Chat & Social > The Bar - General Chat
fuel prices
Boddle:
Yes I'm aware of that but we generally don't see that at the pump $90 is for a Barrel of Crude oil which is sold not just as petrol and Diesel and the price of plastic and many other things made from crude has not risen by nearly 1/3 in the last 2 or 3 years.
What we see at the pumps is because the Tax figure on Petrol and Diesel is at around 400% so an increase by the fuel companies is 1/5 (1p increase = 5p to you and I) of what we see at the pumps. taking that into account.
2 Years (or however long ago was it's not that long ago) prices were roughly 70p Litre
now 100p Litre
6p of that is due to increase in price
24p of that is due to increase in TAX
now if the TAX was a given figure E.I 50p a litre we would only seen 6p increase over that time, roughly in line with inflation(2-3%) I don't have problems with that. but I do have a problem with addition of 24p over that period which take your increase in price up to near 15% each year
Now in the case of Veg Oil you if you go over your 2500L Pa Limited you pay 25p(or whatever the figure) a litre that doesn't matter whether there is an increase in the price you pay for the veg oil you still only 25p in tax.
Gordon Brown has given himself the ability to tax us more. if the price of Petrol and Diesel dropped like a stone tomorrow because some one had found a new field of the stuff I bet they would increase the percentage of tax so we do not see the difference.
Our Fuel Taxation is the problem not the increases by fuel companies
Evilgoat:
--- Quote from: "Boddle" ---
Gordon Brown has given himself the ability to tax us more. if the price of Petrol and Diesel dropped like a stone tomorrow because some one had found a new field of the stuff I bet they would increase the percentage of tax so we do not see the difference.
--- End quote ---
I beleive the crude priced have dropped a couple of times in the past and the fuel price hasnt.
V8MoneyPit:
--- Quote from: "Boddle" ---..... the price of plastic and many other things made from crude has not risen by nearly 1/3 in the last 2 or 3 years.
--- End quote ---
But that's because all the consumer goods are coming from a cheap labour country, China..... the very same country that is demanding all the oil to fuel it's huge growth rate. Like I said, China would take all the oil the world has if it could. This means the producers can pretty much charge what they like to the rest of the world.
The cost of oil in plastics, etc. forms a very small percentage of the total cost of the final product. With fuel oils, it forms a much larger percentage of the final cost.
Biodiesel-Bev:
--- Quote from: "Wolfie" ---If fuel duty was to be reduced................
What tax will you be happy with them increasing to make up the difference?
Or what public service will you be happy with being reduced?
[
--- End quote ---
How about if Gordon Brown changed his mind about giving Israel £500 million, which i heard on the radio last week. :shock:
Boddle:
--- Quote from: "V8MoneyPit" ---
--- Quote from: "Boddle" ---..... the price of plastic and many other things made from crude has not risen by nearly 1/3 in the last 2 or 3 years.
--- End quote ---
But that's because all the consumer goods are coming from a cheap labour country, China..... the very same country that is demanding all the oil to fuel it's huge growth rate. Like I said, China would take all the oil the world has if it could. This means the producers can pretty much charge what they like to the rest of the world.
The cost of oil in plastics, etc. forms a very small percentage of the total cost of the final product. With fuel oils, it forms a much larger percentage of the final cost.
--- End quote ---
Not talking about consumer good I talking from a manufacturing point of view (Automotive design Engineer) and Crude is a major source of most of plastics that we use. Other oil like engine oil and hypoid 90 have seen the excesses that Petrol and Diesel have.
All I'm trying to point out is that there is no point to fighting the oil companies on the price we have now as most of the increase is due to way it is taxed not the price of fuel.
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