Author Topic: Petrol prices (Read 20523 times)

Exupnut · « **Reply #100 on:** 21 December 2014, 09:25:51 pm »

It has... But it does make good readin ....NA NA Na na naaaaa :-)

Hedgetrimmer · « **Reply #101 on:** 21 December 2014, 09:55:29 pm »

Quote from: Exupnut on 21 December 2014, 09:25:51 pm

It has... But it does make good readin ....NA NA Na na naaaaa :-)

Once you get past all the boring political shite and in to the brilliant nonsense stuff it does.

noggythenog · « **Reply #102 on:** 21 December 2014, 10:16:24 pm »

If petrol gets any cheaper i might start foccin drinking it

They'll be selling it LIDL next to the Wienerschnitzels.

Actually soon they'll be able to sell it in Poundland.

Doddsie will go to the pump and turn away thinking he's still pissed.

Red will will wake up and think he's back in his youth in the 30's.

& Christo still wont be able to afford it.

Exupnut · « **Reply #103 on:** 21 December 2014, 10:21:00 pm »

Oh my god ....a pissed ferengi...can't think of anyfin worse....except a pissed granny....help me out here Mr Red...

lew600fazer · « **Reply #104 on:** 22 December 2014, 09:16:00 am »

Still rip off Britain them , just filled up for €1.03 a ltr diesel in Bordeaux.

keithfzs1000 · « **Reply #105 on:** 22 December 2014, 09:31:20 am »

ermm hello petrol prices are tumbling lol £1.11 at moment

lew600fazer · « **Reply #106 on:** 22 December 2014, 10:41:15 pm »

Getting better €.99 cents today at a Super U for diesel near Saint Emilion France.

Millietant · « **Reply #107 on:** 04 January 2015, 11:17:07 pm »

In Connecticut this summer, petrol was over $4 a gallon; at Christmas it was $2.65 a gallon - that means a 33% reduction in the pump prices.

Looking at diesel in the UK (only because we run diesel cars, so I notice the price), I'm now seeing/buying it at £1.19 a litre. With the best will in the world it's only come down by £0.15 per litre since the summer - only an 11% reduction.

We're being ripped off here again compared to the rest of the world and as crude prices are basically half what they were in the summer, someone in the middle is making more money than before - if it's not the oil producers and it's not the government (taxes haven't increased), it must be the oil wholesalers. AND who are they, oh! they're owned by the oil producers, what a surprise.

We've been softened up by years of even bigger rip-off's, so now we're all happy about getting ripped-off just a little bit less - rather than demanding that we're treated as fairly as the rest of the world (the one outside of "Europe").

Still not happy that diesel isn't below £1 a litre and petrol isn't around £0.90 a litre !!

bri h · « **Reply #108 on:** 05 January 2015, 09:55:08 am »

hey red do you think they will go back to putting the price in gallons again?

Robbie8666 · « **Reply #109 on:** 05 January 2015, 03:20:15 pm »

they wont go back to £/Gallon as it will show how big the differences betwen petrol sations are!
a 2p/litre difference is 9p/Gallon n would put many punters off!
(plus the cost of changing all the pumps!!)

red98 · « **Reply #110 on:** 05 January 2015, 06:28:20 pm »

I still convert to gallons when buying and working out mpg...

...agree with robbie about garages not changing back

bri h · « **Reply #111 on:** 05 January 2015, 08:09:26 pm »

I think they'll be to embarrassed by the prices.

lew600fazer · « **Reply #112 on:** 05 January 2015, 11:45:39 pm »

Quote from: Robbie8666 on 05 January 2015, 03:20:15 pm

they wont go back to £/Gallon as it will show how big the differences betwen petrol sations are!
a 2p/litre difference is 9p/Gallon n would put many punters off!
(plus the cost of changing all the pumps!!)

Digital pumps done in a tick

BBROWN1664 · « **Reply #113 on:** 06 January 2015, 10:08:56 am »

Quote

Digital pumps done in a tick

The price displayed on the pump yes, but then you still need to go out to each pump and change the front panel labels to show £/Gallon . The measuring engine/cost calculator for the pump will then need to be updated or it will charge you the £/gallon for every litre dispensed making fuel even more expensive!

lew600fazer · « **Reply #114 on:** 06 January 2015, 10:29:02 am »

Ah!!! but if we change the pumps to read gallons , surely that will upset our friends in Brussels lol.

BBROWN1664 · « **Reply #115 on:** 06 January 2015, 10:33:47 am »

I didn't say I didn't agree with changing them, just that its not as simple as you intimated

ChristoT · « **Reply #116 on:** 06 January 2015, 11:23:23 am »

The main problem with fuel is the horrific amount the government take from every litre. Fuel could be well cheap if the fuel duty was curbed. Foccin' theft, I tells ya!

BBROWN1664 · « **Reply #117 on:** 06 January 2015, 01:00:07 pm »

Another consideration is the fact that the government charge VAT on fuel in addition to the fuel duty so you pay tax on the tax.

Frosties · « **Reply #118 on:** 06 January 2015, 01:13:17 pm »

Quote from: BBROWN1664 on 06 January 2015, 01:00:07 pm

Another consideration is the fact that the government charge VAT on fuel in addition to the fuel duty so you pay tax on the tax.

So that would on top of the tax you've already ~~had stolen~~ paid on your earnings to get the £5 in your pocket in the first place.

BBROWN1664 · « **Reply #119 on:** 06 January 2015, 01:30:09 pm »

lew600fazer · « **Reply #120 on:** 06 January 2015, 02:24:16 pm »

It is the governments job to take every penny it can from it's citizens. How else can they all swill from the trough, award themselves a big pay rise while they tell the rest of us we must accept below inflation pay rises.

I will make a forecast whoever wins the next general election will use the low cost of crude oil to hike the duty on fuel, no matter what any party says in their manifesto. Also bet they will not change there duty free bar in the houses of parliment.

mtread · « **Reply #121 on:** 06 January 2015, 02:40:18 pm »

Fuel Duty, plus the VAT on the Fuel Duty element comes to 69.5p per litre. With Petrol at (say) 110p per litre that leaves 40.5p difference. But that also includes a 20% VAT element, so the fuel company's take is 33.75p. That of course includes production, distribution etc.
With the price of crude now down to $55 a barrell (159 litres), that's 22.6p per litre. So margins are tight.
However, two things to think of:
With the tax on diesel being the same as petrol, why are they charging an extra 10p per litre - an extra 100% profit on the difference between the crude price and the fuel company's take? Diesel is either the same price or much cheaper in Europe.
Why do we get aviation fuel surcharges on flights when the oil price goes up, but not refunds when it comes down ?

lew600fazer · « **Reply #122 on:** 06 January 2015, 02:45:45 pm »

Here on the costa blanca I am paying €1.07 a ltr for deisel for the car and €1.14 for 95 ron unleaded for the bike that was a couple of days ago.

Exupnut · « **Reply #123 on:** 06 January 2015, 04:11:39 pm »

Fudnut

Millietant · « **Reply #124 on:** 06 January 2015, 09:17:14 pm »

Quote from: mtread on 06 January 2015, 02:40:18 pm

Fuel Duty, plus the VAT on the Fuel Duty element comes to 69.5p per litre. With Petrol at (say) 110p per litre that leaves 40.5p difference. But that also includes a 20% VAT element, so the fuel company's take is 33.75p. That of course includes production, distribution etc.
With the price of crude now down to $55 a barrell (159 litres), that's 22.6p per litre. So margins are tight.
However, two things to think of:
With the tax on diesel being the same as petrol, why are they charging an extra 10p per litre - an extra 100% profit on the difference between the crude price and the fuel company's take? Diesel is either the same price or much cheaper in Europe.
Why do we get aviation fuel surcharges on flights when the oil price goes up, but not refunds when it comes down ?

If the companies take is 34 ppl and the fuel is costing 23 ppl, that means they're taking a 50% margin (11p margin on a 23p cost) on petrol and almost a 100% (21p on 23p cost) margin on diesel. Those don't look like tight margins to me - especially considering the HUGE volumes sold every day.