Newest Review: ... you pay for it and the current rate we are using it up it will be gone soon, so i do agree that petrol needs to go up in value but not ... more
Permanant price increase to squeeze your pockets
UK Petrol Prices
Member Name: Seven17
UK Petrol Prices
Date: 08/02/12, updated on 08/02/12 (24 review reads)
Advantages: Slows/Stops climate change
Disadvantages: Prices go up on food etc, and people cant live lives the way they used to
Did you know? Britain buys fuel at some of the cheapest prices in europe, yet we are one of the most expensive at the forecourt. Why?: Tax.
@ My opinion on fuel prices @
Petrol is the blood of the world, people need it to transport food and supplies and to get about, without it the world would stop... Or would it? Electric cars a very popular but they don't seem to to sell like petrol cars. By that i mean, people love them, people want them and we see celebrities driving around in Hybrids but no one actually buys them over petrol cars. Petrol is majority tax when you pay for it and the current rate we are using it up it will be gone soon, so i do agree that petrol needs to go up in value but not to the point where it starts to cripple the lives of every day people getting to work and who cant afford to run cars anymore.
Of the price of petrol goes up food prices and other must haves go up because of the fuel bill the shipping company is left with - so it just gets passed on to consumers. I agree that petrol needs to be a little expensive so people don't buy Hummers and drive around on 1MPG slowly destroying the ozone because that way we will cook ourselves with CO2 - so for me its finding the right balance. Petrol should never be cheap but never be very expensive like it is today.
The recent EU action over Iran's nuclear program is predicted to push oil past the $150 p/barrel mark and like it isn't expensive enough already and we are in a recession that will further cripple british business. My opinion on this particular situation is neutral because i think the EU may well want to take action but consumers in the UK do need this oil, so again I'm fifty fifty here.
When oil is near complete dry up, electric cars will sell by the bucket load, fuel prices will sky rocket and barrels of oil will be left only in museums. At this time if we haven't achieved mass production and sales of electric cars and an easy cheap alternative to fossil fuels then there will be mass hysteria. At which point feel free to make petrol completely and utterly insanely expensive but right now we need a wake up call on climate change and oil reserves and not extortionate prices that will cripple us too early.
I remember when garages had signs with just 2 digits for fuel prices. Hard to think of that now and if your reading this in 2020 you're probably begging for fuel at £1.33 a litre, because thats the only way the cost of fuel is set to go no matter what the government does. Its going up permanently.
Summary: Neutral. We need a wake up call but we cant be financially strained anymore