The Price Of Fuel

Re: The Price Of Fuel

No, during the last fuel protest the price was approaching 90p a litre IIRC. I’d have to check back to make sure though.

The problem is public perception.

Couple that with green taxation “justifying” the price hikes.

The fact that we all think we’re killing polar bears as we drive, buy something or even flush the loo and you have a grip of the basic problem. It is of course much, much more complex than that simplification but, the point is, that a huge number of people don’t care or even think that it’s right that fuel should be so expensive.

Fossil fuels are a dwindling resource however and, regardless of you want to slice it, the price will only rise through time as it becomes scarcer or more costly to deliver.

It’s all a very interesting conundrum from an economist’s (not one that counts numbers) standpoint as you watch governments try to adapt policies to fit the new order and try to keep inflation in check amidst a sea of other issues raised by oil prices rising.

Perhaps we should just do what the hauliers do, charge a fuel surcharge on every call? They will charge 2{e5d1b7155a01ef1f3b9c9968eaba33524ee81600d00d4be2b4d93ac2e58cec2d} on every delivery usually to cover the increase in fuel prices.

Let me make this very clear though, I am not anti-conservationalist or anti-environment in any way, shape or form. I am however extremely opposed to some of the tactics being employed, the scaremongering and the use of “global warming” to raise taxation with no environmental benefit whatsoever. If government wanted an answer to the problem and wanted clean/cleaner energy then they’d invest the tax raised in the endeavour, they don’t. They spend it winning votes or moats, apparently.

Yes, cynical. With good cause until proven otherwise.

K.

Re: The Price Of Fuel

wheres the money going ??

we see them every day …benifit scroungers ..
motability car out side, mostly 50 inch flat screens, cartons of bootleged fags lying around..oh and the big fat sploudger that waves you in as they cant get of their sofa due the massive fry up theyve just ate ..
teenage son sitting in living room playing xbox not a hope of wanting a job as see dad raking it in on benefits ….teenage daughter changing nappy of 2nd child..
makes me sick paying for this lot…and dont get me started on the rest that shouldnt be here…

ally

Re: The Price Of Fuel

Oh I meant to say that…

If you look back closely you will find that fuel duty was increased by 2{e5d1b7155a01ef1f3b9c9968eaba33524ee81600d00d4be2b4d93ac2e58cec2d} to offset the VAT reduction when the sky was falling.

That increase was not removed when the VAT was put back to 17.5{e5d1b7155a01ef1f3b9c9968eaba33524ee81600d00d4be2b4d93ac2e58cec2d}.

So, basically, a 2{e5d1b7155a01ef1f3b9c9968eaba33524ee81600d00d4be2b4d93ac2e58cec2d} hike in taxation that not many people have noticed, except this 17 odd thousand…

http://petitions.number10.gov.uk/DutyReduction/

K.

Re: The Price Of Fuel

The tactics seem to be

1. A big increase because opec or a war or futures players have caused oil per barrel to shoot up
2. It then returns slowly to just above the pre-crisis level but never below.
3. It then creeps slowly back to the ‘crisis’ level.

Its a way of softening up the market (us) so that we become used/resigned to the idea

Re: The Price Of Fuel

lee8 wrote:

I’d like to know which bank lends money to the UK, I thought there was a crisis around the worlds banking sectors, so who lends to countries ?

Other countries, Sovereign Funds 😉