Fuel up/down again

Lakeland · 21 Dec 2015 at 14:56

How do they justify 70% taxation? (assuming fuel was fixed at £1)

Jonnycoupe · 21 Dec 2015 at 15:36

Lakeland said:
How do they justify 70% taxation? (assuming fuel was fixed at £1)

You can live in another country for a while? Soon becomes apparent.

acemastr · 21 Dec 2015 at 16:29

Lakeland said:
How do they justify 70% taxation? (assuming fuel was fixed at £1)

Seen the US debt figures?

OllyM · 21 Dec 2015 at 16:31

acemastr said:
Seen the US debt figures?

And the state of the roads in some states

New Jersey has the second lowest gas tax in the country and it shows - bridges are crumbling, the roads are full of potholes and there's not enough money to fix them.

Lakeland · 21 Dec 2015 at 16:55

Jonnycoupe said:
You can live in another country for a while? Soon becomes apparent.

I know why they do it, I just wondered what their excuse was

wez130 · 21 Dec 2015 at 18:24

I saw diesel here yesterday at 81 cents a litre in one garage That's about 30p, yet it was 115.9c in another garage, crazy how much price fluctuates here between different garages. There's no defined area that prices change, like in city centres of village stations. New Zealand BTW lol.

muon · 21 Dec 2015 at 18:43

Lakeland said:
How do they justify 70% taxation? (assuming fuel was fixed at £1)

Because the tax isn't proportional to price.

Transport spending can't go up an down with the price of crude oil. It needs to be determined in some way by the miles people drive, the number of cars on the road. How many people require public transportation. Environmental impact of cars etc.

[TW]Fox · 21 Dec 2015 at 18:52

muon said:
Because the tax isn't proportional to price.

Actually part of it is - VAT.

grudas · 21 Dec 2015 at 19:10

Tesco in purley was £0.99p so I filled up because my local ones are still around 103-107p

[TW]Fox · 21 Dec 2015 at 19:12

grudas said:
Tesco in purley was £0.99p so I filled up

Good to hear, keep us informed of any more developments in the fuelling of your vehicle.

grudas · 21 Dec 2015 at 19:31

[TW]Fox;28966547 said:
Good to hear, keep us informed of any more developments in the fuelling of your vehicle.

Drop me your email address and I'll message you personally

Jonnycoupe · 21 Dec 2015 at 19:34

grudas said:
Drop me your email address and I'll message you personality

He hasn't got a personality to email - true fact.

[TW]Fox · 21 Dec 2015 at 19:39

Jonnycoupe said:
He hasn't got a personality to email - true fact.

Can confirm, this is true.

grudas · 21 Dec 2015 at 19:40

Jonnycoupe said:
He hasn't got a personality to email - true fact.

Hehe, darn autocorrect

muon · 21 Dec 2015 at 21:30

[TW]Fox;28966465 said:
Actually part of it is - VAT.

How is that relevant?

That isn't a fuel specific tax is it?

Your post before even alludes to the 70p tax component which is fixed (58p+vat on the duty).

Mirage · 22 Dec 2015 at 13:22

My first 99.9p litre the other day. I tend to only put £5 in to keep the car at 25% full and then fill the gas tank, which was 47.7p.

Quite nice considering I've only been driving 4 years, had the X5 for 2 which was roughly £1.20-£1.30 a litre of petrol and 60-75p a litre for gas when I bought it.

TripleT · 22 Dec 2015 at 13:42

I ride past Oldham Costco every morning so fill up there so it's been sub £1 for weeks for regular. Been using "Premium" aka super as why the hell not when it's that cheap. Don't know any details on it mind

Have seen a Texaco branded tanker dropping it's load at the station so figure it's that?

faheemrazzaq · 22 Dec 2015 at 13:54

at this low oil price, oil companies do not make any money. actually they run into negative clash flows and end up paying no tax, which means government also loses its revenue so I can see why government want to take a few pennies more out of our pockets.

cadmunkey · 22 Dec 2015 at 13:58

BP Ultimate still 134p at our local station. Reckons he bought 50,000 litres when prices were higher and wont drop it until its all gone and he gets some more in. And he's wondering why its not shifting!

muon · 22 Dec 2015 at 18:45

cadmunkey said:
BP Ultimate still 134p at our local station. Reckons he bought 50,000 litres when prices were higher and wont drop it until its all gone and he gets some more in. And he's wondering why its not shifting!

Well he won't be selling that for quite some time.

Petrol prices aren't going that high any time soon.

Surely he has to actually make sales to pay the rent and bills?

I'm also amazed that petrol stations bear the risk of price changes. Surely they have some hedge in place with the supplier.