10p off fuel - Conservatives Promise

[Gargamel]

http://www.telegraph.co.uk/news/election-2010/7581...

Seems to be about right - especially if VAT is headed for 20% anyway

[Yeast Lord]

Serious banana peel paintwork going on with that beemer.

[dilbert]

Gargamel said:

http://www.telegraph.co.uk/news/election-2010/7581...

Seems to be about right - especially if VAT is headed for 20% anyway

That sounds appealing.... Can you say it again?

Edited by dilbert on Monday 12th April 14:04

[anonymous-user]

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

WTF is banana peel?

[JagLover]

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

As their spokesmen said it is a measure to stabilise petrol prices not neccesarily cut them (though the level at which they are stabilised could be below today's level).

[Puggit]

Repost:

http://pistonheads.com/gassing/topic.asp?h=0&f...

[MK4 Slowride]

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

WTF is banana peel?

It's the rippling effect you get from a dodgy re-spray. You can see it reflected just on the back offside corner of that Red BMW E92 (just to the left of the filling nozzle).

[emicen]

MK4 Slowride said:

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

WTF is banana peel?

It's the rippling effect you get from a dodgy re-spray. You can see it reflected just on the back offside corner of that Red BMW E92 (just to the left of the filling nozzle).

I always thought that was Orange peel, Banana skins are actually quite smooth?

[Yeast Lord]

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

WTF is banana peel?

I'm mistaken on the banana peel issue I think, so quick to jump the gun today.

[Esseesse]

MK4 Slowride said:

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

WTF is banana peel?

It's the rippling effect you get from a dodgy re-spray. You can see it reflected just on the back offside corner of that Red BMW E92 (just to the left of the filling nozzle).

Orange peel...

[Yeast Lord]

Esseesse said:

MK4 Slowride said:

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

WTF is banana peel?

It's the rippling effect you get from a dodgy re-spray. You can see it reflected just on the back offside corner of that Red BMW E92 (just to the left of the filling nozzle).

Orange peel...

Jesus orange peel, it's a Monday that's the excuse.

[anonymous-user]

Yeast Lord said:

Esseesse said:

MK4 Slowride said:

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

WTF is banana peel?

It's the rippling effect you get from a dodgy re-spray. You can see it reflected just on the back offside corner of that Red BMW E92 (just to the left of the filling nozzle).

Orange peel...

Jesus orange peel, it's a Monday that's the excuse.

Calm down

[V8mate]

JagLover said:

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

As their spokesmen said it is a measure to stabilise petrol prices not neccesarily cut them (though the level at which they are stabilised could be below today's level).

But it won't. Because rising petrol prices are not a result of rising oil prices; they (seem) to be a market-driven fluctuation. So if the government drops duty by 10p, the market will simply replace the discount.

[s2art]

V8mate said:

JagLover said:

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

As their spokesmen said it is a measure to stabilise petrol prices not neccesarily cut them (though the level at which they are stabilised could be below today's level).

But it won't. Because rising petrol prices are not a result of rising oil prices; they (seem) to be a market-driven fluctuation. So if the government drops duty by 10p, the market will simply replace the discount.

That is not obviously true, do you have anything to support that?

[V8mate]

s2art said:

V8mate said:

JagLover said:

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

As their spokesmen said it is a measure to stabilise petrol prices not neccesarily cut them (though the level at which they are stabilised could be below today's level).

But it won't. Because rising petrol prices are not a result of rising oil prices; they (seem) to be a market-driven fluctuation. So if the government drops duty by 10p, the market will simply replace the discount.

That is not obviously true, do you have anything to support that?

Not at all. Just that darned hunch

Why is it 'obviously' not true that price hedges are not driving the price? (Sincere question - I've already admitted that I'm not coming from a position of specific knowledge)

[s2art]

V8mate said:

s2art said:

V8mate said:

JagLover said:

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

As their spokesmen said it is a measure to stabilise petrol prices not neccesarily cut them (though the level at which they are stabilised could be below today's level).

But it won't. Because rising petrol prices are not a result of rising oil prices; they (seem) to be a market-driven fluctuation. So if the government drops duty by 10p, the market will simply replace the discount.

That is not obviously true, do you have anything to support that?

Not at all. Just that darned hunch

Why is it 'obviously' not true that price hedges are not driving the price? (Sincere question - I've already admitted that I'm not coming from a position of specific knowledge)

The price of petrol in the UK seems to follow the price of oil (in sterling terms) quite closely, after tax is taken into account. I dont doubt that the price of oil is determined by the market, but that is nothing to do with the Tory price stabiliser effort. Reducing the petrol pump price in the UK would have little effect on the oil price, which is determined by global actions. The UK just isnt a big enough a consumer to do that.

[V8mate]

s2art said:

V8mate said:

s2art said:

V8mate said:

JagLover said:

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

As their spokesmen said it is a measure to stabilise petrol prices not neccesarily cut them (though the level at which they are stabilised could be below today's level).

But it won't. Because rising petrol prices are not a result of rising oil prices; they (seem) to be a market-driven fluctuation. So if the government drops duty by 10p, the market will simply replace the discount.

That is not obviously true, do you have anything to support that?

Not at all. Just that darned hunch

Why is it 'obviously' not true that price hedges are not driving the price? (Sincere question - I've already admitted that I'm not coming from a position of specific knowledge)

The price of petrol in the UK seems to follow the price of oil (in sterling terms) quite closely, after tax is taken into account. I dont doubt that the price of oil is determined by the market, but that is nothing to do with the Tory price stabiliser effort. Reducing the petrol pump price in the UK would have little effect on the oil price, which is determined by global actions. The UK just isnt a big enough a consumer to do that.

But that was exactly my point. (Maybe we're agreeing with different words )

This isn't about oil, it's about petrol. So the Tory discount won't affect the oil price, it'll just tinker with the retail price. And if they do that, IMO, the market-makers will simply take up the slack created by the discount. Which means more wasted taxes.

[Poledriver]

s2art said:

The price of petrol in the UK seems to follow the price of oil (in sterling terms) quite closely, after tax is taken into account. I dont doubt that the price of oil is determined by the market, but that is nothing to do with the Tory price stabiliser effort. Reducing the petrol pump price in the UK would have little effect on the oil price, which is determined by global actions. The UK just isnt a big enough a consumer to do that.

Well in that case...Ban Priuseseses, G wizezezez and the like. Force everyone to buy TVR's and Range Rovers an drive like they stole them.
Then we can control the world's oil prices! sorted!

[s2art]

V8mate said:

s2art said:

V8mate said:

s2art said:

V8mate said:

JagLover said:

Dave_ST220 said:

"propose temporarily cutting fuel duty to protect motorists from the impact of rising oil prices. "

As their spokesmen said it is a measure to stabilise petrol prices not neccesarily cut them (though the level at which they are stabilised could be below today's level).

But it won't. Because rising petrol prices are not a result of rising oil prices; they (seem) to be a market-driven fluctuation. So if the government drops duty by 10p, the market will simply replace the discount.

That is not obviously true, do you have anything to support that?

Not at all. Just that darned hunch

Why is it 'obviously' not true that price hedges are not driving the price? (Sincere question - I've already admitted that I'm not coming from a position of specific knowledge)

The price of petrol in the UK seems to follow the price of oil (in sterling terms) quite closely, after tax is taken into account. I dont doubt that the price of oil is determined by the market, but that is nothing to do with the Tory price stabiliser effort. Reducing the petrol pump price in the UK would have little effect on the oil price, which is determined by global actions. The UK just isnt a big enough a consumer to do that.

But that was exactly my point. (Maybe we're agreeing with different words )

This isn't about oil, it's about petrol. So the Tory discount won't affect the oil price, it'll just tinker with the retail price. And if they do that, IMO, the market-makers will simply take up the slack created by the discount. Which means more wasted taxes.

And my point is that there is no evidence of that. Otherwise petrol prices in the UK would not track the oil price so well. There is sufficient competition in the UK market, and its a very mature one, that keeps it that way.

[s2art]

Poledriver said:

s2art said:

The price of petrol in the UK seems to follow the price of oil (in sterling terms) quite closely, after tax is taken into account. I dont doubt that the price of oil is determined by the market, but that is nothing to do with the Tory price stabiliser effort. Reducing the petrol pump price in the UK would have little effect on the oil price, which is determined by global actions. The UK just isnt a big enough a consumer to do that.

Well in that case...Ban Priuseseses, G wizezezez and the like. Force everyone to buy TVR's and Range Rovers an drive like they stole them.
Then we can control the world's oil prices! sorted!

Ambitious, but compared to the Yanks we just cant compete.