petrol prices

[clv101]

National average is fake, i saw probably one garage below £1.10 (asda), so the average can't have been below that.

Yeah, I'm sure the dozen garages you've seen enable you to calculate a more accurate national average than The AA/Experian Catalist.

 

[Jono]

Diesel has gone up 1p a day at the nearest BP garage this week. Currently 123.9/L

 

[Third Opinion]

Pretty much everywhere here is 109.9p for petrol - seems that the garages dont want to break the 110p barrier at the moment, but once they do I'd bet it will leap towards 119p pretty quickly.

£1.12 this morning at my local shell garage.

I see oil was trading at close to $127 yesterday.

 

[Stonedofmoo]

119.9p for a litre of diesel here in the south, but we always seem to be at the lower end of the market.

I'm glad I don't have to pay it!

 

[Third Opinion]

119.9p for a litre of diesel here in the south, but we always seem to be at the lower end of the market.

I'm glad I don't have to pay it!

You do though, inflation is running at 3% so price rises in fuel effect other purchases as well.


I wonder if oil will hit $130 a barrel by the end of the week?

 

[Stonedofmoo]

Ah true, but Veg oil is VAT free and tax free too so its much less.

Diesel would be much cheaper than Veg oil if it wasn't for taxes.

 

[PiKe]

Ah true, but Veg oil is VAT free and tax free too so its much less.

Diesel would be much cheaper than Veg oil if it wasn't for taxes.

You're supposed to pay tax on it if you use it in your car.

 

[Stonedofmoo]

No the law was changed in June last year. You only have to pay tax if you use more than 2500 litres a year

 

[Muffin`]

http://www.nytimes.com/2008/05/14/business/14refine.html

Link about the US comsumption falling 3.3% since last year and refineries reciving a squeeze because of decreased demand at the pumps.

Would a similar percentage be seen here or will the high tax cushion it to a 1-2% drop?

 

[The_Dark_Side]

No the law was changed in June last year. You only have to pay tax if you use more than 2500 litres a year

Is it use 2500 litres/year or produce 2500 litres per year?
I can't remember, tbh.

 

[Scottland]

AFAIK it's to use 2,500 litres.

 

[Hxc]

108.8 cheapest here now.

 

[DB_SamX]

Overnight a local petrol station's unleaded price has shot up from 110.9 to 115.9 - very odd. Still, Sainsbury's 3 miles down the road is still at 110.9.

 

[norm]

Anybody contemplated buying an electric car? Not one of those noddy type electric cars you see, but something with a bit more class like the Tesla Roadster.

I think now with the cost of fuel sky-rocketing and tax subsidies for environmentally friendly cars, there's real savings to be had.

 

[[TW]Fox]

Anybody contemplated buying an electric car? Not one of those noddy type electric cars you see, but something with a bit more class like the Tesla Roadster.

No, as it's not fully commercially available and is the only car of its type and thus very expensive.

 

[Glaucus]

Paid £1.29 for diesel yesterday already used half a tank

If this carries on I can see electric cars becoming very popular. Most family could have one electric for 1 to commute. And a petrol for the other person and for family trips/long-distance.

If it wasn't for tax and insurance It would be great to have a 2nd vehicle just for commuting.

 

[Stonedofmoo]

Is it use 2500 litres/year or produce 2500 litres per year?
I can't remember, tbh.

Produce. But technically you're a producer if you buy it from a supermarket it and use it, because it's not a listed road fuel.

 

[Simon]

You'll pay VAT on it though

 

[Jonners]

Local Shell station is now selling standard unleaded for 111.9 as of now, was only 109.9 at lunchtime

 

[The_Dark_Side]

You'll pay VAT on it though

Isn't there some scope to claim it back on the first 2500 litres though?