![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
It's also very misleading as it completedly ignores the rise of petrol to 120+p a litre and diesel to more than 134p a litre in Summer 2008.
Fuel up/down again
- Thread starter [TW]Fox
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It's also very misleading as it completedly ignores the rise of petrol to 120+p a litre and diesel to more than 134p a litre in Summer 2008.
Caporegime
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Pretty sure I paid £1.47 today at a local shell:/ I was not happy.
Deleted member 66701
Deleted member 66701
Sure
http://www.pedelecs.co.uk/forum/electric-bicycles/9442-new-build.html
Huge thread and the bike is a lot different now than when first started - might be an idea to read the thread backwards!
One of my commutes on it:-
http://sportypal.com/Workouts/Details/2638118?key=b7233e3a5de529f434fb5147d8fc9ecd7b6abb15&ms=1
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[TW]Fox;23851226 said:
Ignores tax changes as well.
You also need to use RPI ignoring fuel price changes otherwise it tells you very little. You can't completely do that as even food and goods have a fuel element in them, but you can remove the pure fuel bit.
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Caporegime
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I drove through there last week and thought they'd put that price up by mistake!
This is whats amusing about using 'real terms' pricing to show something 'hasn't really increased' when the item being discussed is a fairly significant part of the metric used to calculate RPI in the first place!
'In real terms fuel hasnt increased, when we use a calculation driven by how much fuel has increased'
Rail tickets are another good one. 'Oh they are only going up by inflation, so really, if they didnt go up, in real terms they'd have gone down'!. Yes, but the tickets themselves are considered in the RPI calculation, so its a self fulfilling prophecy..
You mean the introduction of ethanol
Or maybe/also 95 RON unleaded being introduced in 1986 as an alternative to 100 RON 5 star and 98 RON 4 star, as this table goes back to '83 it therefore crosses over to unleaded at some point?
Soldato
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139.9 just about everywhere I have seen now.
Took a wee trip to try and find some Good year Eagle F1 assymetric's ins tock (and that's another story) but the fuel in our town is the most expensive for miles around. 1.40.9 at the Shell and Morrisons. Even the local independant 'Murco' was 2p cheaper!
Deleted member 66701
Deleted member 66701
It was 70.9p when I filled the Lexus up on Wednesday
Caporegime
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[TW]Fox;23853992 said:This is whats amusing about using 'real terms' pricing to show something 'hasn't really increased' when the item being discussed is a fairly significant part of the metric used to calculate RPI in the first place!
'In real terms fuel hasnt increased, when we use a calculation driven by how much fuel has increased'
Rail tickets are another good one. 'Oh they are only going up by inflation, so really, if they didnt go up, in real terms they'd have gone down'!. Yes, but the tickets themselves are considered in the RPI calculation, so its a self fulfilling prophecy..
Shouldn't underestimate the effect of duty as well. Duty acts as a stabiliser of sorts as it is largely fixed in the short term. Therefore it falls as a percentage if fuel prices rise, softening the relative increase. Similarly it softens fuel price falls (most dramatically visible in Jan 1999).
At a pre-tax level fuel prices have risen very fast recently.
edit:
In fact I may as well just post this. Worth a read.
www.parliament.uk/briefing-papers/sn04712.pdf
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