Diesel price threat averted

Another scare story.....and fuel prices increase AGAIN!

Every week there's another scare story on tv and in newspapers which will, of course, lead to yet another increase in fuel costs. No doubt, in this case, it's merited but surely it's possible to re-route supplies from other refineries to make up any shortages. I've recently changed back from diesel to a petrol car so I'm not panicking yet. However, as normally happens, petrol prices will increase as well just for good measure. After all, we're all so inured to fuel prices being on a permanent upward spiral that if they ever dropped significantly we'd never be able to cope with the shock.

By n50pap on 25 January, 2012, 1:47pm

Happy days!!! -_-

By NeilR on 25 January, 2012, 5:14pm

The more it costs the better. Disgusting stuff.

By beachland on 25 January, 2012, 5:54pm

A quick look at Wiki:
Product output
petrol 3.6 million tonnes
diesel 2.7 million tonnes

If that is true it's more a story about petrol not Diesel.
Which is more concerning.

By beachland on 25 January, 2012, 8:47pm

Biodiesel

Why more people don't run on biodiesel is beyond me, over 40p Litre cheaper, been running my Golf and Terrano on it for years, use to also run my 406 & 306 on it.
If more used it then diesel would drop in price as consuption would drop.

By brucem on 26 January, 2012, 9:35am

Combined with what is going on in Iran and now with Imports of Iran Oil banned from July. I could see this escalating higher.

By hotredman on 26 January, 2012, 10:27am

Electric Drive

The future of E.V's is looking brighter every year, the more petrol and diesel goes up the more attractive electric drive will be, it's already the cheapest form of transport, except for the cost to buy that is. But Renault's E.V's will be much cheaper to buy and no worries about batteries, making E'V's much more attractive!

People will also have the option to install wind or solar and benefit even more from feed-in-tariffs as well as reduce fuel bills.

And very little servicing costs on E.V's too!

By Mad_Lad on 26 January, 2012, 11:21am

Good to see it won't effect Unleaded Petrol prices? Coryton produces more petrol

Coryton has refining capacity for ten million tonnes of crude oil per year. Some 36 per cent of its output is petrol and 27 per cent diesel, the rest a mixture of other fuels including bitumen for road building.

Coryton produces one-fifth of unleaded petrol for the south of England.

By Richie767 on 26 January, 2012, 1:11pm

Re: Electric Drive

The comment about electric vehicles seems to ignore the lack of rare earth minerals to supply batteries that act as a replacement for fossil fuel powered cars. China has also made sure it's bought up a lot of mineral rights across the globe, so will be able to control prices or restrict supply. The comment also ignores the massive costs of replacing batteries every 3-5 years (kind of outweighs the "very little servicing costs") plus the environmental and financial costs of recycling them. The range of the vehicles is only any good for someone who probably doesn't really need a car anyway. Throw in the comment about artificially set feed-in tariffs (that load people's energy bills) and all-in-all, hardly a cause for excitement in the face of rising fuel prices, is it?

By Rodge on 26 January, 2012, 9:43pm

Pump Prices

Dream on - where I live pump prices for Diesel are already
£1.51.

When I bought my VW Golf 3 years ago it cost £45 to fill the tank, now it's more than £90!

By VFRray on 26 January, 2012, 9:56pm