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date: Wed, 02 Jul 2008 16:40:49 GMT,
group: uk.transport
back
past petrol prices - is it really that expensive now?
Among a box of old papers and other junk, I dug (sorry, should
that be doug?) out an old petrol receipt from 1987. It was 29.32
litres of 4-star, which makes it 37.5 p per litre.
So in 21 years, the price is a little more that trebled. Compared
to other things (OK, excluding tech.) that doesn't sound too bad.
--
. Pete Lynch I have learned from my mistakes and
. Marlow ... I am sure I can repeat them exactly
. www.pete-lynch.com --- Peter Cooke.
date: Wed, 02 Jul 2008 16:40:49 GMT
author: Peter Lynch l
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Re: past petrol prices - is it really that expensive now?
"Peter Lynch" <pete@freyr.local> wrote in message
news:slrng6nbts.i42.pete@freyr.local...
> Among a box of old papers and other junk, I dug (sorry, should
> that be doug?) out an old petrol receipt from 1987. It was 29.32
> litres of 4-star, which makes it 37.5 p per litre.
> So in 21 years, the price is a little more that trebled. Compared
> to other things (OK, excluding tech.) that doesn't sound too bad.
http://www.thisismoney.co.uk/historic-inflation-calculator suggests that
37.5p at 1987 prices would be worth 75.4 p at today's prices - an increase
of (75.4-37.5)/37.5 = 101% as opposed to the actual increase of
(120-37.5)/37.5 = 220% (I think petrol is about 120p - I used diesel so
that's the price I know better).
Diesel has probably gone up by a greater factor. I think in the late 80s
diesel was still a bit cheaper than petrol and now it's more expensive -
typically 130p. Still, running my diesel car (Peugeot 306 2 litre - 50 mpg)
is cheaper than my older petrol car (VW Golf 1.8 litre - 37 mpg).
date: Wed, 2 Jul 2008 17:55:51 +0100
author: Mortimer
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Re: past petrol prices - is it really that expensive now?
Yes, look at the price this time last year then again this year. The problem
hasn't been a steady inflation but the massive hike over a short term.
date: Wed, 2 Jul 2008 18:52:03 +0100
author: Depresion 127.0.0.1
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