When writing this week’s (late!) DomSez, I considered doing something about petrol. The fact is, however, that there isn’t a lot to say. If there’s high demand, and low supply, the price will be high. Just like anything else. It may be ‘ridiculous’ to you that you have to pay £1 a litre, or whatever, but that’s the price the market will reach.
“But what about petrol duty?”
Yes – of course that’s true. But the underlying problem is that the cost of oil is rising because we’re going to run out of oil. And there’s nothing anyone can do about that in the long term. Apart from maybe buying a bicycle. We’ve got it easy at the moment, the government can reduce duty as a temporary reprieve. See you in 30 years…
(Oh, and hoarding petrol is, of course, counter productive. But if anyone is hoarding a perpetual motion generator, that’d be very nice to have.)
Edit – does road charging, instead of fuel duty, look so stupid now?