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16th June 2022, 11:01 | #81 |
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Yes. Make it rare thus increasing its value. KERCHING... I wonder when this lets see how far can we go before they stop buying it exsperiment last's...
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16th June 2022, 16:37 | #82 |
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IMHO :
1) As 95% of delivery lorries are diesel, diesel will be around for a long time, as there is no practical alternative. 2) In order to control delivery costs and hence inflation, I suspect the government will TRY to limit diesel prices. Petrol drivers will be pushed to electric and hybrids. 3) Fuel prices will go higher, until the Ukraine war ends (probably) sometime next year. Unless Russia collapses first. 4) Road taxes will really start to rise for those older cars with higher emissions. Last edited by MarkS; 16th June 2022 at 17:39.. |
16th June 2022, 21:41 | #83 |
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Extraordinary stat:
In 2008, when oil prices peaked at $144/barrel, no one in GB paid more than 120p per litre of petrol. Today, oil price is $113 but pump prices 186p litre. Difference is collapse in sterling from $2 to $1.20. Just wondering if something happened that caused the £ to fall against the $ & ..?? |
16th June 2022, 22:15 | #84 | |
I really should get out more.......
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Quote:
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16th June 2022, 23:30 | #85 | |
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Quote:
I will try to answer my own question: 1£ purchased 1.85$ in 2008 1£ purchases 1.24$ in June 2022 Barrel of Oil is priced in $, hence price of petrol What could possibly has caused this sharp decline in the £ ?? Open to suggestions ! |
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17th June 2022, 13:08 | #86 |
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MG ZS EV Join Date: Oct 2015
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Fuel prices hit new record again today. Ouch! https://www.fleetnews.co.uk/news/car...ale-costs-fall
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17th June 2022, 13:33 | #87 |
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You raise a very important point. All the G20 countries and others have been depreciating their currencies for years. When the monetary policy of an individual country gets totally 'out of whack' with other baskets, that currency gets sold off and we see a Zimbabwe or a Venezuela. Most governments excel at not balancing their books like we plebs have to. They over promise to get elected in democracies, rob Peters to get the cash to pay pay Pauls ( their supporters), thus creating capital misallocations on a grand scale and then 'print money' to fill any gaps in public finances. If they try to balance the books, the opposition screams austerity, so the dog and pony show goes on until we arrive where we are now. You can't shut an economy down for two years and print over £440 billion without consequences. If Labour or anyone else achieves a majority at the next election, they'll probably regret it! The macro economic headwinds don't recognise political parties. They just do their thing when Pandora's box has been open long enough.
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17th June 2022, 15:22 | #88 |
I really should get out more.......
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The pound has been falling on the world's exchanges for years, long before Brexit was even thought of.
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17th June 2022, 16:43 | #89 | ||
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Quote:
Note £40.00 worth of diesel £6.67 is VAT now if the GOV knocked of VAT then we would be in a good place 1
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17th June 2022, 17:23 | #90 |
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Can't see the government being in any hurry to give that up. Everybody talks about a windfall tax on companies, the VAT on fuel is just about the definition of a windfall.
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