+Doc+

106p per ltr at our local Tesco, cheaper with the 5p per ltr off vouchers.
Costs a fortune to drive to work at 18 miles per gallon, might cost caparison on buying a diesel

lordretsudo

I think you've misinterpreted my comments - I was trying to point out why the price of fuel at the pump hasn't risen even more, given the large increase in oil price (i.e. there's around a 10% reduction in real terms due to exchange rates).

I also work for an oil company, and fully understand why the price is high - I've posted about it several times previously in response to threads like this.

The biggest problem in the UK is down to the government IMO - duty on fuel is simply too high, especially given the lack of such on air traffic.

Marky9074

Ahh, Ok I get what your saying now my apologies..

I was just waiting for the 'five years ago the exchange rate was' comments like come up in the other threads....

Nicked from the other thread..

The Relationship Between Petrol and Oil Prices

stilover

Six year ago ..............





































I was Six years younger. And petrol was cheaper.

jockc79

well when there is a massive rise in petrol dont u think the government should lower the tax to keep the petrol the smae price. They could regulate the price that way, instead of the yo yo pricing that we have just now

20withascooby

nope u avent coz down here can get a certain petrol for £2.62 a litre of the pumps

lunar tick

iTrader: (2)

Or maybe a more plausible explanation is that working for an oil company, you're rather well off and fail to understand that rapidly increasing fuel costs are a real financial burden for some less fortunate than yourself.

jockc79

well done buddy you have hit the nail on the head. The old story look after the rich and tax the poor. The government has being doing that for years

Marky9074

Unfortunately not, no! I don't work directly for the oil company, I work on behalf of them ('for' them rather than for them), and as such get screwed by them as much as anyone else. And your assumptions are unfounded.

The oil and gas industry is very fickle, and I have been made redundant twice in the last ten years, once with complete loss of pension etc. They are VERY quick to drop you once things are on a downward slide (every four - five years roughly)....

I don't really see why I have to justify explaining this to you, and as someone has already pointed out 65p in the litre is tax. The only reason is has become an obsession for some of you is because it has gone over the £1/ltr mark.

As far as working in the oil and gas industry is concerned, day rates have yet to pass those which were set in the eighties, and then nosedived. They are getting closer though.

Someone else posted on one of the other threads the relationship of cost of fuel through the decades which showed that the price of fuel (relatively) has gone down, not up. Have to dig that out...

The point of my original comments was that it 'could' be a lot worse.... which is something that seems to have been lost here.

Marky9074

How does that work then? Explain.

jockc79

if u watched the last budget the people that came out worse was your average single person living alone earning roughly 13k a year. single mothers and those who dont bother working all got extra benefits. If you have family they give you all sorts of working and child tax credits. The average person who works for a living with no children is hammered.

Marky9074

I'm sorry you have genuinely lost me. What has tax credits and benefits got to do with the price of fuel?

Marky9074

As you can see from the comparisons, fuel tax has increased substantially since Labour come in to power.

Fuel Tax - PetrolPrices.com

Below is the price of oil over the years.

http://www.wtrg.com/oil_graphs/oilprice1970.gif

jockc79

i was just talking generally the government seems to tax the poor and help the rich stay rich.

i dont blame oil companies for the cost of petrol i blame the amount of tax that the government puts on it. they are ripping us off, and when ever anyone complains they shift the blame to the oil companies and hope no one notices all the tax that they are taking. i say bring back the blockades to at least show our feeling about the prices instead of just putting up with it

jockc79

if they just dropped the tax a bit to give us reasonible priced fuel. they could move the tax up and down to give us a constant rate for petrol say 80 pence a litre is more than fair

Marky9074

Yeah, your right there. Trouble is if they increase the tax on the 'rich' they (the rich) will just go offshore or loophole, and the net effect being that the Government actually recovers less.....

Around the World in 80 ideas

And as someone has said on the other thread, as long as home-owners house prices are going up by 20k a year, they are not likely to protest about a few pence in fuel duty or vote elsewhere

95blackWRX

yeah the rich can afford accountants who know the loopholes, so they end up paying less tax than a guy earning less than half there wage. its the same as the hike in road tax it is us who suffer. Lets face it if u can afford a 60k land rover u can afford 400 road tax. But we have to pay more tax because we have a 2.0l and not an electric milkfloat.

Marky9074

Saying that though if fuel escalation had continued under Tory rule then @3% above inflation we would be at £1.20/ltr tax.....eeek!!

At least Labour rule has kept it relatively stable....

95blackWRX

Just getting sick of the government. I was already just surviving due to the house prices plus the crazy amounts they want for council tax. then the fuel prices go up, and make me about 50 quid a month worse off. i am 7 quid more to fill up a tank. and i go through about one a half tanks a week to go to work and uni.

95blackWRX

if you notice tho they never mention the tax on fuel they just blame oil companies.

But look at america they were at war with the oil suppying countries yet they still pay for a gallon what we pay for a litre

Stretch202

The reason why the suggest has been made to avoid filling up for a few days is that the goverment receive the duty on a daily basis rather than a monthly basis and rely heavily on this daily cash flow. By not filling up for 2-3 days then the goverment will lose quite a substantial amunt of money.

Hit them in their pockets and not ours!

jods

Make it £2.00 a litre !

Get all the **** tips off the roads.

dunx

iTrader: (3)

If you voted them in it's your fault....

Dunx

martyrobertsdj

iTrader: (1)

One thing I don't understand........the price of oil goes up (barrel price), so thecompanies getting the stuff out of the ground make more money...this is good for my industry....offshore services.....and allows the oil comapnies to spend more cash on getting even more of the stuff out of the ground.

However.........the exploration/production companies include Shell, BP, Texaco, Exxon Mobil, etc, etc......these companies alsoacualy produce and sell petrol......so.......

Why does Shell petrol go up in price when Shell are actually making more money to start with on the raw material required for petrol?? Crude oil costs more to buy, so petrol costs more to make, but they are making it with their own oil.

WTF??

I remember the country being up in arms at a £2.00 gallon.......tempus fugit eh??

andythejock01wrx

Damn, I paid 107.9p/litre today !

jockc79

you are clearly an idiot

what would scooby do

Nope, that's what the congestion charge does in London. No more nurses etc driving to work in old fiestas. Roads are clear for the rich folks to swan around in Ferraris, Porsches and Maybachs etc

The great unwashed now cycle, walk, tube or bus in to work..

what would scooby do

p.s. unleaded 98.9 in London

jockc79

you are not worth bothering with

Fantom

How do you think people survived before the invention of the motor car? You need to realise you do not NEED to drive a car to work. Obviously some people would have to, especially if their job involves driving, but the average lazy **** could easily walk/cycle/bus/train it to work. The ONLY way to reduce to price of petrol is to stop buying it. The government aren't just going to reduce tax on it. Certainly not by much anyway. I don't care how little oil companies make from the pump price, they still report huge profits and therefore could afford to reduce the price. I remember reading last year that shells profit was £17billion.
Anyway, back to the point - its supply and demand. If people in mass majority stopped buying so much petrol, the price would have to come down.
Now if you keep buying it cos you're a lazy ****, then it obviously isn't too expensive is it, and you are proof of that cos you keep going back for more. You need to understand that you have a CHOICE of whether you buy petrol or not.

Regards