gazjon5 813 Posted March 16, 2020 Report Share Posted March 16, 2020 16 hours ago, tillylamp said: i payed $0.98 for diesel yesterday bud and gas was $0.96.... Ours had dropped to $0.749 CAD yesterday Tilly, crazy times, r u still on the island? Quote Link to post Share on other sites
Squirrel_Basher 17,100 Posted March 16, 2020 Report Share Posted March 16, 2020 Mate in the know says Russia have pulled out of whatever they are part of .This has caused a massive knock on effect that will hopefully see a decent fall in fuel prices . Quote Link to post Share on other sites
Born Hunter 17,763 Posted March 16, 2020 Report Share Posted March 16, 2020 1 hour ago, foxdropper said: Mate in the know says Russia have pulled out of whatever they are part of .This has caused a massive knock on effect that will hopefully see a decent fall in fuel prices . Mate, if they were giving it away at the pump you'd still be paying like 80p a litre! In the current climate there will be next to no investment going on as all operators focus on short term survival and then the price will sky rocket as there is a supply bottleneck. So it can't go any lower, this current price is unsustainable and only come about because of a political battle between OPEC and Russia. Theres a bit more to it than your mate says, not all Russia's fault but yeah that's the bottom line. Quote Link to post Share on other sites
gazjon5 813 Posted March 16, 2020 Report Share Posted March 16, 2020 1 hour ago, Born Hunter said: Mate, if they were giving it away at the pump you'd still be paying like 80p a litre! In the current climate there will be next to no investment going on as all operators focus on short term survival and then the price will sky rocket as there is a supply bottleneck. So it can't go any lower, this current price is unsustainable and only come about because of a political battle between OPEC and Russia. Theres a bit more to it than your mate says, not all Russia's fault but yeah that's the bottom line. None of the oil suppliers make money when it's this low, but if SA just produce more to make up shortfall, they will put a lot of producers out of buisness. Agree once demand picks up and the glut is burnt through, prices will skyrocket. It may be a while yet though and cheap fuel will be no use if most people are out of jobs.... Quote Link to post Share on other sites
Born Hunter 17,763 Posted March 16, 2020 Report Share Posted March 16, 2020 8 minutes ago, gazjon5 said: None of the oil suppliers make money when it's this low, but if SA just produce more to make up shortfall, they will put a lot of producers out of buisness. Agree once demand picks up and the glut is burnt through, prices will skyrocket. It may be a while yet though and cheap fuel will be no use if most people are out of jobs.... Haven't Aramco tried this trick before... to flatten the shale drillers? Only problem was they didn't quite realise how adaptable the shale guys were who largely reduced their operating costs meaning they could come back on line at a lower price than before. I cant see this one being long lived though. I reckon both sides will play chicken and then renegotiate. Can't see any adaptations keeping the price down like last time. Well, I hope not! Pays the bills! LOL Quote Link to post Share on other sites
gazjon5 813 Posted March 17, 2020 Report Share Posted March 17, 2020 (edited) 6 hours ago, Born Hunter said: Haven't Aramco tried this trick before... to flatten the shale drillers? Only problem was they didn't quite realise how adaptable the shale guys were who largely reduced their operating costs meaning they could come back on line at a lower price than before. I cant see this one being long lived though. I reckon both sides will play chicken and then renegotiate. Can't see any adaptations keeping the price down like last time. Well, I hope not! Pays the bills! LOL Lol, agreed on it paying the bills. Who knows what to believe, or what goes on behind the scenes politically? Rumors here suggest even the usa shale has nowhere to go on cost cutting / efficiencies and it seems there is very little left to give for any producers, SA included. The Canadian production is f****d with Trudeau at the helm, and indigenous groups looking for a huge cut / payoff on every deal. At least the American producers were expanding and oil and gas investment was flying high with Trumps policies, up here in canuckstan companies are going bust daily. King flu and the associated stock market massacre are going to make this a brutal year though pretty much everywhere. Edited March 17, 2020 by gazjon5 1 Quote Link to post Share on other sites
dytkos 17,793 Posted March 17, 2020 Report Share Posted March 17, 2020 Had a van on hire this last week, got a call from the rental people (Enterprise) if I wanted I could bring it back empty and they would only charge £1 a litre, Too late, already filled it at £1.09 Cheers, D. Quote Link to post Share on other sites
tillylamp 1,830 Posted March 17, 2020 Report Share Posted March 17, 2020 On 16/03/2020 at 11:53, gazjon5 said: Ours had dropped to $0.749 CAD yesterday Tilly, crazy times, r u still on the island? hi bud.....i've moved away from the island now at the end of last year to nova scotia....we drove from the west coast to the east coast and slept in the truck over night it took us 11 days in all at around 5600km.....it cost me in my truck $1100 so i could have done with todays fuel prices......lol lol mind you....say that.... i was carrying/towing over 3 tons.....lol lol 1 Quote Link to post Share on other sites
keepitcovert 842 Posted March 17, 2020 Report Share Posted March 17, 2020 It will drop like feck if you take the advice of Boris and stop travelling about for no particular reason. 1 Quote Link to post Share on other sites
Gypsydog94 4,590 Posted June 16, 2022 Report Share Posted June 16, 2022 1.89 for diesel this morning Quote Link to post Share on other sites
WILF 46,821 Posted June 16, 2022 Report Share Posted June 16, 2022 24 minutes ago, Gypsydog94 said: 1.89 for diesel this morning €2:15 I seen it yesterday here ! Quote Link to post Share on other sites
Gypsydog94 4,590 Posted June 16, 2022 Report Share Posted June 16, 2022 7 minutes ago, WILF said: €2:15 I seen it yesterday here ! It’s a joke. When oil was $1.09 a barrel fuel was £1.19 a litre. Now oil $89 a barrel and nearly £2 a litre Filled all the tractor up yesterday. Good way of spending £900 1 Quote Link to post Share on other sites
kanny 20,610 Posted June 16, 2022 Report Share Posted June 16, 2022 £1.99.9 for E5 99 ron ... Quote Link to post Share on other sites
WILF 46,821 Posted June 16, 2022 Report Share Posted June 16, 2022 (edited) 5 minutes ago, Gypsydog94 said: It’s a joke. When oil was $1.09 a barrel fuel was £1.19 a litre. Now oil $89 a barrel and nearly £2 a litre Filled all the tractor up yesterday. Good way of spending £900 The treasury is having a cold fortune out of all this mate, they have been encouraging people into ever increasing credit for the last 10 years or so and now I think they are about to close the doors of the trap. Its going to be champagne all round for the investment banks, oil companies and the governments on their payroll…..but us poor c**ts are going to get raped and it’s going to be very painful ! Edited June 16, 2022 by WILF 2 Quote Link to post Share on other sites
Gypsydog94 4,590 Posted June 16, 2022 Report Share Posted June 16, 2022 2 minutes ago, WILF said: The treasury is having a cold fortune out of all this mate, they have been encouraging people into ever increasing credit for the last 10 years or so and now I think they are about to close the doors of the trap. Its going to be champagne all round for the investment banks, oil companies and the governments on their payroll…..but us poor c**ts are going to get raped and it’s going to be very painful ! Keep telling my mrs this. She wanted a new kitchen etc. told her hard times are coming keep saving be deals to be had when it comes I hope 4 Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.