How long until diesel prices return to January prices?
Posted by PowerDrivenRdditMod@reddit | AskUK | View on Reddit | 18 comments
How soon can we expect diesel prices to come down, and what is the “standard” price we will be able to expect? Will it reach £1.40 like before, or is the new normal £1.90 or so per litre?
Can we expect a decline in the next month or two?
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CrackheadDonnaM40@reddit
We don't know what to expect at this stage.
The longer the war in Iran continues and the Strait of Hormuz is closed, the worse that prices get at the pumps. That's because there's a global shortage of supply, and of course 'supply and demand' comes to play. The inverse is true in that if the strait is opened, we should see prices fall, but much more slowly.
But the key difference is, the longer the war continues, the longer the strait is closed, the more aggressive the change in price for fuel, trending upwards. When the war ends, and the strait is open, it takes time for ships to get through and for it to return back to 'normality', the less aggressive the change in price for fuel, trending downwards. Partly because of 'supply and demand', partly because oil barrels are bought at a higher price and therefore have to be sold at a higher price to make profit, but also partly because companies can profit in that intervening period when prices do fall but the public are now 'expecting' to pay that much at the pumps.
I'd like to think the immense pressure on the US to sort this mess out that they started would mean the war ends sooner rather than later. Who knows if the strait will stay open or this ceasefire holds. We'll have to put up with these prices for longer than the next few weeks that's for sure.
Ok-Dress-341@reddit
Going from heating oil prices diesel hasn't peaked yet
opinionated7onion@reddit
They wont go down to what they were before.
UnfathomableDave@reddit
It’ll be months
Psimo-@reddit
“Stores forget to lower prices that they had to raise due to supply issues”
So, never.
realmattyr@reddit
Will bet it doesn’t shoot down as quickly as it shot up.
Fluff-Dragon@reddit
July 3rd 2026 at 11:23:07
Danshep101@reddit
2027?
Chopsticks_Charlie@reddit
Hahaha got much worse to come
brownerboy96@reddit
Mods are having a field day deleting these posts.
ChefGrouchy8538@reddit
I pass my test a month ago and THIS happens 🙃
HawkwardGames@reddit
So you passed a month ago, meaning this is your normal. Brilliant insight.
fgalv@reddit
Bold of you to assume this war is anything approaching over. This “ceasefire” could collapse at any second and oil prices would rocket again.
External-Piccolo-626@reddit
Is this the 15th or 16th time this has been posted this morning?
Venomnight@reddit
Its about the profit margin of the fat cats, they know people will pay because they need fuel so why lower prices
ungodlypickle@reddit
Likely a long time since the fast cats at the top already rose them while they still had reserves based on lower prices . So they not going to lower then much at all any time soon .
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