Comments: Weather, oil and inflation

At our small village petrol station, diesel is €1.70 (give or take a fraction of a cent) and petrol a little more.

Posted by Ian on 24 February, 2022 at 7:37 AM

So 1 litre of diesel at Euro 1.70 = USD = 1.91 = GBP 1.42, currently.

I think the RAC were saying yesterday that the average price for petrol in the UK is £1.48 and diesel £1.53, but rising constantly as Brent Crude was $97 a barrel, up from $92 on Friday.

At Scotch Corner services on the A1 (always the most exensive fuel in 300 miles) diesel has been £1.699 a litre for several months.

Other fuel stations on the A1 have been gradually catching up with it, and it's been almost as if they weren't keen to break the £1.70 a litre barrier.

Cheapest on the A1, up to last week, was £1.477 (unmanned/pay-only-at-pump Gulf at Great Ponton in Lincolnshire). The modal price on the A1 was £1.548 per litre, again, last week.

By contrast, Costco, 2 miles off the A1 at Gateshead and the cheapest fuel in the NE, was £143.7 last week. During the first UK lockdown in March and April 2020, Costco price was 99.9ppl.

Posted by Blue Witch on 24 February, 2022 at 8:17 AM

Locally, fuel prices have gone up recently. We've risen to about $3.72 a gallon for diesel, so $63.24 for your 17 US gallons. Still less than half your price. Interesting comparison.

Our cars are gas so up to about $3.22 a US gallon locally, which is more than its been in a long time.

I don't want to think about how much we've spent on natural gas for heat this winter!

Posted by Scoakat on 24 February, 2022 at 9:53 PM