Fuel prices MEGATHREAD

[upinwath]

No, what I'm saying is that duty on fuel is a common and popular way to raise revenue in western Europe. If duty on fuel was drastically reduced, what would you tax to raise the lost revenue, or what services would you cut?

 

Well if taxes are OK, that fair enough.

After all you have illegal wars, ID cards and the dome still to pay for before you consider the massive cost of the paperwork new labour have introduced.

 

The exchange rate is favourable or unfavourable depending on your point of view. You are viewing it solely from the importer's perspective. Using your example we can now expect 33% more Sterling for exporting the same goods in US Dollars than we did in mid 2008.

 

Incidentally, not everything is traded in US Dollars. I think you'll find most trade in Europe is conducted in Euros.

 

Wrong. Britain has the highest wages in the world so it has bugger all chance of exporting anything except specialist products. Everything in the UK is pretty much traded in pounds. So what? Oil and all other exports are traded in dollars so that euro argument is a load of bull.

Labour have knackered the pound and the upshot is oil is 25% more expensive than 2 years ago because of that alone.

 

I certainly appreciate the huge increase in living standards for me and most people in this country under their stewardship.

 

Do you?

It's a sham based on borrowing. That crappy house and new car is all on credit. That's why, when the interest rate went up, trade fell so sharply and the UK ended up in suck a mess.

[upinwath]

http://news.bbc.co.uk/2/low/business/8609542.stm

 

Rising wholesale prices have also added to the price, as well as a 1p rise in fuel duty which took effect on 1 April.

 

A further 1p rise in duty is due in October and an increase of 0.76p is set for January 2011........

 

..........Brendan McLoughlin at petrolprices.com says the fall in the value of sterling is the main reason behind the rise.

 

"We have seen fuel duty rises too, but the impact of the exchange rate has been the single largest cause of rising pump prices lately."

 

That poor exchange rate really naffs you up when 75% tax added.

 

Say thank you to labour every time you fill up.

[Number Six]

£1.50 a litre by the summer? http://www.guardian.co.uk/global/2010/apr/08/petrol-price-increas

 

The increase has been caused by a combination of factors: rises in the wholesale price of fuel have produced steady rises since the beginning of the year with Brent crude costing an 18-month high of about $86 (£56) a barrel, while tax rises since December 2008 have also added about 10p to the cost of a litre of fuel.

 

But the biggest factor is the weak pound, according to Brendan McLoughlin, founder of Petrolprices.com. He says the impact of the exchange rate has been the single largest cause of recent rising pump prices and, with oil prices still increasing, could result in prices as high as 150p a litre this summer.

[Cyclone]

But in the time it takes you to lock your bike up and change out of you sweaty cycling gear and into your work clothes the walker would have overtaken you.

 

2 miles isn't sufficient distance to get sweaty.

And if it takes you 20 to 30 minutes to lock your bike up then you're doing it wrong.

[Tipex]

I use my legs more and have been more sensible since it went up.

I dont smoke or drink that much, so i'm saving money on that department which goes towards the fuel cost.

[SHYTOT]

I don't see what the big deal is. Although I have an 80 litre petrol tank in the car, another 5p a litre only means £4 - what's that, the price of a beer ?

 

I'd change my pub if I were you.

[Rupert_Baehr]

£1.50 a litre by the summer? http://www.guardian.co.uk/global/2010/apr/08/petrol-price-increas

 

The increase has been caused by a combination of factors: rises in the wholesale price of fuel have produced steady rises since the beginning of the year with Brent crude costing an 18-month high of about $86 (£56) a barrel, while tax rises since December 2008 have also added about 10p to the cost of a litre of fuel.

 

But the biggest factor is the weak pound, according to Brendan McLoughlin, founder of Petrolprices.com. He says the impact of the exchange rate has been the single largest cause of recent rising pump prices and, with oil prices still increasing, could result in prices as high as 150p a litre this summer.

 

£1.50 a litre or even more. Petrol prices tend to rise with the seasonal increase in demand and some forecasters have suggested that continued and strengthening global demand for oil could push the price to $99 a barrel (or higher) this year.

 

Present prices may be the cheapest we'll see for a long while.

[tonkatoy]

The price of petrol when Labour came to power was under 60p per litre. It is quite an achievement of one government to double the price whilst they are on watch.

[EmilyM]

Walking, even quickly would take 30 mins. Cycling, something like 10 mins tops?

 

Even leisurely cycling is well over twice walking speed, and if you put a bit of effort it you can average 15 - 20 mph on the flat, up to 5 times a walking speed.

 

When my car died last year, I said I would do without a car for a bit and walk it to save money. That only lasted for a week or so, I soon got fed up of walking, so I bought another car.

I don't own a bicycle.

 

I do walk to the local shop more often now I have my dog, it gives him some exercise too!

[epiphany]

When my car died last year, I said I would do without a car for a bit and walk it to save money. That only lasted for a week or so, I soon got fed up of walking, so I bought another car.

 

:hihi: Don't know why that cracked me up.