And yet gasoline prices rise

[Catfish]

Gas and oil prices have nothing to do with availability.
They are entirely made (up) by the stock market.
Which is why England's commerce and economy is going down and down, they rely entirely on their (free, or better: out of bounds) London stock market and produce almost nothing any more. Without being a wiseass this system of compound interest and stock markets will soon crash. Indeed it already has - only politicians have not realized it, while managers have parked their Lear jets already pointing towards the Carribean, or Cayman islands.

[Oberon]

Originally Posted by Herr-Berbunch

Suffolk?

Ah yes, but fortunately it all goes back in to our wonderful, world-class road system so we don't have to worry about things like pot-holes or never-ending, never-working-on-them roadworks.




Uh, what? Why wake me from my super dream now?

Nah, the UK itself mate. The inner cities are the worst though IIRC, tends to be a smidge cheaper in the sticks, but it's still ludicrous.
And even those of us who don't drive (like myself) have to suffer because of the skyrocketing train and bus fares.

If you want more people to use public transport...here's a tip...don't make them have to take out a loan to travel to the next bloody town.

[Oberon]

Originally Posted by Catfish

heading towards the Carribean, or Cayman islands.

With the UK it's the Channel Islands. Half of London is owned by people 'living' in the Channel Islands.

[Herr-Berbunch]

Aside from the general price of petrol, the variation around the country winds me up. Their excuse? Because of transportation costs.

But I live about 3 miles (crow's distance) from LOR, and yet if I drive to the same 'brand' station about 60 miles away, or further,it's some 10p cheaper!

/rant

[mookiemookie]

Originally Posted by TorpX

Blaming the speculators might make people feel good, but it won't solve the problem. The reason everything prices are rising is than our money is worth less now than it was before. It is a direct consequence of the US Government printing money to finance it's spending. (Remember "Quantitative Easing"?) Regulate the speculators all you want, have a congressional lynching, but it will not make prices go back down. As long as the Fed keeps inflating the currency, it will lose value.

Got any data to back up that assertion? I've got data to disprove it.



Gas prices adjusted for inflation are still up drastically since 2000 when Congress allowed speculators to trade without oversight on the OTC (over the counter - i.e. not on an exchange) markets and when ICE (the international commodities trading platform) was instituted.

If what you said was true, and the runup in prices was solely due to inflation, then the inflation adjusted price would be steady. It's not. QED.

[Ducimus]

Problem with gasoline, is it's a finite resource that is currently not following the laws of supply and demand.

edit:
And it's only going to get worse with time. Anyone would be wise to start looking into hybrid vehicles.

[Rhodes]

Above 1.70€ litter here! Diesel is now 1.50€ and of course rising...

[MH]

A bit more than 2$ a liter here.
Prices went up just last night.

[TorpX]

Originally Posted by mookiemookie

If what you said was true, and the runup in prices was solely due to inflation, then the inflation adjusted price would be steady. It's not. QED.

I didn't mean that the rise in prices is soley, or even mostly due to inflation. There is the matter of instability/Iran stuff in ME. But there is little that can be done about that. The Fed inflation is a self-inflicted wound, though. I really doubt that speculation is a big factor. I focused on inflation because it will affect everything, not just gas.

[Jimbuna]

Originally Posted by Rhodes

Above 1.70€ litter here! Diesel is now 1.50€ and of course rising...

Then that is slightly higher than the UK

[NeonSamurai]

And we complain when it goes about $1.30 per liter in Canada (yesterday it was $1.245 where I am)

[Jimbuna]

UK Petrol Prices for Thursday 1st March 2012

.................................Avg.............. ...........Min.................................Max

Unleaded................137.44p................... ...130.9p.........................149.9p
Diesel.....................144.67p................ .....137.9p.........................155.9p
SuperUnleaded.......144.95p......................1 34.9p..........................159.9p
Premium Diesel......152.58p.......................143.9p.. .......................160.9p
LPG.........................75.72p................ .........66.9p...........................84.9p

[STEED]

Welcome to the world of corporate greed.

[Ducimus]

And nobody will do anything about it except bend over and take it.

[STEED]

Originally Posted by Ducimus

And nobody will do anything about it except bend over and take it.

Got it in one.

They know it, they don't care, they do what the hell they like...