Record Fuel Prices

Third Opinion · 25 Jul 2006 at 18:13

If this carries on watch the value of anything over 2 litre plummet just like in the 70's. Along with the continual threat of being clobbered with higher road tax I think it could be a real bad time to own a gas guzzler.

teaboy5 · 25 Jul 2006 at 21:05

Trickle said:
As usual he posts what half the rest of us think.

Why did you post the 'if we cut back it will help' comment? Was that helpful? Could I not look that up on google as you suggest you could have with Foxs comment?

Not all of us think we should be paying more for fuel than the rest of Europe when, as pointed out inderectly by Fox, we know its got little to do with saving the world and everything to do with government taxation needs.

You missed the joke, i know fox and he loves to hear me talk about oil and so on. So shhh

#Chri5# · 26 Jul 2006 at 14:48

clv101 said:
Interesting to see the price difference between petrol and diesel come down so much.

On the A55 this morning, I noticed an Esso which has diesel 1p/litre cheaper than petrol, something I've not seen for a long long time.

Doonhamer · 26 Jul 2006 at 14:54

Diesel has been cheaper than unleaded by two pence per litre here for a couple of weeks. The diesel drivers must be loving it just now, there tank of fuel is cheaper and goes further.

BeatMaster · 26 Jul 2006 at 15:05

Doonhamer said:
Diesel has been cheaper than unleaded by two pence per litre here for a couple of weeks. The diesel drivers must be loving it just now, there tank of fuel is cheaper and goes further.

Although Diesel is still more expensive here than Petrol, I don't mind really, because we have a Diesel and Petrol car in the family so

BeatMaster

Scrutinize · 26 Jul 2006 at 15:12

Optimax on the A31 was 103.9 today

Tescos super is the cheapest HO fuel I have seen.

James_N · 26 Jul 2006 at 15:19

Tesco's is about the cheapest round here now.

clv101 · 30 Jul 2006 at 10:57

clv101 said:
My local Tesco had sold out of diesel today! Ended up paying 99.9p at Texaco, funny thing was the petrol there was also 99.9p! Diesel always seems cheap when it's the same as petrol... as I can go so much further on it!

Okay this surprised me... I always fill up at Tesco and most of my driving is my commute to work (5 miles motorway, 1 mile of A-road and 20 miles of fast B-road, (average speed over whole journey ~40mph). I usually get around 47-50mpg on that route. Since being forced to fill up at Texaco I've been getting 52-54mpg all this week on the same trip! That's almost a 10% improvement yet nothing else changed (all according to the trip computer).

I've always been totally dismissive of people suggesting that fuels vary from different petrol stations but due to this personal experience now I'm not so sure.

Kappa · 30 Jul 2006 at 11:06

can you believe this? The BP near my work ran out of regular unleaded and only had Ultimate and Diesel....!!!

105.4p per litre!!!!!

suffice to say I still filled up a full tank....phwoar...got about 10bhp extra..i can feel it i swear, and my economy has gone up to 900mpg!

silversurfer · 30 Jul 2006 at 11:07

Any increase in price is an increase in vat so dont worry about the government losing out, they can afford not to increase duty

clv101 · 30 Jul 2006 at 11:11

silversurfer said:
Any increase in price is an increase in vat so dont worry about the government losing out, they can afford not to increase duty

Well, not really. Since if you've spend an extra £1 on a tank of fuel and therefore have given an extra 17.5p to Brown you haven't got the £1 to spend on something else, you'll be spending £1 less on DVDs so Brown'll lose the 17.5p he would have got otherwise.

barnettgs · 30 Jul 2006 at 11:15

clv101 said:
I've always been totally dismissive of people suggesting that fuels vary from different petrol stations but due to this personal experience now I'm not so sure.

It does...

The worst I had was 450 miles on one tank, after filling it up at unbranded filling station. I'm light-footed, my car was bit sluggish during that time.

I usually averaged 550 miles per tank.

I usually wait for fuel indicator to lit on first (and some miles) before filling it up to full so you could be able to tell the difference.

I use Texaco and Maxol regularly and I would stay away from Shell but maybe its supplier varys across UK.

silversurfer · 30 Jul 2006 at 11:16

He gets more tax off fuel then a dvd, duty, vat and vat on the duty. Tax levied on a tax, we're the only country in the world to do that I think

clv101 · 30 Jul 2006 at 11:26

silversurfer said:
He gets more tax off fuel then a dvd, duty, vat and vat on the duty. Tax levied on a tax, we're the only country in the world to do that I think

That's irrelevant since the duty (and therefore the VAT on the duty) has stayed fixed since Oct03. We're talking about the additional VAT due to the price of oil going up.

[TW]Fox · 30 Jul 2006 at 17:59

clv101 said:
Well, not really. Since if you've spend an extra £1 on a tank of fuel and therefore have given an extra 17.5p to Brown you haven't got the £1 to spend on something else, you'll be spending £1 less on DVDs so Brown'll lose the 17.5p he would have got otherwise.

Erm, thats an overly simplistic way of looking at it.

I'm certainly not spending less than I normally would on anything else as a result of increasing fuel prices.

clv101 · 30 Jul 2006 at 18:12

[TW]Fox said:
Erm, thats an overly simplistic way of looking at it.

I'm certainly not spending less than I normally would on anything else as a result of increasing fuel prices.

No? Has your income has increased in line with fuel prices, are you now saving a little less due to the fuel prices or are you borrowing to cover the increased costs? It’s got to be one of those three hasn’t it? The saving and borrowing points are only short terms since saving are eventually spend and borrowing eventually repaid. So in the long term fuel price rises will result in spending less on other things unless your income rises to compensate.

The concept is simplistic, I'm just saying that if you spend more on one thing you have to spend less on something else, is that not the case?

I guess it could be argued that if you spend more on fuel and less of something that doesn't attract VAT (like food or books) then the government is getting more VAT... but since most things attract VAT I think my comment is reasonable.

[TW]Fox · 30 Jul 2006 at 18:16

clv101 said:
The concept is simplistic, I'm just saying that if you spend more on one thing you have to spend less on something else, is that not the case?

Only if every month, your finances are stretched to the limit.

clv101 · 30 Jul 2006 at 18:17

[TW]Fox said:
Only if every month, your finances are stretched to the limit.

Then you're saving less each month... and since savings are eventually spent then eventually you are spending less on other things.

[TW]Fox · 30 Jul 2006 at 18:30

clv101 said:
Then you're saving less each month... and since savings are eventually spent

On used cars from private sellers with no VAT..

clv101 · 30 Jul 2006 at 18:40

[TW]Fox said:
On used cars from private sellers with no VAT..

Good point.