Fuel prices and inflation

[thecaretaker]

The average price of diesel at Britain's pumps has risen above £1.80-a-litre for the first time on record and is set to keep climbing closer to £2. Petrol isn't far behind at £1.68.

Both the AA and RAC have warned drivers to brace themselves for further rises over the coming weeks, with the cost of fuel set to add more strain on finances and pile more pressure on families struggling in the cost of living crisis.

Inflation hit 9% in April, the highest it has been in 40 years. Watching the television news this morning, neither the Conservatives (who don't seem to appreciate how difficult it is for people) or Labour (who don't have any concrete plans apart from the one-off windfall tax) have any ideas, so things can only get worse.

It looks like we are all in for a rough ride in the next 12 months or more

[Drone]

There are bound to be other impacts. If it is costing more for supermarkets to get goods from the warehouses to the stores, the cost is going to be passed on to the customer.

[Durham1968]

Shell has reported its profits of 7.3 billion pounds for the first quarter of 2022 - looks like they are trying to get their money back from lockdown when no-one was travelling and it was about £1 a litre

[Keyolder]

There are bound to be other impacts. If it is costing more for supermarkets to get goods from the warehouses to the stores, the cost is going to be passed on to the customer.

The knock on effect of this means that everything will go up, sadly our salaries and pensions will never keep up...

[greenjack]

Unfortunately we have a group of millionaire Oxford elite presiding over an economy which is breaking records. Eye watering profits for big multinationals, record inflation and fuel costs for the masses. Given the track record of Boris and his crew I don’t see it improving anytime soon

[jay]

As my signature block says…

“Come the revolution, I won’t be able to afford the petrol to get there.”

[Vera]

As my signature block says…

“Come the revolution, I won’t be able to afford the petrol to get there.”

Can I suggest an edit..

Come the revolution, I won't be able to afford the Petrol or electricity to get there.

[inspector]

What shortage of gas?

https://www.thisismoney.co.uk/money/bil ... bills.html

https://www.msn.com/en-gb/money/other/w ... np2sv1plus

[thecaretaker]

What shortage of gas?

https://www.thisismoney.co.uk/money/bil ... bills.html

https://www.msn.com/en-gb/money/other/w ... np2sv1plus

That is amazing. So the UK has a glut of cheap gas but we can't store it for when we need it in the autumn as we don't have storage facilities. Typical lack of forward thinking.

[EBJ]

They had gas holders when i was a kid but took them all down instead of re using them for gas storage but there again they sold the gas works site's off to build blocks of unaffordable flats with little or no parking facilities, you get more building ground floor space that way.