Hmm, the idiot below us just bought a Hummer (bright yellow at that!). I wonder how he's coping with filling that monster up
This is the real shame. Someone who can afford a Hummer (unless they're REALLY running up some credit card debt) will most likely not be affected by price rises no matter how high it goes. If they can shell out $60-100,000 for a vehicle I'm sure they won't be too bothered by $4/gallon gas. Meanwhile, those struggling to get by who have to drive to work really have to scrimp and save.
One thing I would say about petrol price rises is that they have hardly moved compared to the US. I understand the average price in the US was somewhere around $1.80 a year ago, now it's about $2.70 on average, 90 cents is a big jump in one year.
The average price around here has gone from, perhaps, 85 pence to 90 pence/litre, maybe about 30 cents/gallon. Granted, prices have always been higher in the UK and always will be but people are just used to that.
We have 2 cars although the 2nd car only gets about 2,000 miles/year put on it. I'm a bit worried about the coming year now that I'll be working in Fleet and driving about 1 hour each way to work but overall, a majority of people, especially those in or near cities just drive less than Americans. There's just a lot more space in America so people have to drive further in general. If someone in Britain is driving a lot for work, they often have company cars or are going to multiple client sites or the like and the company may pay for part or all of their travel anyway.
The last big difference is octane in petrol. The average in the States is 87 but here it is 95. When you look at regular vs premium in the States it's generally 87-93 with perhaps a 20 cent/gallon difference. So people in the UK are probably having to pay at least 25 cents/gallon more purely because of that. With cars only generally needing services every 10,000 miles it probably prolongs the life of the car or at least causes fewer problems due to the higher purity of the petrol (I'm guessing, I'm not an expert on this!)
Matt