| $ vs £ vs oil/petrol
Posted: 10/27/2007 2:01:14 PM | When the GBP is at an all time high against the USD and crude oil is bought/sold in USD why are we being ripped off at the fuel pumps.
They can no longer use the justification that "the cost of crude is high" so the extra cost is passed on to us so they can protect their massive profits.
So why has the price jumped yet again---pure greed if you ask me...and as usual we are the chumps.
I am following the recent publisesed suggestion to boycot the main players and am going out of my way to buy from a supermarket.
Discuss | |
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| $ vs £ vs oil/petrol
Posted: 10/27/2007 2:10:39 PM | Its too strange to comprehend why or how we get charged so highly for petrol and diesel. The other day ALL of the pumps that are used for unleaded in my local garage were out of use, i had to use the high grade petrol that is £1.06 per litre... FOOKIN p1sstake isnt it!!
I only went there as i was on the red and didnt have the time to go to asdas to fill up that morning. I always use Asdas for my fuel, its much cheaper than any petrol station and cheaper than the other supermarkets for fuel as well. | |
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| $ vs £ vs oil/petrol
Posted: 10/27/2007 2:12:39 PM | | I don't see the problem. I always fill up with £10 worth and i've never been charged any extra. | |
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| $ vs £ vs oil/petrol
Posted: 10/27/2007 3:31:33 PM | Mostly tax yes, in 2005 , tax on unleaded was 69.9%, on diesel is was 67.3%.
It is in dollars per barrel because that's what OPEC and the US wanted years ago. And the US is the power in the Middle East. Though there are rumours that Iran wants to break away from the dollar and price it's oil in Euros. | |
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| $ vs £ vs oil/petrol
Posted: 10/27/2007 3:39:03 PM |
When the GBP is at an all time high against the USD and crude oil is bought/sold in USD why are we being ripped off at the fuel pumps.
Because it's primarily all tax?
But putting that aside,a barrel is currently around $90 instead of the $25 it was some time ago - not far off four times as much, so how exactly can they not use the justification that the cost of crude is high...?
I am following the recent publisesed suggestion to boycot the main players and am going out of my way to buy from a supermarket.
Okaaaaay.
And where exactly do you think the supermarkets buy their petrol from? | |
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| $ vs £ vs oil/petrol
Posted: 10/27/2007 3:42:37 PM | | I always buy fuel from supermarkets, can't resist the loyalty points. I was in Devon recently and was overjoyed to see a sign saying low price fuel just as my light was glaring and shouting "ha ha call recovery now", only to find I hadn't only bought a tank of fuel but the entire garage. £1.02 a litre, outrageous, just need to find out how to run my car on cooking oil now | |
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| $ vs £ vs oil/petrol
Posted: 10/27/2007 4:07:01 PM | You don't have to do owt. Just fill it up...but word of warning, don't tell the police, because in this country you're not allowed to try and bypass the high tax duty!!!
http://news.bbc.co.uk/1/hi/wales/2312521.stm | |
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| $ vs £ vs oil/petrol
Posted: 10/28/2007 6:58:26 AM | just need to find out how to run my car on cooking oil now fill it up...but word of warning, don't tell the police, because in this country you're not allowed to try and bypass the high tax duty!!! http://news.bbc.co.uk/1/hi/wales/2312521.stm
Easily bypassed. Paying duty on alternative fuel sources such as that is done retroactively. That is, you keep records whilst you use the fuel, then pay the tax at later date. As such, all you need to do is maintain an appropriate set of records and start from scratch every so often, say monthly. Keep these records in your car and if you are ever challenged over it, you have proof that you are using the fuel with the intention of paying tax on it.
One driver, who did not want to be named, said: "I've halved my motoring costs since I started running my diesel Subaru on cooking oil.
Hmm, not surprised he didn't want to be named - they have never made a Subaru Diesel (The first one is set to arrive next year).
Guess the reporting journalism on that page wasn't completely made up then. Much. | |
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| $ vs £ vs oil/petrol
Posted: 10/28/2007 9:55:36 AM |
Easily bypassed. Paying duty on alternative fuel sources such as that is done retroactively. That is, you keep records whilst you use the fuel, then pay the tax at later date. As such, all you need to do is maintain an appropriate set of records and start from scratch every so often, say monthly. Keep these records in your car and if you are ever challenged over it, you have proof that you are using the fuel with the intention of paying tax on it.
Brilliant! Ta for sharing! | |
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| $ vs £ vs oil/petrol
Posted: 11/12/2007 8:31:12 AM |
I am following the recent publisesed suggestion to boycot the main players and am going out of my way to buy from a supermarket.
Well in my Sainsbury today I was charged 98.9 pence per litre, so even the supermakets are hiking their prices up.......... god what is wrong with our government, do they want the roads empty, because soon no one will be able to afford to go to work.......... | |
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| $ vs £ vs oil/petrol
Posted: 11/12/2007 8:38:48 AM | Dont subaru make several mpv style shitty pickups? Maybe im wrong, but i swear I saw one in a video of troops in iraq or something.
Back on topic, Yeah buy from the supermarkets apparently they get all their oils from independant companies along the thames I was hearing, who just buy their oil from some dodgy company in algeria or something.
The whole reason for the petrol not going down when the Dollar is weakest against the pound is because it takes longer for the cuts to be noticed in the market in theory, but mainly because the companies simply do not reflect their savings in the price of oil on their prices in petrol, because people will simply blame it all on tax, all about elasticity of demand I guess. | |
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| $ vs £ vs oil/petrol
Posted: 11/12/2007 8:43:21 AM | They dont want our roads empty! they would lose to much money.
But they know that people will carry on paying it because we are all stupid.
There is no insentive for the government to drop fuel duty, its not like we would buy more of it . Or less if it stays so high.
We should follow the french, when they started bringing in clamps in france everyone went around putting superglue in the locks. The government couldnt get more clamps.
In America they tried to bring in speed cameras, they all get shot. No more speed cameras.
But we just sit there at take it all. | |
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| $ vs £ vs oil/petrol
Posted: 11/12/2007 8:45:07 AM |
When the GBP is at an all time high against the USD and crude oil is bought/sold in USD why are we being ripped off at the fuel pumps.
Because the oil companies have motorists by the balls. As long as you're dependant on a car they can shaft you as much as they like, basically. | |
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| $ vs £ vs oil/petrol
Posted: 11/12/2007 9:02:37 AM | | We only have one independant petrol station in Barrow and three supermarkets but the lone petrol station still keeps its prices the same as the supermarkets, Supermarkets forced all the smaller garages out of business and now have a monopoly, when one supermarket ups its prices so do the others | |
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| $ vs £ vs oil/petrol
Posted: 11/12/2007 9:03:57 AM | Its nor really the oil companies, its the government.
Remember the petrol provider only makes about 25pence of th £1.06 we are paying, the rest goes to th government. And they put duty up but 2 pence around a month ago, and in around 4 months its going up again | |
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| $ vs £ vs oil/petrol
Posted: 11/12/2007 9:54:37 AM | £1.06??
feck, £1.11 litre locally today...... im off traveling a fair distance on wednesday, will have just enough to get me there, will fill up when i get there at .97p litre.....
hopefully the lorry drivers will be out in force at the depots again, even if they are subsideised they must be feeling the pinch....
feck wish i still had a diesil.... | |
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| $ vs £ vs oil/petrol
Posted: 11/12/2007 3:45:00 PM | The value of the USD has little to do with the price we are paying.
It has more to do with the supply of crude.
If the value of a barrel is $80, it does not follow that GB can buy it for £40.
Don't forget, nearly 80 pence of each £1 per litre consists of various taxes that we pay to Brown in order to subsidise the government. | |
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| $ vs £ vs oil/petrol
Posted: 11/15/2007 4:36:38 AM | | If your feeling the pinch, follow the advice above and go for the veggy option. it may stink but it doesn't cost as much:D | |
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| $ vs £ vs oil/petrol
Posted: 11/15/2007 6:18:40 AM | | Do your shopping at Tescos, spend over £50 and get a voucher for 5p per litre of fuel.. and point as well s.. not as cheap as I;d like it.. but every little helps lol - works out at 96 per litre.... | |
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| $ vs £ vs oil/petrol
Posted: 11/15/2007 8:06:04 AM | | Bio-diesel is easy to make and there is a tax exemption on the first 2500 litres used per year. All you need is some vegetable oil, some ethanol and some soduim hydroxide. If you buy in bulk fuel can be made for about 40-50p per litre.......quite a saving! | |
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| $ vs £ vs oil/petrol
Posted: 11/16/2007 4:05:11 AM | Tax increases happen at most once per year. Other price changes you can blame on high oil prices.
http://www.whatprice.co.uk/petrol-prices/petrol-oil.html
The global supply for oil in the last few years has plateaued, whilst demand has gone up. Simple economics tell you that prices will go up as a result of that. Soon global oil supplies will drop year on year, and prices will go up further. Expect shortages too.
In the coming years, we will all WISH petrol was only £1 a litre. Enjoy it while it's cheap. | |
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| $ vs £ vs oil/petrol
Posted: 11/18/2007 11:27:00 AM | I had the email sent to me about the boycott of the main players but today when I was out and about the very petrol company I was asked to avoid was actually still selling for less, (UNDER A POUND A LITRE) for my fuel than the company they suggested I use which was charging over the £1 per litre.... so somebody has got the message a bit mixed up! | |
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| $ vs £ vs oil/petrol
Posted: 11/19/2007 4:48:13 AM | Interesting...as the dollar gets weaker, the price will continue upwards.
http://observer.guardian.co.uk/world/story/0,,2212899,00.html | |
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| $ vs £ vs oil/petrol
Posted: 11/20/2007 2:30:23 AM | Well just been back to Sainsbury, and this week they have hiked their prices up to 99.9 a rise of 1p in a matter of days...................at this rate, I can look forward to a price hike every week, until I am broke................... | |
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