Petrol prices to hit £1-20

[GenevaSaint]

Again, the motoring lobby likes to ignore the fact that the cost of motoring has gone DOWN 13% since 1997.

 

This is compared to an INCREASE for public transport users.

 

Motorists have rarely had it so good, yet all they want to do is whinge. The motoring lobby is too powerful, and it is high-time motorists were ignored.

 

Bungle, I guess you're stuck on public transport. I agree that trains are V expensive, I think it's £13 to get to Bournemouth and back now.

 

I used to go by train, but the connections are so awful I now drive to Bournemouth every day. If I went by train on the way home I'd get home at 7pm if I left work @ 4.45. I'm home at 5.45 at the latest in my car.

[dune]

Where are the facts to back up that statement?

 

Even allowing for inflation, when I passed my test in 2000, the price of a litre of unleaded petrol was about 75p. I paid 117p on Saturday. That's a 56% increase...

 

And the cost of insurance is higher than ever now too.

[GenevaSaint]

And the cost of insurance is higher than ever now too.

 

And car tax, which is not insignificant, but miniscule in comparison to fuel and insurance.

[bungle]

Where are the facts to back up that statement?

 

Even allowing for inflation, when I passed my test in 2000, the price of a litre of unleaded petrol was about 75p. I paid 117p on Saturday. That's a 56% increase...

 

http://www.independent.co.uk/news/uk/politics/britain-driven-on-to-roads-by-falling-cost-of-motoring-1681052.html

 

http://greenreading.blogspot.com/2010/03/car-lobby-vs-greens-whitchurch-bridge.html

 

http://www.publications.parliament.uk/pa/cm200910/cmhansrd/cm100309/halltext/100309h0002.htm

 

http://cars.uk.msn.com/news/articles.aspx?cp-documentid=152073380

[Doctoroncall]

And car tax, which is not insignificant, but miniscule in comparison to fuel and insurance.

 

plus servicing and parts (certainly with oil based products).

[buctootim]

Where are the facts to back up that statement?

 

Even allowing for inflation, when I passed my test in 2000, the price of a litre of unleaded petrol was about 75p. I paid 117p on Saturday. That's a 56% increase...

 

 

For a smallish car cost per mile (based on 10,000pa) was 43.75p in 1998 and 47.68p in 2008. To be the same in real terms in 2008 as it was in 1998 the cost have would needed to have risen to 58.63p - ie motoring is around 20% cheaper now than 1998.

 

http://www.theaa.com/motoring_advice/running_costs/archive.html

http://www.thisismoney.co.uk/historic-inflation-calculator

Edited 16 March, 2010 by buctootim

[dune]

Plus the cost of tyres.

[Whitey Grandad]

Did you call in Trading Standards? If that allegation were true, it would be illegal practice on ASDA's part...

It was more by accident than design. The covers over the tank filling valves were always distorted because the cars drove over them and the access pit was always overflowing with water so it was inevitable that some should get in the petrol.

[Whitey Grandad]

Where are the facts to back up that statement?

 

Even allowing for inflation, when I passed my test in 2000, the price of a litre of unleaded petrol was about 75p. I paid 117p on Saturday. That's a 56% increase...

When I first started driving (riding a moped, actually) petrol was 4/- a gallon. I worked on Saturday mornings and a tankful was half my weekly erarnings

[warsash saint]

Again, the motoring lobby likes to ignore the fact that the cost of motoring has gone DOWN 13% since 1997.

 

 

Would love to know where you got these figures ?

 

Petrol / car tax / price of MOT / car parts etc ...... 13% saving ? LOL

[saintwarwick]

Warwick, not at all, read it again, seems clear to me.

 

But anyway, I'll rephrase, the Tories started pushing up the price of fuel way before Labour, who carried it on under a different scheme.

 

I don't think the point is who started pushing up the price, more to the point what party is making the effort to reduce them. None is the answer, just an excuse to raise them even more every year, 13 years of rises under this current government.

[buctootim]

Would love to know where you got these figures ?

 

Petrol / car tax / price of MOT / car parts etc ...... 13% saving ? LOL

 

Those dangerous herectics the AA.

 

What is it with some Saints fans? Undoubtedly the vast majority of people are better off than 10, 20 or 30 years ago - yet people still want to pretend that they are being screwed and taxes are uniquely high in the UK and public services are uniquely poor. They're not. We're a middle tax country with middle ranking public services - and that wont change by very much regardless of which party gets in power.

[solentstars]

Johnny, please do explain to a blind man why the rising oil prices are due to the mismanagement of the economy by the socialist (wtf) government?

 

I always though oil prices were driven by the global economy rather and the cartel of oil producing nations that rise or lower production as they see fit to keep prices high (generally).

don,t let the truth get in the way of a good story:D

[Saint George]

Can't understand why y'all are complaining so much ....Crude Oil is still fairly cheap at around $80 a barrel.....Gas is around $2.55 a gallon(US) here and not much different in most places in the world.

 

It's just you guys 'choose' to pay a sh$t load more 'tax' on your Gas (56.2p per Ltr + 17% VAT) than most other places...In fact thats more in 'tax' than the total price paid at the pump here.

 

Rethink the reasons for the 'tax' and you too can have reasonably priced Gas!

 

But there again, it's probably easier to live in ignorance and just blame the "Greedy" Oil Companies

[Johnny Bognor]

I always though oil prices were driven by the global economy rather and the cartel of oil producing nations that rise or lower production as they see fit to keep prices high (generally).

 

The cost per barrel is not that high at the moment

 

Johnny, please do explain to a blind man why the rising oil prices are due to the mismanagement of the economy by the socialist (wtf) government?

don,t let the truth get in the way of a good story:D

 

So let me explain this in a simple way.

 

Say yesterday that £1 = $1. You buy a barrel of Oil for $100, which just happens to have cost you £100.

 

Let's say you're running the economy and you totally destroy the value of our currency so that it halves overnight (as no-one in their right mind would have confidence in our economy with you running it). Today £2 = $1, so that $100 barrell is now going to cost you £200.

 

The Oil companies have done nothing and this is assuming you don't tax the **** out of it (which is what I would expect) and the cost of oil to us has doubled.

[solentstars]

The cost per barrel is not that high at the moment

 

 

 

 

So let me explain this in a simple way.

 

Say yesterday that £1 = $1. You buy a barrel of Oil for $100, which just happens to have cost you £100.

 

Let's say you're running the economy and you totally destroy the value of our currency so that it halves overnight (as no-one in their right mind would have confidence in our economy with you running it). Today £2 = $1, so that $100 barrell is now going to cost you £200.

 

The Oil companies have done nothing and this is assuming you don't tax the **** out of it (which is what I would expect) and the cost of oil to us has doubled.

good point ,but i always thought oil was bought at least 6 months in advance just like the gas.

[bridge too far]

^^

 

I thought the currency traders were 'destroying' the value of the pound. Mainly because they believe we'll have a hung parliament after the election.

 

Another example of 'speculators' interfering with our everyday lives.

[GenevaSaint]

I don't think the point is who started pushing up the price, more to the point what party is making the effort to reduce them. None is the answer, just an excuse to raise them even more every year, 13 years of rises under this current government.

 

Which moves onto another dodgy SWF debate, why are they raising the prices? Global Climate Change.

 

Of course a cynic would say to raise taxes to spend. Anyway, same thing can be said of bankers bonuses. The government (any) pay lip service to the publics anger, as they get 50% back through tax, soon to be 60%. Slash that and you only get corporation tax on that money, which I think is 20% now?

[buctootim]

^^

 

I thought the currency traders were 'destroying' the value of the pound. Mainly because they believe we'll have a hung parliament after the election.

 

Another example of 'speculators' interfering with our everyday lives.

 

Nah. The Bank of England are deliberately depressing the value of the pound by cutting interest rates to the bone and quantitative easing -printing money. That makers our exports cheaper (so we sell more), imports more expensive (so we buy less) and generates more domestic tourism. It also has the handy benefit of creating inflation - so you can erode the value of the debt built up.

[solentstars]

Did you call in Trading Standards? If that allegation were true, it would be illegal practice on ASDA's part...

 

i always use asdas petrol and found their petrol runs great in my car,its only at tescos i ever got a jerky reaction in my car.

[GenevaSaint]

Let's say you're running the economy and you totally destroy the value of our currency so that it halves overnight (as no-one in their right mind would have confidence in our economy with you running it). Today £2 = $1, so that $100 barrell is now going to cost you £200.

 

I agree to a point, but you've exagerated the exchange rate issue. The average exchange rate since 1972 has been .58, it's currently .66 Given the issues with the UK economy (fecked) I wouldn't say that's far away from "normal" would you?

 

And there's no need for the condescending "I'll make it simple for you". You made a statement that the UK government were making the price of oil expensive without explaining your thought process. Now I can see your rationale behind the statement, although I think it's flawed ;-)

[Whitey Grandad]

Those dangerous herectics the AA.

 

What is it with some Saints fans? Undoubtedly the vast majority of people are better off than 10, 20 or 30 years ago - yet people still want to pretend that they are being screwed and taxes are uniquely high in the UK and public services are uniquely poor. They're not. We're a middle tax country with middle ranking public services - and that wont change by very much regardless of which party gets in power.

That's absolutely not true in the slightest. In fact, none of the above is true.

[GenevaSaint]

good point ,but i always thought oil was bought at least 6 months in advance just like the gas.

 

That's only when they're saving money, when the price of oil goes up they pass on the costs immediately. Same with the wholesale gas markets. Bastards!

[Whitey Grandad]

i always use asdas petrol and found their petrol runs great in my car,its only at tescos i ever got a jerky reaction in my car.

Yes it changes from one outlet to another. Whatever floats your boat. Modern engines are far more adaptable.

[solentstars]

Which moves onto another dodgy SWF debate, why are they raising the prices? Global Climate Change.

 

Of course a cynic would say to raise taxes to spend. Anyway, same thing can be said of bankers bonuses. The government (any) pay lip service to the publics anger, as they get 50% back through tax, soon to be 60%. Slash that and you only get corporation tax on that money, which I think is 20% now?

i think petrol will get more and more expensive .it won,t matter who is in government due to worldwide demand,china india,etc

so i think it won,t belong before it hits £2.00 a litre.

[solentstars]

That's only when they're saving money, when the price of oil goes up they pass on the costs immediately. Same with the wholesale gas markets. Bastards!

 

agree:D

[Johnny Bognor]

I agree to a point, but you've exagerated the exchange rate issue. The average exchange rate since 1972 has been .58, it's currently .66 Given the issues with the UK economy (fecked) I wouldn't say that's far away from "normal" would you?

 

And there's no need for the condescending "I'll make it simple for you". You made a statement that the UK government were making the price of oil expensive without explaining your thought process. Now I can see your rationale behind the statement, although I think it's flawed ;-)

 

 

Sorry if I came across as condescending, itis just that some on here (not you specifically) love the hype and rhetorik without looking at the simple facts.

 

Comparing exchange rates from 1972 is irrelevant as we are all going on about how the price has jumped so quickly in a short space of time.

 

The current price of oil at $81.75 is actually below the average 2009 price, which means that Oil is costing less than it did last year.

 

So how would you explain a pump price of £1.20 (not seen since 2008. ) whilst the current oil price is at least 30% less than it was in 2008?

 

If you look at the £ vs $ in 2008 (when the pump price was similar to now) you can see why it will be £1.20 per litre shortly (even though the barrel price is significantly lower than 2008 ). The biggest movements for us are exchange rates (due to the lack of confidence in the £ which has something to do with current and previous prudent chancellors) and the fact that fuel duty is now 5p higher than is was in 2008.

 

Therefore, the bulk of the rise in the pump price (to 2008 levels and above) has more to do with the performance of the clowns in charge than anything else.

Edited 16 March, 2010 by Johnny Bognor

[buctootim]

That's absolutely not true in the slightest. In fact, none of the above is true.

 

My view is based on independent data showing rising average and median income in the UK and increasing GDP per capita backed up by affluence indicators such as number of foreign holidays, car ownership etc. But because you personally dont have as much money now you are retired as you did when you were working you think its ********. Way to go.

Edited 16 March, 2010 by buctootim

[JustMike]

saw this this morning ad what made me laugh was the labour mp stating that we were being "legally mugged" by the oil companies...hang on what about us being "legally mugged" by the taxes you w**kers put on it! Oh and on April 1st will stick another 3p per litre!

[Whitey Grandad]

Okay - my view is based on national data showing rising average and median income; increasing GDP per capita and inflation stats backed up by affluence indicators -number of foreign holidays, car ownership etc. Your view is based on the fact that you personally dont have as much money now you are retired as you did when you were working.

I'm nowhere near retired and not likely to since all our pension funds were stolen by Gordon Brown. GPD per capita is distorted by the fact that there are 10 to 20 million more people in the uk than are offically recognised by the government. All other indicators of 'affluence' have been bought with borrowed money. Taxation is punitive, council tax, income tax, NI, inheritance tax, stamp duty. There is less disposable income now than there was 15 to 20 years ago.

[JustMike]

My view is based on international data showing rising average and median income in ther UK and increasing GDP per capita backed up by affluence indicators -number of foreign holidays, car ownership etc for the nation as a whole. Your view is based on the fact that you personally dont have as much money now you are retired as you did when you were working.

 

foreign holiday and car ownerships are distorted in that the introduction of the scrappage scheme effected cars and low cost flights such as ryanair etc bumped up the hols.

[buctootim]

foreign holiday and car ownerships are distorted in that the introduction of the scrappage scheme effected cars and low cost flights such as ryanair etc bumped up the hols.

 

I dont just mean this year - its cumulative over the past decades. Average wages are higher real terms, more people own more cars, eat better, take more holidays to more exotic locations and have many more consumer electronics and appliances.

[buctootim]

I'm nowhere near retired and not likely to since all our pension funds were stolen by Gordon Brown. GPD per capita is distorted by the fact that there are 10 to 20 million more people in the uk than are offically recognised by the government. All other indicators of 'affluence' have been bought with borrowed money. Taxation is punitive, council tax, income tax, NI, inheritance tax, stamp duty. There is less disposable income now than there was 15 to 20 years ago.

 

Its just a rant not based on anything apart from bitterness. You have not one fact to back up your assertions.

[bridge too far]

This is interesting:

 

http://www.drive-alive.co.uk/fuel_prices_europe.html

 

It would seem that unleaded, for example, is cheaper here than in many European countries :shock:

[JustMike]

I dont just mean this year - its cumulative over the past decades. Average wages are higher real terms, more people own more cars, eat better, take more holidays to more exotic locations and have many more consumer electronics and appliances.

 

again the stats will not reveal how these things are paid for, for example how much debt is involved and how many default on things like car loans. Over the decades childcare has been made more available meaning that mothers can return to work sooner therefore more money coming in.

[bridge too far]

again the stats will not reveal how these things are paid for, for example how much debt is involved and how many default on things like car loans. Over the decades childcare has been made more available meaning that mothers can return to work sooner therefore more money coming in.

 

 

To service the huge increase in the cost of mortgages / rent :smt102

 

My partner and I are, independently, much better off now than we were 10 years ago.

[solentstars]

I dont just mean this year - its cumulative over the past decades. Average wages are higher real terms, more people own more cars, eat better, take more holidays to more exotic locations and have many more consumer electronics and appliances.

i agree we are miles better of but we still all moan because we want more,the only group who have been hit hard are pensioners on a fixed income and the low paid.

i,ve still got a good living and glad about it.

[buctootim]

again the stats will not reveal how these things are paid for, for example how much debt is involved and how many default on things like car loans. Over the decades childcare has been made more available meaning that mothers can return to work sooner therefore more money coming in.

 

I dont dispute people have borrowed too much - taking capital out of their houses and splashed it on holidays, meals and cars. Even so the underlying standard of living is still much better. You'd be hard pushed to find anyone who thinks the 70s and 80s were better than this decade to be working for a living.

[Whitey Grandad]

I dont dispute people have borrowed too much - taking capital out of their houses and splashed it on holidays, meals and cars. Even so the underlying standard of living is still much better. You'd be hard pushed to find anyone who thinks the 70s and 80s were better than this decade to be working for a living.

The 80s were 30 years ago. Houses were more affordable, transport was cheaper, food was cheaper, going to university was cheaper. Indirect taxation is now much higher than it was then. Individuals may be better off, but you would expect that with career progression.

 

Why is my opinion a rant, whereas yours is fact?

[Whitey Grandad]

This is interesting:

 

http://www.drive-alive.co.uk/fuel_prices_europe.html

 

It would seem that unleaded, for example, is cheaper here than in many European countries :shock:

A large part of that is due to the fall in the value of the pound against the Euro.

[warsash saint]

So OK we may be better of than say 20 years ago, BUT does that give the right to petrol, gas & electric companies to completely take the p*ss with their pricing ?

[buctootim]

A large part of that is due to the fall in the value of the pound against the Euro.

 

Oil and derivatives are in priced in US$. If sterling falls in value the price goes up. HTH

[buctootim]

The 80s were 30 years ago. Houses were more affordable, transport was cheaper, food was cheaper, going to university was cheaper. Indirect taxation is now much higher than it was then. Individuals may be better off, but you would expect that with career progression.

 

Why is my opinion a rant, whereas yours is fact?

 

 

Because I source my facts. You just slough off opinion without any relationship to facts.

 

 

1980. UK enters recession before the rest of world. Interest rates at 17% inflation reaches 21%. Winter of Discontent - 29m working days lost through strikes (largest annual total since general strike). Government pays large public sector pay increases as recommended by Clegg Commission. Introduction of Tax & Price Index in Aug.'79. Power cuts. 3 million unemployed.

http://news.bbc.co.uk/onthisday/hi/dates/stories/january/26/newsid_2506000/2506335.stm

 

Poor spend twice as much of their income on fuel and food as in 2008.

[Whitey Grandad]

Oil and derivatives are in priced in US$. If sterling falls in value the price goes up. HTH

Taxes are in local currency. HTH

[Whitey Grandad]

Because I source my facts. You just slough off opinion without any relationship to facts.

 

 

1980. UK enters recession before the rest of world. Interest rates at 17% inflation reaches 21%. Winter of Discontent - 29m working days lost through strikes (largest annual total since general strike). Government pays large public sector pay increases as recommended by Clegg Commission. Introduction of Tax & Price Index in Aug.'79. Power cuts. 3 million unemployed.

http://news.bbc.co.uk/onthisday/hi/dates/stories/january/26/newsid_2506000/2506335.stm

 

Poor spend twice as much of their income on fuel and food as in 2008.

Council tax?

[buctootim]

Taxes are in local currency. HTH

 

Council tax?

 

 

I cant be arsed because you are either being obtuse or are just exceptionally dim

Edited 16 March, 2010 by buctootim

[Thorpe-le-Saint]

Firstly, it's 'great' to see St.G posting again!

 

I have to commute 60 miles a day to work and it's costing me £80 a week, that level of spending simply isn't sustainable. I would happily use the train...if National Express East Anglia weren't so ****e: In a car it takes me about an hour in the morning to get to work, but on the train, it would take me 2.5!

[St Chalet]

Reasons to be cheerful:

 

• As an indirect tax, fuel duty and VAT are easy to collect for the government (Unless you are PFC and see it as revenue).
  
• The roads will be clearer and thus less start stop and better economy.
  
• I am looking to buy a gas guzzling 4x4 so that market will return to pre-snow panic levels.
  
• It may prompt a quicker move to alternative fuels.
  
• Due to the pounds Zim like collapse we may have some fuel tourism from our European brothers putting money into our coffers.
  

[Saint George]

So OK we may be better of than say 20 years ago, BUT does that give the right to petrol, gas & electric companies to completely take the p*ss with their pricing ?

 

So just who is taking the p*ss here?......Yup that's very nearly 200% tax!

 

As for the Gas it's self....30p Ltr....That's less than half the price of most bottled water.......So just how much cheaper do you expect the Oil Companyies to sell their product?

 

Hell, they're already nearly giving it away as it is.....heh, and even if they did, it would still cost you around 80p Ltr to put that 'free' gas in your car...go figure

 

 

 

http://www.petrolprices.com/price-of-petrol.html

 

 

[Ash]

As for the Gas it's self

This is thread about petrol silly. Go figure!