Did everyone notice, that during last two weeks, oil prices have dropped for 10-15%, but on the fuel stations we see only one or two cent reduction? How can this be explained, or how will you comment on that? I can only say that once again, someone is making nice profit on us.
Anyone have serious thoughts switching regular car to electric, or you think this fuel price growth is temporary? With two diesel cars in a family, more and more often I start to think about selling one and buying an electric car for small and regular rides.
Topic: Fuel prices hitting an eight year high - page 5. (Read 3994 times)
It's the same in most parts of the world that the fuel prices have doubled because of the war. And we all need to consume petroleum and other oil products for our basic needs.
This impacts the whole industries because it's an energy source and this is what really happens when the source is increasing on its value and price, everything is going to be badly hit by it. Everyone has to commute to transport goods and materials, then those products that are in transport are also going to increase on its price, a domino effect.
This impacts the whole industries because it's an energy source and this is what really happens when the source is increasing on its value and price, everything is going to be badly hit by it. Everyone has to commute to transport goods and materials, then those products that are in transport are also going to increase on its price, a domino effect.
Maybe, this situation is a wake up call to find alternative fuel sources. Ordinary workers are suffering from this rise of prices. But what can we do? Tighten our budget more. We don't know where to get our funds anymore to survive in this crisis. This situation is true in most parts of the world, and the only one who are not bothered are those wealthy people, who don't care whether the fuel price is already doubled in the market. We need to re-think our priorities now before we go into deep debt.
But if you're someone that doesn't care of the price hikes and you can still survive no matter what happens, it's all on you on how you're going to deal with it. Like dealing how cool you are with it and you're not problematic on it whilst many of us are dealing on it and really have to face and look for a way to at least save.
In my country, the average gas price is around 1,73-1,9 USD. Last year it was around 1-1.5 USD, and last week it was around 2-2,5 USD. I think this is because people are manipulated extremely easily. In my country, the price increased after a few posts on social media and on news channels showing a picture of a private gas company that increased the price by almost 40%, and after that everyone went to the gas station to refill. When there is request for a product, the price increases
In India, GAIL (Gas Authority of India Ltd.) has signed an agreement with some of the Russian natural gas producers to import LNG cargoes from that country. The Russians are giving a steep discount. The ongoing market rates are $35 to $40 per MMBTU, while the Russians are willing to sell their cargoes for just $25 per MMBTU. This comes as a big relief for the Indian consumers, as they have been battered by very high CNG and LPG prices. In the end, this is beneficial for Russia as well. The LNG prices went up because of the sanctions. So even at a discount, Russia is making a good profit.
Same situation here in our country Pakistan. The Price per liter is 151.5 Rupees/Ltr for refined and 105.6 Rupees/Ltr.
In last 2 years price of petroleum products dramatically increased and almost doubled here. And if things continue like this, It could even go 200 Rupees/Ltr.
The reason of petroleum product high coast is totally depends upon supply and demand. The more we consume petroleum, The more we need and in whole world there are only few major refinery companies witch are controlling the whole supply chain. And there is dire need of Gas and Oil in all countries. Its like a energy race going on and every country want more.
Situation in our country is not so good. Average peoples are mostly effected by high fuel price and barely managing daily routine.
It's the same in most parts of the world that the fuel prices have doubled because of the war. And we all need to consume petroleum and other oil products for our basic needs.In last 2 years price of petroleum products dramatically increased and almost doubled here. And if things continue like this, It could even go 200 Rupees/Ltr.
The reason of petroleum product high coast is totally depends upon supply and demand. The more we consume petroleum, The more we need and in whole world there are only few major refinery companies witch are controlling the whole supply chain. And there is dire need of Gas and Oil in all countries. Its like a energy race going on and every country want more.
Situation in our country is not so good. Average peoples are mostly effected by high fuel price and barely managing daily routine.
This impacts the whole industries because it's an energy source and this is what really happens when the source is increasing on its value and price, everything is going to be badly hit by it. Everyone has to commute to transport goods and materials, then those products that are in transport are also going to increase on its price, a domino effect.
Maybe, this situation is a wake up call to find alternative fuel sources. Ordinary workers are suffering from this rise of prices. But what can we do? Tighten our budget more. We don't know where to get our funds anymore to survive in this crisis. This situation is true in most parts of the world, and the only one who are not bothered are those wealthy people, who don't care whether the fuel price is already doubled in the market. We need to re-think our priorities now before we go into deep debt.
Same situation here in our country Pakistan. The Price per liter is 151.5 Rupees/Ltr for refined and 105.6 Rupees/Ltr.
In last 2 years price of petroleum products dramatically increased and almost doubled here. And if things continue like this, It could even go 200 Rupees/Ltr.
The reason of petroleum product high coast is totally depends upon supply and demand. The more we consume petroleum, The more we need and in whole world there are only few major refinery companies witch are controlling the whole supply chain. And there is dire need of Gas and Oil in all countries. Its like a energy race going on and every country want more.
Situation in our country is not so good. Average peoples are mostly effected by high fuel price and barely managing daily routine.
It's the same in most parts of the world that the fuel prices have doubled because of the war. And we all need to consume petroleum and other oil products for our basic needs.In last 2 years price of petroleum products dramatically increased and almost doubled here. And if things continue like this, It could even go 200 Rupees/Ltr.
The reason of petroleum product high coast is totally depends upon supply and demand. The more we consume petroleum, The more we need and in whole world there are only few major refinery companies witch are controlling the whole supply chain. And there is dire need of Gas and Oil in all countries. Its like a energy race going on and every country want more.
Situation in our country is not so good. Average peoples are mostly effected by high fuel price and barely managing daily routine.
This impacts the whole industries because it's an energy source and this is what really happens when the source is increasing on its value and price, everything is going to be badly hit by it. Everyone has to commute to transport goods and materials, then those products that are in transport are also going to increase on its price, a domino effect.
Same situation here in our country Pakistan. The Price per liter is 151.5 Rupees/Ltr for refined and 105.6 Rupees/Ltr.
In last 2 years price of petroleum products dramatically increased and almost doubled here. And if things continue like this, It could even go 200 Rupees/Ltr.
The reason of petroleum product high coast is totally depends upon supply and demand. The more we consume petroleum, The more we need and in whole world there are only few major refinery companies witch are controlling the whole supply chain. And there is dire need of Gas and Oil in all countries. Its like a energy race going on and every country want more.
Situation in our country is not so good. Average peoples are mostly effected by high fuel price and barely managing daily routine.
It's the same in most parts of the world that the fuel prices have doubled because of the war. And we all need to consume petroleum and other oil products for our basic needs.In last 2 years price of petroleum products dramatically increased and almost doubled here. And if things continue like this, It could even go 200 Rupees/Ltr.
The reason of petroleum product high coast is totally depends upon supply and demand. The more we consume petroleum, The more we need and in whole world there are only few major refinery companies witch are controlling the whole supply chain. And there is dire need of Gas and Oil in all countries. Its like a energy race going on and every country want more.
Situation in our country is not so good. Average peoples are mostly effected by high fuel price and barely managing daily routine.
This impacts the whole industries because it's an energy source and this is what really happens when the source is increasing on its value and price, everything is going to be badly hit by it. Everyone has to commute to transport goods and materials, then those products that are in transport are also going to increase on its price, a domino effect.
I just checked the real-time crude oil prices online:
https://oilprice.com/oil-price-charts/#prices
Brent is currently trading at $107.93 per barrel, which is an increase of around 2.6x from the Trump times. That said, the Russian crude is trading at a very heavy discount. ESPO is currently trading at $85.66 per barrel, which is 21% lower when compared to the Brent prices. Sokol crude is currently trading at $89.87 per barrel. Once again, 17% lower when compared to Brent.
This is good news for importers of Russian crude, such as China and India. But at the same time, it shows the ineffectiveness of the sanctions. Russian crude is still being sold and the Europeans are importing crude from as far as Venezuela, increasing their own costs.
I never liked the idea of sanctions, I was one of the first ones to point out their ineffectiveness, which will ultimately hurt Europe more than it will hurt Russia. As you've pointed out, Russia continues exporting oil to in other Asian countries, who are of course, willing to take advantage of the lower price.https://oilprice.com/oil-price-charts/#prices
Brent is currently trading at $107.93 per barrel, which is an increase of around 2.6x from the Trump times. That said, the Russian crude is trading at a very heavy discount. ESPO is currently trading at $85.66 per barrel, which is 21% lower when compared to the Brent prices. Sokol crude is currently trading at $89.87 per barrel. Once again, 17% lower when compared to Brent.
This is good news for importers of Russian crude, such as China and India. But at the same time, it shows the ineffectiveness of the sanctions. Russian crude is still being sold and the Europeans are importing crude from as far as Venezuela, increasing their own costs.
I also predicted that sanctions would not have a big impact on Russia, because they have big business friends from Asia. China and India are very willing to buy oil from Russia at bargain prices.
We're going to suffer the consequences of this war, potentially worse than Russia themselves, we'll have to get used to a long-term period of higher living costs.
it may have immediate impact on russia but they will recover. and the heavily affected of this rising of fuel prices are small consumers. it is almost doubled the price now in my area. maybe instead of using the car, just walk for short distances. lol at least exercise for us.
but on a serious note, i believe, we are already experiencing one of the effects of this war. and the prices may possibly go up more in the next coming months. but the salary is still the same. this is not fair...
Same situation here in our country Pakistan. The Price per liter is 151.5 Rupees/Ltr for refined and 105.6 Rupees/Ltr.
In last 2 years price of petroleum products dramatically increased and almost doubled here. And if things continue like this, It could even go 200 Rupees/Ltr.
The reason of petroleum product high coast is totally depends upon supply and demand. The more we consume petroleum, The more we need and in whole world there are only few major refinery companies witch are controlling the whole supply chain. And there is dire need of Gas and Oil in all countries. Its like a energy race going on and every country want more.
Situation in our country is not so good. Average peoples are mostly effected by high fuel price and barely managing daily routine.
In last 2 years price of petroleum products dramatically increased and almost doubled here. And if things continue like this, It could even go 200 Rupees/Ltr.
The reason of petroleum product high coast is totally depends upon supply and demand. The more we consume petroleum, The more we need and in whole world there are only few major refinery companies witch are controlling the whole supply chain. And there is dire need of Gas and Oil in all countries. Its like a energy race going on and every country want more.
Situation in our country is not so good. Average peoples are mostly effected by high fuel price and barely managing daily routine.
I just checked the real-time crude oil prices online:
https://oilprice.com/oil-price-charts/#prices
Brent is currently trading at $107.93 per barrel, which is an increase of around 2.6x from the Trump times. That said, the Russian crude is trading at a very heavy discount. ESPO is currently trading at $85.66 per barrel, which is 21% lower when compared to the Brent prices. Sokol crude is currently trading at $89.87 per barrel. Once again, 17% lower when compared to Brent.
This is good news for importers of Russian crude, such as China and India. But at the same time, it shows the ineffectiveness of the sanctions. Russian crude is still being sold and the Europeans are importing crude from as far as Venezuela, increasing their own costs.
I never liked the idea of sanctions, I was one of the first ones to point out their ineffectiveness, which will ultimately hurt Europe more than it will hurt Russia. As you've pointed out, Russia continues exporting oil to in other Asian countries, who are of course, willing to take advantage of the lower price.https://oilprice.com/oil-price-charts/#prices
Brent is currently trading at $107.93 per barrel, which is an increase of around 2.6x from the Trump times. That said, the Russian crude is trading at a very heavy discount. ESPO is currently trading at $85.66 per barrel, which is 21% lower when compared to the Brent prices. Sokol crude is currently trading at $89.87 per barrel. Once again, 17% lower when compared to Brent.
This is good news for importers of Russian crude, such as China and India. But at the same time, it shows the ineffectiveness of the sanctions. Russian crude is still being sold and the Europeans are importing crude from as far as Venezuela, increasing their own costs.
I also predicted that sanctions would not have a big impact on Russia, because they have big business friends from Asia. China and India are very willing to buy oil from Russia at bargain prices.
We're going to suffer the consequences of this war, potentially worse than Russia themselves, we'll have to get used to a long-term period of higher living costs.
I just checked the real-time crude oil prices online:
https://oilprice.com/oil-price-charts/#prices
Brent is currently trading at $107.93 per barrel, which is an increase of around 2.6x from the Trump times. That said, the Russian crude is trading at a very heavy discount. ESPO is currently trading at $85.66 per barrel, which is 21% lower when compared to the Brent prices. Sokol crude is currently trading at $89.87 per barrel. Once again, 17% lower when compared to Brent.
This is good news for importers of Russian crude, such as China and India. But at the same time, it shows the ineffectiveness of the sanctions. Russian crude is still being sold and the Europeans are importing crude from as far as Venezuela, increasing their own costs.
I never liked the idea of sanctions, I was one of the first ones to point out their ineffectiveness, which will ultimately hurt Europe more than it will hurt Russia. As you've pointed out, Russia continues exporting oil to in other Asian countries, who are of course, willing to take advantage of the lower price.https://oilprice.com/oil-price-charts/#prices
Brent is currently trading at $107.93 per barrel, which is an increase of around 2.6x from the Trump times. That said, the Russian crude is trading at a very heavy discount. ESPO is currently trading at $85.66 per barrel, which is 21% lower when compared to the Brent prices. Sokol crude is currently trading at $89.87 per barrel. Once again, 17% lower when compared to Brent.
This is good news for importers of Russian crude, such as China and India. But at the same time, it shows the ineffectiveness of the sanctions. Russian crude is still being sold and the Europeans are importing crude from as far as Venezuela, increasing their own costs.
I also predicted that sanctions would not have a big impact on Russia, because they have big business friends from Asia. China and India are very willing to buy oil from Russia at bargain prices.
I just checked the real-time crude oil prices online:
https://oilprice.com/oil-price-charts/#prices
Brent is currently trading at $107.93 per barrel, which is an increase of around 2.6x from the Trump times. That said, the Russian crude is trading at a very heavy discount. ESPO is currently trading at $85.66 per barrel, which is 21% lower when compared to the Brent prices. Sokol crude is currently trading at $89.87 per barrel. Once again, 17% lower when compared to Brent.
This is good news for importers of Russian crude, such as China and India. But at the same time, it shows the ineffectiveness of the sanctions. Russian crude is still being sold and the Europeans are importing crude from as far as Venezuela, increasing their own costs.
I never liked the idea of sanctions, I was one of the first ones to point out their ineffectiveness, which will ultimately hurt Europe more than it will hurt Russia. As you've pointed out, Russia continues exporting oil to in other Asian countries, who are of course, willing to take advantage of the lower price. https://oilprice.com/oil-price-charts/#prices
Brent is currently trading at $107.93 per barrel, which is an increase of around 2.6x from the Trump times. That said, the Russian crude is trading at a very heavy discount. ESPO is currently trading at $85.66 per barrel, which is 21% lower when compared to the Brent prices. Sokol crude is currently trading at $89.87 per barrel. Once again, 17% lower when compared to Brent.
This is good news for importers of Russian crude, such as China and India. But at the same time, it shows the ineffectiveness of the sanctions. Russian crude is still being sold and the Europeans are importing crude from as far as Venezuela, increasing their own costs.
I just checked the real-time crude oil prices online:
https://oilprice.com/oil-price-charts/#prices
Brent is currently trading at $107.93 per barrel, which is an increase of around 2.6x from the Trump times. That said, the Russian crude is trading at a very heavy discount. ESPO is currently trading at $85.66 per barrel, which is 21% lower when compared to the Brent prices. Sokol crude is currently trading at $89.87 per barrel. Once again, 17% lower when compared to Brent.
This is good news for importers of Russian crude, such as China and India. But at the same time, it shows the ineffectiveness of the sanctions. Russian crude is still being sold and the Europeans are importing crude from as far as Venezuela, increasing their own costs.
https://oilprice.com/oil-price-charts/#prices
Brent is currently trading at $107.93 per barrel, which is an increase of around 2.6x from the Trump times. That said, the Russian crude is trading at a very heavy discount. ESPO is currently trading at $85.66 per barrel, which is 21% lower when compared to the Brent prices. Sokol crude is currently trading at $89.87 per barrel. Once again, 17% lower when compared to Brent.
This is good news for importers of Russian crude, such as China and India. But at the same time, it shows the ineffectiveness of the sanctions. Russian crude is still being sold and the Europeans are importing crude from as far as Venezuela, increasing their own costs.
Each country has a greater restriction given the use of gasoline, especially those that have always imported gasoline, it is something normal, at the moment that Russia is blocking it, they have already made the decision not to buy Russian oil at least in the USA, and that It also affects gasoline, because gasoline is obtained from oil, and as the constant flow of oil in the world decreases, they have to depend on the Arab countries and some with high oil potential such as Venezuela, it currently surprises me how Biden is negotiating with Venezuela to guarantee the oil and therefore not suffer for it and intrinsically in Venezuela as gasoline is paid for with international tariffs, this means that the oil and gasoline business model in the world will become increasingly difficult, it will even become more expensive.
I wonder why the Americans are still tolerating this loser called Biden. When Trump was in power, the crude oil prices were hovering at around $40 per barrel. Since then the prices have risen by more than 200%. And the Russian invasion had only a small impact on this. The crude prices were already close to $100 per barrel, when Russia started its invasion. The real reason for the price rise is stupid policies from Biden, such as the termination of Keystone XL pipeline and prohibition of fracking in federal lands.
This is because of the economic sanctions that were given to Russia, but as a result, we are also suffering from the closing of those pipes. I think the war between Russia and Ukraine is the reason why the prices are higher now. If President Trump were still in office, I think Putin wouldn't be starting a war with Ukraine because he will also start a war with Russia. That is why Putin is really eager about this because he knows that it is only an economic sanction that biden will do
Oil prices are expected to be highly volatile, till the Ukrainian issue is resolved, which isn't going to happen anytime soon.
Then it is about time to buy a bicycle. Because I think Ukrainian-Russian conflict is not going to be settled this year. Even if the global war actions stops, it will always be small local skirmishes. Same that were after Crimea conflict. This seems like an endless conflict, were people dont even know or remember the reasons why it all started.
Current economical downtrend Russia is going to counter with high oil prices. I think 2022 will be the year when everyone will realize consequences if this war actions. Next year sides will figure out strategy to get business and development back. Several years it will take to rebuild, build own new business, get abroad contracts, or wait till current business who has abandoned Russian market, start to think to return. Maybe year 2025 and further will be the time when prices goes down.
Well, that's one more terrible year to go, I guess.
or even this pandemic would never end but looking at on the current situation on which we are really already recouping up on the bad situation that we do have in past years and slowly
this pandemic come to an end and we do have other issues and problems now about the War which do really affects out commodities like Fuel and other things which do really
make our living more worst.
I guess that eventually, we'll have to get used to a more expensive lifestyle.
In my country fuel price growth has stopped. They have increased for 25% in a short period of time. The prices has dropped few cents and gained sort of a stability. In my country excise tax influence greatly on fuel price, but I havent seen any changes or news in connection with tax concessions. I know that in some countries, government cover part of fuel price through excise tax reduction. What about prices in your countries?
In what country do you live? is the situation not really good on there? if yes then it's a must thing to do because people won't afford it anymore if they keep on increasing the price and what happens next is the business will collapse because they cannot get adequate customers anymore. A 25 percent increase over a short period of time is already too much but I think they have a reason with this and all people understand this already.The OP posted this last year where the price is already high even if there is no wars that time or sanctions but how much more now? I think the op can't believe his eyes the moment he saws that fuel price have sky rocketed once again.
Oil prices are expected to be highly volatile, till the Ukrainian issue is resolved, which isn't going to happen anytime soon.
Then it is about time to buy a bicycle. Because I think Ukrainian-Russian conflict is not going to be settled this year. Even if the global war actions stops, it will always be small local skirmishes. Same that were after Crimea conflict. This seems like an endless conflict, were people dont even know or remember the reasons why it all started.
Current economical downtrend Russia is going to counter with high oil prices. I think 2022 will be the year when everyone will realize consequences if this war actions. Next year sides will figure out strategy to get business and development back. Several years it will take to rebuild, build own new business, get abroad contracts, or wait till current business who has abandoned Russian market, start to think to return. Maybe year 2025 and further will be the time when prices goes down.
Well, that's one more terrible year to go, I guess.
or even this pandemic would never end but looking at on the current situation on which we are really already recouping up on the bad situation that we do have in past years and slowly
this pandemic come to an end and we do have other issues and problems now about the War which do really affects out commodities like Fuel and other things which do really
make our living more worst.
Oil prices are expected to be highly volatile, till the Ukrainian issue is resolved, which isn't going to happen anytime soon.
Then it is about time to buy a bicycle. Because I think Ukrainian-Russian conflict is not going to be settled this year. Even if the global war actions stops, it will always be small local skirmishes. Same that were after Crimea conflict. This seems like an endless conflict, were people dont even know or remember the reasons why it all started.
Current economical downtrend Russia is going to counter with high oil prices. I think 2022 will be the year when everyone will realize consequences if this war actions. Next year sides will figure out strategy to get business and development back. Several years it will take to rebuild, build own new business, get abroad contracts, or wait till current business who has abandoned Russian market, start to think to return. Maybe year 2025 and further will be the time when prices goes down.
Well, that's one more terrible year to go, I guess.
The Philippines is also experiencing pains in the growth of fuel prices. There are some organization who proposed to suspend excise tax for now, but the Philippine president declined. He said that cancelling the excise tax on fuel would mean big losses for the Philippine government to be able to pay their employees, service workers like the policemen, etc. But instead, he chose to give each poor family around $4.00 per month, which isn’t enough even for a 3rd world country.
On Monday, the city that I will live in will be having a 2-day transport strike which means all public utility vehicles aren’t gonna be on duty (e.g., jeepneys, tricycles, taxis, etc.) to cater the passengers during that day as a sign of protest in the increase of fuel and commodity prices. Good thing I didn’t sell my e-scooter which I only used it like 3 times but maintaining it by recharging every month, so I can use this when I am going to malls, etc.
On Monday, the city that I will live in will be having a 2-day transport strike which means all public utility vehicles aren’t gonna be on duty (e.g., jeepneys, tricycles, taxis, etc.) to cater the passengers during that day as a sign of protest in the increase of fuel and commodity prices. Good thing I didn’t sell my e-scooter which I only used it like 3 times but maintaining it by recharging every month, so I can use this when I am going to malls, etc.
Russia that invasion to Ukraine makes many countries worry so they do maximum stock, when a war occurs, many oil companies will reduce or stop operations so that they will make prices skyrocket. I'm sure the year now the price of oil will continue to rise because reports from many oil companies that decrease stocks decrease
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