Oil Prices

Discussion in 'Motorhome Chat' started by bigmillie, Jan 29, 2011.

  1. bigmillie

    bigmillie Read Only Funster

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    Its almost at $100 per barrel :Eeek:
     

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  2. Snowbird

    Snowbird Funster Life Member

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    Even used cooking oil has gone up by 20p liter in the last 6 months.
    I think its disgraceful,and nothing short of profiteering.
     
  3. scotjimland

    scotjimland Funster Life Member

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    I heard the chancellor was going to bring in a fuel duty regulator to keep pump prices steady .. :RollEyes:

    [​IMG]
     
    Last edited: Jan 29, 2011
  4. Larrynwin

    Larrynwin Funster

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    Be a bit late now the prices are already too high, bl##dy pollitishuns :Eeek:
     
  5. aba

    aba

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    i think the duty stabiliser will hold the fuel at 1.50 per litre:Doh:
     
  6. pappajohn

    pappajohn Funster Life Member

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    heard on the news yesterday, he's considering NOT adding the 1p duty increase in the budget.

    well, that'll save me all of £3.15 next time i fill with 315 ltrs (£404) of petrol :Angry:
     
  7. rainbow chasers

    rainbow chasers Read Only Funster

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    Well it is all down to Gordon Brown! Bless him, lost his rag with the russians two weeks or so before signing an oil deal because they refused to release that suspect assasin. Gordon deported every russian envoy he could find, and the deal was off!

    We could have had a competetive suppliers market if that had gone ahead....
     
  8. Road Runner

    Road Runner Read Only Funster

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    Drove from norf to sarf wales today and most of the remote petrol sites normally load more wonga than supermarkets nearly matching their prices, maybe the supermarkets are milking the situation?
     
  9. rainbow chasers

    rainbow chasers Read Only Funster

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    I noted the same thing today! One garage that is always 10p a litre higher, was actually 0.1p higher - says it all really!

    I have noticed a surge in LPG activists.....seems small coal merchants and others have started selling LPG really cheap. I found one near Hamburger Hill that is undercutting shell by 8p a litre! H e was saying that quite a few people have started up with views of taking on the big boys whilst the price is high.
     
  10. simsy56

    simsy56 Funster

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    Crude oil was at $1.47 per barrel in 2008, yet the pump prices weren't this high! We are being conned! Fleeced! and Robbed! Then the oil companies will announce record profits!
    Something will have to break soon!

    Craig
     
  11. simsy56

    simsy56 Funster

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    Correction, l meant crude oil was $147 per barrel! Ooops!

    Craig
     
  12. scotjimland

    scotjimland Funster Life Member

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  13. johnp10

    johnp10 Funster

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    Tax and Excise duty are the main culprits for high pump prices.
    Obviuosly the cost per barrel has an influence, but consider:
    In November 2010 the average price per litre of unleaded at the pump was 118.7p.
    Fuel Duty was 58.19p and VAT was 17.68p.
    Taxes reperesented 64% of the price paid by the consumer.
    The real price before tax was only 42.7 pence per litre.
    We all (rightly) have a go at fuel Company profits, but the main bandits are our own successive Governments of whatever colour.
     
  14. robnchris

    robnchris Funster

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    Don`t be blaming the Oil companies for this, excise duty on a gallon of fuel is 82% of the cost.
     
  15. GJH

    GJH Funster Life Member

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    We all know that excise duty is high but what is the alternative? A rise in income tax? We have to face it that the income the Treasury needs (at whatever level that is and whichever party is in power) has to be found somewhere.

    If it is not to be found by borrowing (which we all know is at too high a level already) it has to be raised from taxation, whether we like it or not. Whether that tax is raised from duty of fuel or in any other way matters not one jot. In the main, the same people are going to end up paying it anyway.
     
  16. johnp10

    johnp10 Funster

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    Yep. Governments to blame.

    Yep.
    Us.
     
  17. scotjimland

    scotjimland Funster Life Member

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    In real terms crude oil is cheap .. it's costly and dangerous process to find, extract, refine and transport .. as said it's the duty that's responsible for high pump prices.

    By contrast, a pint of beer, made from no more than water and fermented hops costs about £6 per liter !


    while looking for comparisons I read this post on a consumer forum .. I haven't checked the prices quoted .. just copy / pasted ..



    The price of petrol versus printer ink ............. !!

    All these examples do NOT imply that petrol is cheap; it just illustrates how outrageous some prices are....

    You will be really shocked by the last one!
    (At least, I was...)

    Compared with Petrol......

    Think a gallon of petrol is expensive?

    This makes one think, and also puts things in perspective.
    Diet Snapple 16 oz £1.29 .. £12.90 per gallon
    Lipton Ice Tea 16 oz £1.19 ...........£11.90 per gallon
    Ocean Spray 16 oz £1.25 ......... £12.50 per gallon
    Brake Fluid 12 oz £3.15 ...... £42.00 per gallon
    Vick's Nyquil 6 oz £8.35 ... £222.66 per gallon
    Pepto Bismol 4 oz £3.85 . £154.00 per gallon
    Tippex 7 oz £1.39 ........ . £31.77 per gallon

    And this is the REAL KICKER...

    Evian water 9 oz £1.49..£26.48 per gallon! £26.48 for WATER and the buyers don't even know the source
    (Evian spelled backwards is Naive.)
    You don't even want to compare it with perfume or after shave.
    Ever wonder why printers are so cheap?

    So they have you hooked for the ink.
    Someone calculated the cost of the ink at.................
    (you won't believe it....but it is true........)
    £5,200 a gal... (five thousand two hundred pounds)

    So, the next time you're at the pump,be glad your car doesn't run on water, or Tippex, Pepto Bismol, Nyquil or God forbid, Printer Ink!

    Just a little humour to help ease the pain of your next trip to the petrol pump...
    And - If you don't pass this along to at least one person, your exhaust will fall off!
     
  18. johnp10

    johnp10 Funster

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    Just been thinking about this taxation lark. A great many areas of tax income are unequal.
    For instance, LPG does the same job in propelling a vehicle as does petrol, derv, etc.
    It would be a fairer fuel tax system if some excise duty and VAT where removed from petrol / derv and added to LPG bringing the overall cost per litre in line with other fuels.
    There is a further income base here, as all Propane / Butane for domestic, leisureb and industrial use would carry extra tax.
    Due to increased taxes involved, Gaslow systems would use gas priced / taxed at the "normal" rate.

    Much fairer than a tiered system, don't you think?
     
  19. GJH

    GJH Funster Life Member

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    You might be onto something there John.

    The British tourist industry could do with a boost so how about a levy on chunnel and ferry prices to encourage people to stay here to help the economy rather than spend money in France or Spain?
     
  20. johnp10

    johnp10 Funster

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    There's mileage in that, Graham.
    Especially when you consider the number of folk who use the tunnel for free via Tesco vouchers.
    Surely a tax on the tunnel would benefit the economy?
     
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