The people on tight budgets should buy an expensive EV
I got a surprise this morning, for the first time ever the pump hit the £99 card limit and it wasn't even full, It was at Asda which is easily the cheapest around here, I would have thought that fuel prices would be on every news bulletin by now, it will get to the point where people on tight budgets wont be able to get to work, our government won't do anything because they are raking it in.
The people on tight budgets should buy an expensive EV
We were in London this weekend. Thankfully filled up before heading into the capital. Esso station next to the Grosvenor was £1.70 per litre!!
I`m not aware that the duty and VAT on fuel has changed recently, so how is your last comment justified? Oil price plus increased distribution costs are to blame for recent rises, you can debate whether the policy in the UK of taxing motor fuel is fair or not but it's been this way for many years.
If you look back to prices in 2012 and correct for inflation I think you'll find fuel is slightly cheaper in real terms.
Edit: in Sept 2012 price of petrol was 1.40/litre. Inflation from 2012-2021 is 24%........do the maths! Start moaning when it reaches 1.736p/litre berause that means it's as expensive(in real terms) as 2012.
Last edited by walkerwek1958; 8th December 2021 at 12:30.
The problem is not just petrol, when you add up everything that has gone up, a huge number of people have a lower quality of life as a result and many are seriously in trouble now
I wonder a what point, if ever, prices will encourage more sensible or economical driving. I get 1000 miles a tank from my 520d estate, but I'm mainly motorway driving and stick at 60mph. Retailers partly to blame, with recent wholesale reduction not reflected at the pumps.
60mph on a motorway is no way to live. That's a punishment.
1.81 GBP per liter here... Stop moaning.
??????? In real terms, correcting for inflation, petrol is still cheaper than it was in 2012/13. The tax take is also slightly lower.
Did you moan as loudly in 2012?
https://www.racfoundation.org/data/t...rice-data-page
Diesel was £1.52 lt in Norwich this morning.
Agreed, but owing to the freezing of duty several years ago the overall tax take (according to the data I dug out) has actually fallen.
The Govt make more money when the price goes up because they collect more VAT, but that doesn`t represent a change in the status quo, it's always been that way. What is unfair is the application of VAT to the duty portion of the price, that's a tax on tax, but it's been that way for many years.
If tax revenue wasn`t raised from petrol it would have to be raised elsewhere and most of us would still end up paying. What I disagree with is the principle of taxing transport, personal transport long since ceased to be a luxury and it should be acknowledged as the necessity it is for many people. On that basis it is no longer fair to treat it as some form of luxury and apply high rates of taxation. However, whilst it's hard to refute the logic successive Govts of either colour have seen fit to allow this to continue so I hardly see it changing.
What I`d like to know is how the Govt will address the shortfall when we all (eventually) start driving electric cars?
Anyhow, I feel very patriotic regarding the tax I pay on motoring. £275/year road fund licence and an average fuel consumption of 28mpg on diesel........despite driving only 4000 miles/year I`m doing my bit for the Govt coffers.
The point I'm making is that we're comparing one peak with another and in real terms this peak is actually lower.......even though it doesn`t feel like it.
If the oil price reached $100/barrel, which has happened before, prices corrected for inflation would probably reach a record level.
Oil is priced in dollars and the weakness of the toilet currency that is sterling is not helping matters. Down from 1.42 to less than 1.32 since the summer.
There was a snippet on the news last Friday that oil prices were down $10 a barrel which equates to 5p off the pump prices. Been no movement where I am. We are took for mugs in this country, the government should clamp down on the blatant profiteering.
People commenting about fuel prices being down $10 per barrel need to appreciate that the stuff going into their cars was purchased before prices fell. The real problem is inflation, increased fuel costs results in increased distribution costs, in turn retailers/ manufacturers increase prices to retain profit margin - this in itself can become a vicious circle. Real inflation is currently far higher than government figures suggest, and the traditional tool to slug inflation is an increase in interest rates. However, given the amount of debt and people struggling to make ends meet post lockdowns (with the threat of more to come) significant rate increases area off of the table.
Interesting times people, we bleat about availability of Rolex and increasing numbers of people are relying on food banks to feed their families.
The market should bring the price back down, the fact that it isn't smacks of unspoken agreement in the industry at the very least.
This week Diesel has dropped by about 5 cents a litre on this side of the channel. Its currently a fraction under 1.5e in the supermarkets, which equates to about £1.28.
My fuel bill hasn't gone up in years, I always put £60 in at a time.
Cheers..
Jase
I had to visit Manchester on Monday for work, filled up when I left and I paid 155.9 at my local tesco, when I was returning home I filled up again and the same tesco and paid 150.9.... And they say there's a north - south divide :)
Paid £1.48 for diesel a couple of days ago and thought that was expensive. But seeing some of the prices in this thread I think I've gotten off lightly.
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Diesel £1.46 in our Tesco this Aft
11k a year in fuel at my house. Still cheaper than bottle water or starbucks(P/L)
Last week I paid £1.63/litre for Shell V-Power 99 RON when filling my RS6 in Cheltenham where I live. I don't have to use 99 RON fuel but I do in my heavily breathed on 730+bhp car. I'm very fortunate that I can afford it but it made me think about those struggling with gas, electricity, heating oil, food bills and dealing with increasing inflation across the board. And before anyone starts, I commute to work (in reasonable weather) on an electric motorbike!
E10 fuel has really added to costs
I think I must be getting 15% fewer miles from a tank of fuel. That tank is costing me significantly more than last year. Real kick in the nuts
I'm six miles from a Costco filling station and will start going there I think for their super unleaded
That's interesting, is it really a factor?
I thought my Golf was getting less to the gallon recently, but assumed it was cold weather/using the Aircon to demist the windows, but I have been using normal unleaded more as I've been doing more miles recently...
Maybe I'd be better off sticking with super?
M
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Breitling Cosmonaute 809 - What's not to like?
Just to make you feel worse, fuel price here in N America equates to 82 pence a litre.
People moan about the price just the same, although everything is relative.
Along with that cheap fuel is a national oil company which is the most indebted in the world, so the public will pay somewhere along the line.
“They” are saying petrol prices are a big contributory factor in rising inflation, i’m not an economist but will interest rates be next? How will this stop people buying fuel to get to work?
https://www.bbc.co.uk/news/business-59663947
I've sold my Honda Type S for a new Toyota 1.5 Yaris and it's excellent for mpg. Cruises nicely at 70, quiet, hitting 54mpg and going further on E5 than this E10 petrol.👍
Yes they have to label it as E5 but as I understand it some brands contain anything between 1 and 5 and I have been told BP Super is 0. I have used it in my TR6 for four years with no adverse effects to rubber hoses and seals, in fact just been and put £30 in to keep the tank topped plus with all this dry weather I feel a few little outings.
Diesel been dropped to £1.40 this morning in our Tesco