Fuel Prices near me
Discussion
007 VXR said:
I SHOULD be about this now 
How come?88.1p per litre is duty and VAT (based on 132 ppl)
Oil has fallen about 40%, so stripping fuel duty out and then applying the 40% drop, then VAT means that it should be around 110p*
* based on my back of envelope calculations.
Edited by dapearson on Tuesday 16th December 08:57
Oil has fallen below $60 now.
Funnily enough, I had a yes voting mate last night moan at the prices and how it was the governments fault, till a couple of is put up articles about the shale oil in the US.
Typical bitter bellend, sees the doom in anything positive.
Ah well, I have 1/3rd of a tank left so it should be below the £100 full up by the time im needing diesel.
Funnily enough, I had a yes voting mate last night moan at the prices and how it was the governments fault, till a couple of is put up articles about the shale oil in the US.
Typical bitter bellend, sees the doom in anything positive.
Ah well, I have 1/3rd of a tank left so it should be below the £100 full up by the time im needing diesel.
Dracoro said:
skyrover said:
Fuel duty has been whacked right up since the last time oil was this low.
No 99p petrol for us
Oil was last about $60 a barrel in 2005.No 99p petrol for us
Duty then was 50p. It's not 58p so hardly "whacked right up".....
So, it is possible it will get to 99p but I would say it is unlikely, depends whether the protaganists want, or can weather a price war that is below cost, depends on their costs as well, the Saudis just pump it out of the ground where the Americans, for the oil sands have to do a lot more.
Walford said:
Dracoro said:
skyrover said:
Fuel duty has been whacked right up since the last time oil was this low.
No 99p petrol for us
Oil was last about $60 a barrel in 2005.No 99p petrol for us
Duty then was 50p. It's not 58p so hardly "whacked right up".....
and business rates
extra legislation costs
Incidentally, other than VAT being 20% rather than 17.5%, what examples increases in business rates and "extra legislation costs" have there been that affect the cost of fuel are there?
Jimbeaux said:
How long before someone in government dreams up a new fuel tax, thinking that since prices are lower, the consumer can withstand it?
No need... they will simply re-introduce the fuel duty escalatorhttp://en.wikipedia.org/wiki/Fuel_Price_Escalator
skyrover said:
Jimbeaux said:
How long before someone in government dreams up a new fuel tax, thinking that since prices are lower, the consumer can withstand it?
No need... they will simply re-introduce the fuel duty escalatorhttp://en.wikipedia.org/wiki/Fuel_Price_Escalator
ruff'n'smov said:
Polarbert said:
43 pence a litre here in California. :getscoat:
+ free healthcare.......swings n roundabouts, Hank.Got diesel at 117.7 in Leeds then saw it at 144.9 on the Holloway Rd..WTF
Edited by ruff'n'smov on Tuesday 16th December 08:20
Not read all 10 pages so this may have been mentioned but many cars in the US get around 20mpg due to an almost unrepentent desire for an 'automatic', coupled with large engines and eleventybillion stop signs. I get 60mpg out of my car so if our fuel is 3 times the price would it not work out around the same? As cars in the UK are generally far more economic than our Chevy/Dodge counterparts, I suspect the cost gap is not as great as it may seem.
Regarding the US becoming less dependent on foreign oil, its true. They now have a natural gas surplus due to fracking and oil is going the same way. The UK has a good chance of doing the same if the necessary legislation is passed but I think we are being quite cautious over here due to 1. The Nanny State and 2. The various issues that some US communities have faced due to nearby fracking.
Regarding the US becoming less dependent on foreign oil, its true. They now have a natural gas surplus due to fracking and oil is going the same way. The UK has a good chance of doing the same if the necessary legislation is passed but I think we are being quite cautious over here due to 1. The Nanny State and 2. The various issues that some US communities have faced due to nearby fracking.
Cemesis said:
Not read all 10 pages so this may have been mentioned but many cars in the US get around 20mpg due to an almost unrepentent desire for an 'automatic', coupled with large engines and eleventybillion stop signs. I get 60mpg out of my car so if our fuel is 3 times the price would it not work out around the same? As cars in the UK are generally far more economic than our Chevy/Dodge counterparts, I suspect the cost gap is not as great as it may seem.
Regarding the US becoming less dependent on foreign oil, its true. They now have a natural gas surplus due to fracking and oil is going the same way. The UK has a good chance of doing the same if the necessary legislation is passed but I think we are being quite cautious over here due to 1. The Nanny State and 2. The various issues that some US communities have faced due to nearby fracking.
All valid points. Regarding the US becoming less dependent on foreign oil, its true. They now have a natural gas surplus due to fracking and oil is going the same way. The UK has a good chance of doing the same if the necessary legislation is passed but I think we are being quite cautious over here due to 1. The Nanny State and 2. The various issues that some US communities have faced due to nearby fracking.
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