Peter Frederick Way (7 August 1950 – 14 August 2020) was an English bassist. He was the co-founder and original bassist of the rock band UFO from 1968 to 1982; he briefly rejoined the band in 1988–1989 and full-time from 1991 to 2008. He was also a founding member of Waysted and Fastway and notably played with Michael Schenker Group and Ozzy Osbourne.