Drop in fuel prices

agarnett

NO ... have you some spoiling agenda or did you not read what I said about the fuel tax differences not explaining the pump price differences by a factor of 2 to 1 (2/3rds of the difference in current prices between the countries is NOT explained by the difference in fuel tax regimes). That could be as much as 15p per litre not explained other than as pure rip-off overcharge in my book.

The AA road fuel report of January 2005 UK pump prices shows you what the pump prices were eleven years ago when we last had oil market prices as low as they are now.

So why aren't the pump prices as low now as they were eleven years ago - must we wait until the rip-off merchants in the retail industry have had their fill?

BeenThroughItAll

agarnett wrote: »

So why aren't the pump prices as low now as they were eleven years ago - must we wait until the rip-off merchants in the retail industry have had their fill?

Would you be happy to be being paid the same as you were 11 years ago? No? Neither are the tanker drivers, petrol station attendants, refinery workers, storage and distribution point workers and others in the supply chain.


Are rents the same as they were 11 years ago? No? Thought not.


What about the cost of those trucks and trailers, parts for petrol pumps, and block paving for petrol stations? Has inflation passed them by over the last 11 years? No?


Steel for the storage tanks - same price as 11 years ago?


Electricity costs to keep those big signs on all the time - same cost as 11 years back?

Moto2

The average hourly wage has gone up by about 25% since 2005, without digging too much into the numbers it looks like the pump prices have had a similar sort of rise.

I'm presuming that the people that work at the refineries and all the other people that are involved in getting it from crude to Tescos have had a similar rise in wages.

To me it looks around the same cost in real terms with the added benefit of better MPG in most cases.

AdrianC

agarnett wrote: »

So why aren't the pump prices as low now as they were eleven years ago - must we wait until the rip-off merchants in the retail industry have had their fill?

Perhaps you missed that, in real terms and taking account of inflation, they are considerably lower than they were then? In fact, the difference is almost enough to account for the entire VAT...

BeenThroughItAll

Moto2 wrote: »

I'm presuming that the people that work at the refineries and all the other people that are involved in getting it from crude to Tescos have had a similar rise in wages.

Indeed - and refineries and storage depots cost a lot more to run these days just based on energy costs, without taking into account the millions that have had to be spent on changes to infrastructure following the Buncefield incident.

force_ten

AdrianC wrote: »

OK, so how much of that £26bn/yr would you remove from fuel duty, and how would you bridge that gap?

the chancellor of the exchequer found 27 billion pounds in his A r$e pocket when he got himself in a hole over proposed cuts to working tax credit, so i am sure he could find a few pounds to help out the beleaguered motorists

agarnett

Any of you sheep still paying through the nose for road fuel?

Where else in Europe can so many sheep be found happily bleating on about the government they voted in instead of the real crooks fleecing them ?

Everybody paying the cartel price 99.7p for petrol and diesel now?

Blind suckers!

[Deleted User]

I didn't vote them in.

agarnett

So are we to conclude you did not convince your family friends work colleagues and neighbours to vote them out either? That's exactly how the derogatory term sheep arises in this context, isn't it? If you really want a better country you have to stick your neck out sometimes and do more than just bleat about the farmer you let lock you in the pen in the first place! You may in fact need to have your eye beyond that, and concentrate on the places where you and yours are systematically getting sold down the river. If you don't complain, your government will perhaps rightly think you don't mind, or worse, they might think you don't understand enough to mind. I recommend 38 degrees as a way to get heard and understood.

onthefencepost

I usually run my cars on Vpower Diesel but as usual when the prices drop super fuels takes a good month to catch up. Local shell is dishing reg unleaded for 99.9 Vpower 113.9 total joke!