RE: Fuel Prices Hit Record High
Thursday 3rd January 2008
Remortgage house, then fill...The £5 gallon of petrol is on the horizon after it emerged crude oil soared through the $100-a-barrel mark last night.
Fuel Prices Hit Record High
Motorists facing ever increasing petrol bills in 2008
Remortgage house, then fill...
It is feared this could feed through into higher petrol prices and encourage inflation.
With petrol prices already out of control the new oil prices are likely to make the cost of driving even greater.
The record oil prices are being blamed on aggressive buying by speculators, a falling US dollar and cold weather in the Northern Hemisphere.
Average prices of £5-a-gallon at Britsh pumps are now feared in the coming year.
One report suggested the cost of an average visit to the pumps in Britain has risen by £7.36 since last year.
Fuel protesters have already been threatening action over prices and 2008 could see a return of mass demonstrations.
Campaigners are calling for the motorist to be taxed fairly and if prices continue protests are expected as early as Spring.
Discussion
dinkel said:
The funny thing is: I'm using RON 98 now.
It gives me better mpg and 'performance'.
Yanks are still paying 2 USD for a bloody gallon! That's almost what I pay for a litre . . . Crazy.
No they aren't.It gives me better mpg and 'performance'.
Yanks are still paying 2 USD for a bloody gallon! That's almost what I pay for a litre . . . Crazy.
It was nearly $4 in NYC last month. Still a bloody sight cheaper than wot we pay - robbing bastards
If you had prices sans duty and VAT pasted up everywhere, and then had it all totted up when you got to the till, duty, then VAT ontop, I think it'd be about a week until the whole country was protesting.
Keeping the true figure at the till obscure, keeps people happier. Imagine filling the car at the pump, and seeing £16 on the pump, then going inside and having £40 thrown ontop for duty and VAT!
Why the petrol stations don't do it is beyond me, it'd take pressure off THEM, and put the pressure on the government. People would see the governments cut, and see that petrol price changes were actually bugger all vs what the government takes, and increasingly takes in VAT!
Dave
Keeping the true figure at the till obscure, keeps people happier. Imagine filling the car at the pump, and seeing £16 on the pump, then going inside and having £40 thrown ontop for duty and VAT!
Why the petrol stations don't do it is beyond me, it'd take pressure off THEM, and put the pressure on the government. People would see the governments cut, and see that petrol price changes were actually bugger all vs what the government takes, and increasingly takes in VAT!
Dave
Plotloss said:
$3 roughly in Florida, varies by state, Georgia is usually the cheapest but it wont be much under $3
To put this in context, it was 98 cents a gallon in 2000.
Ouch - so a 300-400%+ rise in 7 years and were complaining about a rise from £0.65 - £1.03 a 58% rise want to run cheap economical cars then your going to be better off - Im sure someone will post this will not effect them they will carry on as usual but for most people the credit crunch may force people out of thirsty cars and that alone is worth the higher cost of debt.To put this in context, it was 98 cents a gallon in 2000.
mat205125 said:
What's the point in bombing the shite out of oil rich countries (whilst having a token gesture scout about for WMD in the name of the war on international terrorism 
) if we don't start bringing the stuff over here to feed our home market?
Even the increas in production from Iraq is not going to stop the rise in Oil prices. It might have slowed it a bit. But the demand is still high.) if we don't start bringing the stuff over here to feed our home market?Twincam16 said:
Still, as a mate of mine commented at a petrol station once, it's still cheaper than Coca-Cola.
someone said this to me the other day when i was complaining about fuel prices. . . . such a stupid comment I don't have to drink a gallon of Coca-Cola to get to work and back everyday
jagdpanther said:
Doesnt the combined cost of fuel duty and tax come to about 70% of what we're paying?
I think I read somewhere (probably on here) that without the goverment cramming a fat one up are funky pipe everytime we go to fill up, it should cost about 42p per litre?
I think I read somewhere (probably on here) that without the goverment cramming a fat one up are funky pipe everytime we go to fill up, it should cost about 42p per litre?
Shell UK said:
How can you justify such high prices at the pump here in Britain when Shell makes so much money?
Shell consistently offers the UK motorist extremely competitive prices in a fiercely competitive market. It is important to remember that, at current prices, the tax and duty element makes up some 80% of the price of a litre of unleaded; in fact, independent surveys have regularly shown that without the tax element UK fuel is among the cheapest in Europe.
http://www.shell.com/home/content/uk-en/shell_for_motorists/fuels/backgrndonukfuelprcs/petrolandprofits_05142004.html Shell consistently offers the UK motorist extremely competitive prices in a fiercely competitive market. It is important to remember that, at current prices, the tax and duty element makes up some 80% of the price of a litre of unleaded; in fact, independent surveys have regularly shown that without the tax element UK fuel is among the cheapest in Europe.
Graph from the BBC in 2005:
Graph from the BBC in 2007:
Edited by dublet on Thursday 3rd January 11:28
Mr Whippy said:
If you had prices sans duty and VAT pasted up everywhere, and then had it all totted up when you got to the till, duty, then VAT ontop, I think it'd be about a week until the whole country was protesting.
Keeping the true figure at the till obscure, keeps people happier. Imagine filling the car at the pump, and seeing £16 on the pump, then going inside and having £40 thrown ontop for duty and VAT!
Why the petrol stations don't do it is beyond me, it'd take pressure off THEM, and put the pressure on the government. People would see the governments cut, and see that petrol price changes were actually bugger all vs what the government takes, and increasingly takes in VAT!
Dave
I seem to remember from previous threads on this someone saying its illegal for the petrol stations to display the levels of tax.Keeping the true figure at the till obscure, keeps people happier. Imagine filling the car at the pump, and seeing £16 on the pump, then going inside and having £40 thrown ontop for duty and VAT!
Why the petrol stations don't do it is beyond me, it'd take pressure off THEM, and put the pressure on the government. People would see the governments cut, and see that petrol price changes were actually bugger all vs what the government takes, and increasingly takes in VAT!
Dave
jagdpanther said:
Doesnt the combined cost of fuel duty and tax come to about 70% of what we're paying?
I think I read somewhere (probably on here) that without the goverment cramming a fat one up are funky pipe everytime we go to fill up, it should cost about 42p per litre?
But its tax money - if it were cut on Fuel suddenly the Govt would have to raise Inxcome traxes significantly.I think I read somewhere (probably on here) that without the goverment cramming a fat one up are funky pipe everytime we go to fill up, it should cost about 42p per litre?
The whole point of fuel duty and VAT is that its an item that the user can choose to use or not, they can use smaller amounts if they wish or more their choice take that away and say you walked everywhere you would then be subsidising the tax a fuel guzzler would have been paying.
Also note the higher the fuel cost becomes it will at some point "force" people off the roads as they just cannot afford to travel that way anymore - HOWEVER the 9-10% rail fare rises today dont really help this at all and still the car even for 1 passenger is cheaper than using a Bus or a train.
The thing is though with the trains is that its now not Govt owned and is a commercial business they know demand is very high and for the time being they cannot satisfy the demand due to lack of trains/too short platforms and too much infrastructure work going on for near on the next decade means that they can hike the prices as freely as they wish - its a shame the regulator didnt set out maximum fare increases.
Whats the point of whinging on about it here but not doing anything proactive, it's high time we set some b*st*rds on fire and kick out this sh*tty government, I thought the labour party stood for the working masses but these b*st*rds just want to line their own pockets with our hard earned cash, I'm up for road blockages, protests whateva coz this thing is getting way beyond a joke now, highest fuel prices in the world (almost) and what do we get in return? sh*ttest road infrastructure in the western world.
F*ck the west, time to go East
F*ck the west, time to go East
Gassing Station | General Gassing [Archive] | Top of Page | What's New | My Stuff