wheels Posted 11 October, 2008 Share Posted 11 October, 2008 How about they give us a break? Two week's ago the price of a barrel of oil was $100. Yesterday it closed at $78. Two week's ago the cost of a litre of unleaded petrol was £107.9 Yesterday it was £107.9 If the robbing gets passed on the reduction in real terms, we should only be paying £0.84 a litre Instead of bailing out all the ******s in the city, how about giving us all a break? Link to comment Share on other sites More sharing options...
saint boggy Posted 11 October, 2008 Share Posted 11 October, 2008 it's amazing how they can instantaneously put the prices up to at the pump in relation to the rise in oil prices , and yet it takes them 14 days (and counting) to drop it in relation to the fall!!!..... these companies were making billions when oil prices were at their highest!!!..........it boggles the mind how much they must be making now!!!!! w**kers :mad: Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 11 October, 2008 Share Posted 11 October, 2008 it's amazing how they can instantaneously put the prices up to at the pump in relation to the rise in oil prices , and yet it takes them 14 days (and counting) to drop it in relation to the fall!!!..... these companies were making billions when oil prices were at their highest!!!..........it boggles the mind how much they must be making now!!!!! w**kers :mad: +1 here. Link to comment Share on other sites More sharing options...
St Landrew Posted 11 October, 2008 Share Posted 11 October, 2008 Well the companies buy their oil in big batches, which then must be used up. So you have the contemporary retail price not reflecting the barrel price. And which is why the price takes so long to go down. But it's true, the price appears to go up at the merest sniff of a barrel increase. That's when the real profits are made. Of course, the Chancellor of the Exchequer wins in every which way. Link to comment Share on other sites More sharing options...
St Landrew Posted 11 October, 2008 Share Posted 11 October, 2008 Never mind. Blacklight Power is just around the corner. Then the oil companies, M.E. can go... Don't know what the C of the E is going to do without his tax income though. Link to comment Share on other sites More sharing options...
saintwarwick Posted 11 October, 2008 Share Posted 11 October, 2008 How about they give us a break? Two week's ago the price of a barrel of oil was $100. Yesterday it closed at $78. Two week's ago the cost of a litre of unleaded petrol was £107.9 Yesterday it was £107.9 If the robbing gets passed on the reduction in real terms, we should only be paying £0.84 a litre Instead of bailing out all the ******s in the city, how about giving us all a break? It's now £102.9 around here after the latest reduction but I agree with you, they are just robbing bastards quick enough to raise the price at the sniff of an increase but fail to reduce quickly when the price comes down. Link to comment Share on other sites More sharing options...
benjii Posted 11 October, 2008 Share Posted 11 October, 2008 A lot of the oil is bought from a price fixing cartel. It is unlikely that consumers will get a good deal from this. Link to comment Share on other sites More sharing options...
saintwarwick Posted 11 October, 2008 Share Posted 11 October, 2008 A lot of the oil is bought from a price fixing cartel. It is unlikely that consumers will get a good deal from this. Except the C of E. Link to comment Share on other sites More sharing options...
bridge too far Posted 11 October, 2008 Share Posted 11 October, 2008 Only yesterday, Gordon Brown told the petrol retailers to reduce their prices to reflect the drop in oil prices. http://news.bbc.co.uk/1/hi/business/7662918.stm Link to comment Share on other sites More sharing options...
TopGun Posted 11 October, 2008 Share Posted 11 October, 2008 Only yesterday, Gordon Brown told the petrol retailers to reduce their prices to reflect the drop in oil prices. http://news.bbc.co.uk/1/hi/business/7662918.stm Exactly. Good for Gordon but it's all a high st cartel ultimately that only responds to price competition. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 11 October, 2008 Share Posted 11 October, 2008 How about they give us a break? Two week's ago the price of a barrel of oil was $100. Yesterday it closed at $78. Two week's ago the cost of a litre of unleaded petrol was £107.9 Yesterday it was £107.9 If the robbing gets passed on the reduction in real terms, we should only be paying £0.84 a litre Instead of bailing out all the ******s in the city, how about giving us all a break? Where do you buy fuel? In Tescos it's only 107.9p per litre Link to comment Share on other sites More sharing options...
bridge too far Posted 11 October, 2008 Share Posted 11 October, 2008 Where do you buy fuel? In Tescos it's only 107.9p per litre ... Link to comment Share on other sites More sharing options...
1976_Child Posted 11 October, 2008 Share Posted 11 October, 2008 (edited) I think everyone here should spare a moment's thought for the Government. They have just spent £500 billion helping their banking buddies buy this year's yacht, the deficit is masively out of control and that is before all the PFI deals are included and now they are getting less VAT on fuel as the price has dropped. I personally feel very sorry for them...... NOT!! Edited 11 October, 2008 by 1976_Child Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 11 October, 2008 Share Posted 11 October, 2008 I think everyone here should spare a moment's thought for the Government. They have just spent £500 billion helping their bakning buddies buy this year's yacht, the deficit is masively out of control and that is before all the PFI deals are included and now they are getting less VAT on fuel as the price has dropped. I personally feel very sorry for them...... NOT!! Don't worry as there is a fixed pricing increase for booze ensuring they will receive much more income from your local boozer every budget announcement for a number of years to come. Link to comment Share on other sites More sharing options...
wheels Posted 11 October, 2008 Author Share Posted 11 October, 2008 Where do you buy fuel? In Tescos it's only 107.9p per litre It's really bad here in Fleet then!! Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 11 October, 2008 Share Posted 11 October, 2008 It's really bad here in Fleet then!! Are you sure that's not aviation fuel? Link to comment Share on other sites More sharing options...
TopGun Posted 11 October, 2008 Share Posted 11 October, 2008 Are you sure that's not aviation fuel? Aviation fuel costs **** all compared to petrol. Which shows how big the mark up on petrol is. Link to comment Share on other sites More sharing options...
Saint George Posted 11 October, 2008 Share Posted 11 October, 2008 Dont blame the Oil companies...Blame the Government If they didnt load so much tax on petrol, the Oil companies could sell it at a reasonable price in the UK and still make a profit......As it is the only way they can make any money on petrol is to hold the price up after the price of oil has dropped Here in Louisiana, with very little tax on Gas. We see Gas prices adjusted to reflect the Oil price on prety much a daily basis....Just fell again last night to $3.10 a gallon down the road and cheapest in area is below $2.80 p/g now )..........prices were $3.80 a month ago With the projected Oil price continuing to fall, we're expecting Gas prices to get back down to around $1.80 or so in the next month or so. Link to comment Share on other sites More sharing options...
Saint George Posted 11 October, 2008 Share Posted 11 October, 2008 Only yesterday, Gordon Brown told the petrol retailers to reduce their prices to reflect the drop in oil prices. http://news.bbc.co.uk/1/hi/business/7662918.stm Good old Gordy eh .....He puts something like 300% tax on Gas and then has the nerve to tell the Oil companies to drop their prices!..... Link to comment Share on other sites More sharing options...
Guest Hacienda Posted 11 October, 2008 Share Posted 11 October, 2008 What a pity we don't have a government and economy like the USA as their fiscal policies are an example to us all. Link to comment Share on other sites More sharing options...
Handyman Posted 12 October, 2008 Share Posted 12 October, 2008 Petrol retailers have to clear their tanks of expensive fuel before they can reduce the price because they have already paid the oil company the higher price before they have sold any of a delivery. How do I know? I had seven garages of which four sold petrol. As to raising prices, we never ever raised the price until the remaining fuel bought at a lower price was sold! Drop the price anyway I hear you say? We made then 3.5p per gallon gross AND we had to pay vat on that! and rent and wages and insurance and .........so on. Eventually I got out in disgust at being a tax collecting station for the government. Did you know that they even charge vat on the DUTY that they impose on every gallon. In effect a tax on a tax!!! Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 12 October, 2008 Share Posted 12 October, 2008 What a pity we don't have a government and economy like the USA as their fiscal policies are an example to us all. Their foreign policy on the other hand . . . . Link to comment Share on other sites More sharing options...
TopGun Posted 12 October, 2008 Share Posted 12 October, 2008 What a pity we don't have a government and economy like the USA as their fiscal policies are an example to us all. fiscal piscal! Link to comment Share on other sites More sharing options...
wheels Posted 12 October, 2008 Author Share Posted 12 October, 2008 Dont blame the Oil companies...Blame the Government If they didnt load so much tax on petrol, the Oil companies could sell it at a reasonable price in the UK and still make a profit......As it is the only way they can make any money on petrol is to hold the price up after the price of oil has dropped Here in Louisiana, with very little tax on Gas. We see Gas prices adjusted to reflect the Oil price on prety much a daily basis....Just fell again last night to $3.10 a gallon down the road and cheapest in area is below $2.80 p/g now )..........prices were $3.80 a month ago With the projected Oil price continuing to fall, we're expecting Gas prices to get back down to around $1.80 or so in the next month or so. I'll blame them both!! They're both greedy bastards. Link to comment Share on other sites More sharing options...
Guest Hacienda Posted 12 October, 2008 Share Posted 12 October, 2008 Their foreign policy on the other hand . . . . I believe that their foreign policy is as well thought out and executed as their domestic fiscal policies Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 12 October, 2008 Share Posted 12 October, 2008 Petrol retailers have to clear their tanks of expensive fuel before they can reduce the price because they have already paid the oil company the higher price before they have sold any of a delivery. How do I know? I had seven garages of which four sold petrol. As to raising prices, we never ever raised the price until the remaining fuel bought at a lower price was sold! Drop the price anyway I hear you say? We made then 3.5p per gallon gross AND we had to pay vat on that! and rent and wages and insurance and .........so on. Eventually I got out in disgust at being a tax collecting station for the government. Did you know that they even charge vat on the DUTY that they impose on every gallon. In effect a tax on a tax!!! Surely you had to pay VAT on the total 'sale' and not the Gross profit, which is effectively what the consumer pays as it is included in the price of the product. Corporation tax covers the tax payable on the profit Link to comment Share on other sites More sharing options...
Handyman Posted 12 October, 2008 Share Posted 12 October, 2008 Surely you had to pay VAT on the total 'sale' and not the Gross profit, which is effectively what the consumer pays as it is included in the price of the product. Corporation tax covers the tax payable on the profit Of course you are right. I was just pointing out how little we made and that we had no room to vary the price. Also that the government added the vat after adding the duty. Link to comment Share on other sites More sharing options...
Thorpe-le-Saint Posted 12 October, 2008 Share Posted 12 October, 2008 How about they give us a break? Two week's ago the price of a barrel of oil was $100. Yesterday it closed at $78. Two week's ago the cost of a litre of unleaded petrol was £107.9 Yesterday it was £107.9 If the robbing gets passed on the reduction in real terms, we should only be paying £0.84 a litre Instead of bailing out all the ******s in the city, how about giving us all a break? Agree. This government needs to initiate a windfall tax NOW Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 12 October, 2008 Share Posted 12 October, 2008 It's really bad here in Fleet then!! You're not wrong!!! Maybe you should move to Gosport? Link to comment Share on other sites More sharing options...
Saint George Posted 13 October, 2008 Share Posted 13 October, 2008 Dont blame the Oil companies...Blame the Government If they didnt load so much tax on petrol, the Oil companies could sell it at a reasonable price in the UK and still make a profit......As it is the only way they can make any money on petrol is to hold the price up after the price of oil has dropped Here in Louisiana, with very little tax on Gas. We see Gas prices adjusted to reflect the Oil price on prety much a daily basis....Just fell again last night to $3.10 a gallon down the road and cheapest in area is below $2.80 p/g now )..........prices were $3.80 a month ago With the projected Oil price continuing to fall, we're expecting Gas prices to get back down to around $1.80 or so in the next month or so. Local Gas station now charging $2.82 a Gallon....Thats a drop of 28 cents in 48 hours Link to comment Share on other sites More sharing options...
Saint George Posted 13 October, 2008 Share Posted 13 October, 2008 What a pity we don't have a government and economy like the USA as their fiscal policies are an example to us all. Aye, such an example, It seems Britain and others felt they just had to join in with their very own stock market crash........Man, now that's what you call influence Link to comment Share on other sites More sharing options...
Crouchie's Lawyer Posted 13 October, 2008 Share Posted 13 October, 2008 Local Gas station now charging $2.82 a Gallon....Thats a drop of 28 cents in 48 hours Gas & Gallon should be changed and converted to petrol or diesel and litres. Link to comment Share on other sites More sharing options...
toofarnorth Posted 13 October, 2008 Share Posted 13 October, 2008 Aviation fuel costs **** all compared to petrol. Which shows how big the mark up on petrol is. Maybe we should all buy planes. Link to comment Share on other sites More sharing options...
Saint George Posted 13 October, 2008 Share Posted 13 October, 2008 Aye, such an example, It seems Britain and others felt they just had to join in with their very own stock market crash........Man, now that's what you call influence 'Stock market crash' should read 'financial crisis' Link to comment Share on other sites More sharing options...
bridge too far Posted 13 October, 2008 Share Posted 13 October, 2008 Aye, such an example, It seems Britain and others felt they just had to join in with their very own stock market crash........Man, now that's what you call influence Hardly 'joining in'. Until last week, the good ol' US of A was held up to be the shining example of fiscal policy and other nations were affected by its bull and bear markets and risk taking. Now, finally, the sun has gone down on our friends on the other side of the pond and we / the Europeans are standing on our own two feet and leading the way with rational, sensible moves to stabilise the mess your lot made. Link to comment Share on other sites More sharing options...
St Landrew Posted 13 October, 2008 Share Posted 13 October, 2008 Local Gas station now charging $2.82 a Gallon.... That is, of course, a US Gallon, which is smaller than the true Imperial size. But it is still remarkably cheap. Don't scroll down if you don't want to see the price in £s. [i've greyed it out and made it smaller to make it harder to accidentally see]. BTW, please don't come back on here and tell us you've corrected the price for Imperial sizes, or I just might be sick..! £1.95 per Imperial gallon or 43p per litre. It's almost irresponsible to charge that little. :mad: Link to comment Share on other sites More sharing options...
Ponty Posted 13 October, 2008 Share Posted 13 October, 2008 I'd get over the irresponsibility of paying 43p a litre pretty quickly. Link to comment Share on other sites More sharing options...
Kadeem Hardison Posted 13 October, 2008 Share Posted 13 October, 2008 This is my favourite rubbing oil company: Link to comment Share on other sites More sharing options...
St Landrew Posted 13 October, 2008 Share Posted 13 October, 2008 I'd get over the irresponsibility of paying 43p a litre pretty quickly. So would I, but I didn't say Pay, I said Charge. Pay attention mate. Link to comment Share on other sites More sharing options...
Ponty Posted 13 October, 2008 Share Posted 13 October, 2008 So would I, but I didn't say Pay, I said Charge. Pay attention mate. Being serious for a minute; do you actually think people would travel more if fuel was cheaper? I don't. We go where we have to go and when we have to do it. Regardless of your choice of transport - car, bus, train, plane - all would be cheaper if fuel was cheaper but i don't think people would suddenly start taking the long route home from work or just taking that exciting bus detour. Some people would argue that high fuel costs have a 'green' effect but I don't believe that for a second. They just leave us all with less disposable income. Link to comment Share on other sites More sharing options...
St Landrew Posted 13 October, 2008 Share Posted 13 October, 2008 I travel around a lot less in my car because of high petrol prices. I think twice about jaunting off to places like Cornwall in the car because of petrol prices. It's not that I can't afford them, it's that one puts a value on what one does. Going to Cornwall and back, for a weekend break is a damned sight more expensive than sailing to the the IOW and having a weekend there. Less fun for more money. It's a no-brainer. If they were cheaper, I probably wouldn't think twice. In effect, for people like me, high petrol prices are better for the environment. Link to comment Share on other sites More sharing options...
Ponty Posted 13 October, 2008 Share Posted 13 October, 2008 I travel around a lot less in my car because of high petrol prices. I think twice about jaunting off to places like Cornwall in the car because of petrol prices. It's not that I can't afford them, it's that one puts a value on what one does. Going to Cornwall and back, for a weekend break is a damned sight more expensive than sailing to the the IOW and having a weekend there. Less fun for more money. It's a no-brainer. If they were cheaper, I probably wouldn't think twice. In effect, for people like me, high petrol prices are better for the environment. Why would you consider it anyway then? Link to comment Share on other sites More sharing options...
Totton Red Posted 13 October, 2008 Share Posted 13 October, 2008 Being serious for a minute; do you actually think people would travel more if fuel was cheaper? I don't. We go where we have to go and when we have to do it. Regardless of your choice of transport - car, bus, train, plane - all would be cheaper if fuel was cheaper but i don't think people would suddenly start taking the long route home from work or just taking that exciting bus detour. Some people would argue that high fuel costs have a 'green' effect but I don't believe that for a second. They just leave us all with less disposable income. really intelligent response. I think its about people travelling less if the price of fuel is more rather than driving round the block twice because ASDA had an offer on fuel. Are you responding in a 'Carry on Ponty' way? Link to comment Share on other sites More sharing options...
Saint George Posted 11 November, 2008 Share Posted 11 November, 2008 Filled up for $1.95 a gallon this morning......Thats a drop of over a dollar a gallon in a month........How low can it go? Link to comment Share on other sites More sharing options...
warsash saint Posted 11 November, 2008 Share Posted 11 November, 2008 In the last 24 hours we have had all 3 parties banging about tax cuts to try & give us more money to pump into the economy. Now why dont the Government force the robbing Oil companies / energy companies to reduce their prices thus giving us our tax cuts. Easy :confused: Now these companies get away with it, God only knows (well I do know - corrupt rip-off Britain :mad:) Link to comment Share on other sites More sharing options...
bridge too far Posted 11 November, 2008 Share Posted 11 November, 2008 In the last 24 hours we have had all 3 parties banging about tax cuts to try & give us more money to pump into the economy. Now why dont the Government force the robbing Oil companies / energy companies to reduce their prices thus giving us our tax cuts. Easy :confused: Now these companies get away with it, God only knows (well I do know - corrupt rip-off Britain :mad:) It's called free enterprise / market economy Actually petrol is about 25p a litre cheaper now than it was in the summer and I read today that one measure being considered is the 'voluntary' reduction of household fuel bills by £100, as well as cheaper prices coming in around February time. All windfall taxes achieve are surreptitious price hikes at a later time by the oil companies to recover the 'loss' Link to comment Share on other sites More sharing options...
LGTL Posted 11 November, 2008 Share Posted 11 November, 2008 There is a mammoth amount of costs involved for the oil companies to get oil from the sea, refined, and into the petrol stations, so prices are never going to come down as drastically as oil prices, as the two are not completely linked. However, you will see some reductions in fuel cost (which to be fair, we have). Down from 110p a litre 2 months ago to about 94p a litre now. Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 11 November, 2008 Share Posted 11 November, 2008 There is a mammoth amount of costs involved for the oil companies to get oil from the sea, refined, and into the petrol stations, so prices are never going to come down as drastically as oil prices, as the two are not completely linked. However, you will see some reductions in fuel cost (which to be fair, we have). Down from 110p a litre 2 months ago to about 94p a litre now. 89p a litre in Tescos with my 5p off voucher Link to comment Share on other sites More sharing options...
warsash saint Posted 11 November, 2008 Share Posted 11 November, 2008 So then why does the price of diesel remain static at £1.07 with the gap between unleaded becoming increasingly wider ? Link to comment Share on other sites More sharing options...
Weston Super Saint Posted 11 November, 2008 Share Posted 11 November, 2008 So then why does the price of diesel remain static at £1.07 with the gap between unleaded becoming increasingly wider ? Because diesel cars pay less car tax Link to comment Share on other sites More sharing options...
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