Petrol Price

Rochdale_Pioneers

Tilt wrote: »

Well that may be the case in Europe (which i never mentioned in my previous post), but what about countries like the USA? Currently it's about the equivalent of £2.80 per gallon which works out at about 62p per litre!

And they are screeching about the size of the price increase as we are. Noone over there is saying "my gas bill has just shot up 30% but at least its cheaper than in the YuKay" - you budget to expected costs.

The price of fuel here may be stupid but contrary to popular myth its NOT the fault of tax. Most of Europe has lower tax than we have on unleaded yet pays higher pump prices. Why? Because the price of crude is a higher percentge of pump prices and therefore the recent crude price rises go more directly to pump prices than here where the high tax insulates us from the worst of it

Tilt

Rochdale_Pioneers wrote: »

And they are screeching about the size of the price increase as we are. Noone over there is saying "my gas bill has just shot up 30% but at least its cheaper than in the YuKay" - you budget to expected costs.

The price of fuel here may be stupid but contrary to popular myth its NOT the fault of tax. Most of Europe has lower tax than we have on unleaded yet pays higher pump prices. Why? Because the price of crude is a higher percentge of pump prices and therefore the recent crude price rises go more directly to pump prices than here where the high tax insulates us from the worst of it

No? When almost 80% of the cost of a litre of petrol is tax?? I must be missing something then!

redux

Tilt wrote: »

No? When almost 80% of the cost of a litre of petrol is tax?? I must be missing something then!

That's more than one inaccurate thing you've said on this thread.

jobdone1

The problem from al this is the fact that the high street suffers on a massive scale, jobs are lost and businesses fold.

Its a false economy.

The damage goes on as us ordinary folk (not the rich) have less and less money from our wages and benefits. When will this shower in power listen.

Tilt

redux wrote: »

That's more than one inaccurate thing you've said on this thread.

How so? Fuel duty is about 60% is it not, and then vat @ 20% is 80% in total when I went to school.

If you have any other figures to disprove this, I am more than happy to be proved wrong. But will it make petrol cheaper?

redux

Tilt wrote: »

How so? Fuel duty is about 60% is it not, and then vat @ 20% is 80% in total when I went to school.

If you have any other figures to disprove this, I am more than happy to be proved wrong. But will it make petrol cheaper?

If you pay £1.44 for diesel, then 24 pence VAT on 62 fuel cost and and 58 pence duty. Petrol is a bit cheaper with same duty and slightly less VAT. One of your previous posts has the wrong equivalent price per litre for USA.

Tilt

redux wrote: »

If you pay £1.44 for diesel, then 24 pence VAT on 62 fuel cost and and 58 pence duty. Petrol is a bit cheaper with same duty and slightly less VAT. One of your previous posts has the wrong equivalent price per litre for USA.

I got it from here; http://www.eia.gov/petroleum/gasdiesel/ must of calculated it wrong then. But it's not far out.

redux

That also disproves your assertion that the price before duty and tax is about 30 pence. And it works out to about 75 pence a litre not 62. But the USA has always been a lot cheaper than here, so nothing new. The comparison with Europe is more useful, and they are not all much cheaper than here.

im-lost

Tilt wrote: »

Well that may be the case in Europe (which i never mentioned in my previous post), but what about countries like the USA? Currently it's about the equivalent of £2.80 per gallon which works out at about 62p per litre!

Seriously? You are trying to compare prices in the us to the uk?

It's impossible. How about we have cheaper petrol prices and we can do away with our benefits system and NHS... a good trade off don't you think, just don't moan when you become ill or lose your job.