Originally Posted by Nev
I currently pay 1.57 Euro = 125p /litre
for SP98
But of course in that comparison we have two variables...the rise in fuel cost (based in dollars) and the depreciation of the £ against the Euro.....double whammy for us....
I think a more interesting approach is to look at the cost analysis....for ease, lets consider those halcyon days when petrol cost "only" £1/litre (when I started driving you got 4 gallons to the £ - but thats another sob-story..) Figures are approximations for illustrative purposes only...
At £1 litre, with international oil prices hitting $100/barrel, we paid 30p for the fuel, 70p tax. so in a sensible world, if the oil price went up say 20%, as it has - we'd pay 30p x 1.2 = 36p+70p - instead the increase is at least twice that. Of course UK Gov isn't sensible so rips us off proportionately...... I'm sure that with the dire predictions - driven by international speculators - of oil hitting $200/barrel we are in for a very rough - and it will have to be slow and economical - ride. If the Gov weren't intent on robbing the captive motorist blind to pay for the latest computerisation / Olympic Games / etc cost over-run, it could freeze fuel duty and even with a $200 barrel we'd be paying £1.30 a litre - tough but manageable.
I ain't holding my breath......