets my goat is the fact that diesel is going up more than petrol but diesel is produced on the way to refining petrol and it always used to be cheaper than petrol. I don't have a diesel vehicle at the moment. Financial speculators depend on volatility in the market so there was always going to be another round of boom and bust regardless of Brexit, it's just a handy excuse. Quote Link to comment Share on other sites More sharing options...
keg Posted October 21, 2016 Report Share Posted October 21, 2016 The thing that gets my goat is the fact that diesel is going up more than petrol but diesel is produced on the way to refining petrol and it always used to be cheaper than petrol. I don't have a diesel vehicle at the moment. Financial speculators depend on volatility in the market so there was always going to be another round of boom and bust regardless of Brexit, it's just a handy excuse. I believe you get less diesel out of a barrel and there is still a lot of demand for it. Cynically, half term is here, could that be anything to do with it as we hit the roads. Quote Link to comment Share on other sites More sharing options...
12gauge82 Posted October 21, 2016 Report Share Posted October 21, 2016 (edited) Opec has agreed a pricing strategy again recently which has raised confidence and oil prices, of course the pound weakening vs dollar has also contributed. Remoaners will jump on anything and there will of course be rocky times ahead, I'm in no doubt we made the right choice to leave and I know nobody who has changed their mind thus far, considering all the doom mongering, the impact has been far less than I expected thus far and I voted leave regardless Edited October 21, 2016 by 12gauge82 Quote Link to comment Share on other sites More sharing options...
clakk Posted October 21, 2016 Report Share Posted October 21, 2016 Even if the nimbys get slapped down and fracking commence,s theyl rip us off .Remember the bull feather,s that north sea gas would give us free heating forever well fracking will give us a supply but its already linked to the normal fuel pricing system so we are stuffed.The gazillions of gallons fracked will still be sold by snatchit ,grabbit n run plc Quote Link to comment Share on other sites More sharing options...
subsonicnat Posted October 21, 2016 Report Share Posted October 21, 2016 Yes but when OUR MONEY Was used to search the North Sea for Gas and Oil. Yes almost free was the cry,,What happened then because of the hight quality we SELL IT.. That then becomes a money spinner for everyone in the World,,it was better than owning property.. It all comes back to greedy speculators,,We come a very poor second in the scheme of things.. Quote Link to comment Share on other sites More sharing options...
Rupert Posted October 21, 2016 Report Share Posted October 21, 2016 We didnt sell it cos it was high quality, we sold it as we needed the money, for whatever we needed at the time, motorway,bridges,benefits foreign aid, etc.It helped fund the prosperity we have enjoyed in the last 30 years. Quote Link to comment Share on other sites More sharing options...
guest1957 Posted October 21, 2016 Report Share Posted October 21, 2016 The thing that gets my goat is the fact that diesel is going up more than petrol but diesel is produced on the way to refining petrol and it always used to be cheaper than petrol. I don't have a diesel vehicle at the moment. Financial speculators depend on volatility in the market so there was always going to be another round of boom and bust regardless of Brexit, it's just a handy excuse. There is a pinch on refining capacity so a lot is import already refined which adds cost Quote Link to comment Share on other sites More sharing options...
keg Posted October 22, 2016 Report Share Posted October 22, 2016 Yes but when OUR MONEY Was used to search the North Sea for Gas and Oil. Yes almost free was the cry,,What happened then because of the hight quality we SELL IT.. That then becomes a money spinner for everyone in the World,,it was better than owning property.. It all comes back to greedy speculators,,We come a very poor second in the scheme of things.. who is we? Why not becomea a speculator? Quote Link to comment Share on other sites More sharing options...
chrisjh Posted October 22, 2016 Report Share Posted October 22, 2016 the simple fact is brexit we will generate increased prices, fewer jobs, less investment, lower salary's, in the long term we will be a poorer country the irony is all the old fools who voted for it will be shuffling off leaving the young people to inherit a mess Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted October 22, 2016 Author Report Share Posted October 22, 2016 Good afternoon Troll, how are you? Quote Link to comment Share on other sites More sharing options...
panoma1 Posted October 22, 2016 Report Share Posted October 22, 2016 the simple fact is brexit we will generate increased prices, fewer jobs, less investment, lower salary's, in the long term we will be a poorer country the irony is all the old fools who voted for it will be shuffling off leaving the young people to inherit a mess The same whinging, idle young people who couldn't be bothered to get out of their pit to vote you mean! That democracy for you! Suck it up and get over it! The remainers trying to overturn the democratic vote for the UK to exit the EU are more responsible for the current financial turbulence than Brexit!..............anyone who claims to be British who works to undermine the democratic will of the people of the UK, is no better than a traitor! Quote Link to comment Share on other sites More sharing options...
Adge Cutler Posted October 22, 2016 Report Share Posted October 22, 2016 (edited) The same whinging, idle young people who couldn't be bothered to get out of their pit to vote you mean! That democracy for you! Suck it up and get over it! The remainers trying to overturn the democratic vote for the UK to exit the EU are more responsible for the current financial turbulence than Brexit!..............anyone who claims to be British who works to undermine the democratic will of the people of the UK, is no better than a traitor! I think you will find that the Young people voted solidly to remain, it was generally those financially comfortable, retired, or just having the opportunity to vote against their parties opposition ( with immigration at the top of the list) which was the mainstay of the leave vote. Sure some voted they say because of bureaucracy of the EU impinging on British statute and if they believe that that's up to them. Chrisjh is correct in his post IMO and you are hardly being democratic suggesting he is a traitor particularly as none of us can instigate a reversal unless there is a GA and it can only be done through the Parliamentary process democratically by the MP's we have elected. Of course the rise in fuel prices is directly due to Brexit, The pound has devalued steadily since Brexit oil is traded in dollars the pound is very weak against the dollar. QED. It can only get worse at the pumps and in the shops and supermarkets..so as you say we just have to Suck it up get used to it. Edited October 22, 2016 by Adge Cutler Quote Link to comment Share on other sites More sharing options...
Adge Cutler Posted October 22, 2016 Report Share Posted October 22, 2016 (edited) The thing that gets my goat is the fact that diesel is going up more than petrol but diesel is produced on the way to refining petrol and it always used to be cheaper than petrol. I don't have a diesel vehicle at the moment. Financial speculators depend on volatility in the market so there was always going to be another round of boom and bust regardless of Brexit, it's just a handy excuse. Diesel prices are artificially inflated by agreement with the wholesalers and the Government. This is because diesel cars have evolved to be more fuel efficient in the larger capacity engines. Hence less petrol sold less revenue I remember when diesel was about 30 % less than petrol, then your diesel cars came along in the late 70's with fuel efficiency up to 60 % more than the equivalent petrol car and sales of these and diesel took off. Over the next 20 years or so revenue from petroleum sales slumped as diesel surged with cars achieving 40, 50 or even 60 mpg. The Government will argue its the ecological reasons of course or the cost of production but that's just poppycock. As alternative fuels become popular you can bet they will be taxed into oblivion too, Particularly Electricity. Edited October 22, 2016 by Adge Cutler Quote Link to comment Share on other sites More sharing options...
panoma1 Posted October 22, 2016 Report Share Posted October 22, 2016 I think you will find that the Young people voted solidly to remain, it was generally those financially comfortable, retired, or just having the opportunity to vote against their parties opposition ( with immigration at the top of the list) which was the mainstay of the leave vote. Sure some voted they say because of bureaucracy of the EU impinging on British statute and if they believe that that's up to them.Chrisjh is correct in his post IMO and you are hardly being democratic suggesting he is a traitor particularly as none of us can instigate a reversal unless there is a GA and it can only be done through the Parliamentary process democratically by the MP's we have elected.Of course the rise in fuel prices is directly due to Brexit, The pound has devalued steadily since Brexit oil is traded in dollars the pound is very weak against the dollar. QED.It can only get worse at the pumps and in the shops and supermarkets..so as you say we just have to Suck it up get used to it. Rubbish! Check your facts before contradicting someone! Young people did not turn out to vote in high numbers, they are just being used, Incorrectly as it happens, by whinging remainers to try to justify their anti democratic attempts to overturn Brexit. If you bothered to read my post properly before running off at the mouth (keyboard!) you will observe I did not accuse any individual of being a traitor.....how did that thought enter your head? do you deliberately set out to misrepresent things as an excuse to be contrary and controversial? As those of us remember, you did under your previous nom de plume? Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted October 22, 2016 Author Report Share Posted October 22, 2016 Now please remember that Fisherman Mike/ Adge Cutler don't do politics! :lol: Quote Link to comment Share on other sites More sharing options...
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