I just had an interesting thought.
As petrol prices generally increase over time, could one offset this escalating cost through buying it now and storing it?
I drive 6-7000 miles a year. So, in 2 years I drive about 13000 miles. At an average of 35mpg, that is 371 gallons, or 1687 litres.
If I had bought those 2 years of petrol 2 years ago, it would have cost me 76.2 pence per litre (according to the AA). So, that is £1285.49, assuming it costs the same as the forecourt price, delivered to my home.
However, buying it 42 litres at a time, filling up 1.67 times per month, would mean I would be paying more as the fuel costs escalate.
But let's take a worse-case. Assume I paid for all that fuel at 2005 prices. That would be 85.9p per litre at today's prices. So, that would be a cost of £1449.13.
A difference of £163.64. In real terms it is probably closer to £80, as the prices are hiked over time.
Is it possible to buy a 1.7m³ tank and pump, and install them underground, and pay whatever licence fees are required for around £80?
And do you get a discount if you buy bulk?
Of course, if you are a professional driver then you could possibly make this method pay, however you probably have access to special filling stations at the depot already.
As petrol prices generally increase over time, could one offset this escalating cost through buying it now and storing it?
I drive 6-7000 miles a year. So, in 2 years I drive about 13000 miles. At an average of 35mpg, that is 371 gallons, or 1687 litres.
If I had bought those 2 years of petrol 2 years ago, it would have cost me 76.2 pence per litre (according to the AA). So, that is £1285.49, assuming it costs the same as the forecourt price, delivered to my home.
However, buying it 42 litres at a time, filling up 1.67 times per month, would mean I would be paying more as the fuel costs escalate.
But let's take a worse-case. Assume I paid for all that fuel at 2005 prices. That would be 85.9p per litre at today's prices. So, that would be a cost of £1449.13.
A difference of £163.64. In real terms it is probably closer to £80, as the prices are hiked over time.
Is it possible to buy a 1.7m³ tank and pump, and install them underground, and pay whatever licence fees are required for around £80?
And do you get a discount if you buy bulk?Of course, if you are a professional driver then you could possibly make this method pay, however you probably have access to special filling stations at the depot already.
