Bloody hell, I paid a litre today for diesel :mad: Admittedly it was at a services on the A1 but even so still bloody expensive......and the price of crude is still only around $78 a barrel!!!
What are the prices around other parts of the country?
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Price of fuel
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Hi Max...
In kent where I am it is roughly £110.
When oil was rising last year nearly every day it seemed, the price of fuel was going up on a weekly basis.
Then oil dropped from I think about $140 a barrel to about $65 a barrel up until recently yet...the cost of fuel hardly went down at all. It seems they are very quick to put the prices up, but very slow to put them down again....some company is making a shed load of money out of the motorist as usual.
The motorist = easy target!!
In kent where I am it is roughly £110.
When oil was rising last year nearly every day it seemed, the price of fuel was going up on a weekly basis.
Then oil dropped from I think about $140 a barrel to about $65 a barrel up until recently yet...the cost of fuel hardly went down at all. It seems they are very quick to put the prices up, but very slow to put them down again....some company is making a shed load of money out of the motorist as usual.
The motorist = easy target!!
Quote by TheLovelyOne
In kent where I am it is roughly £110.
Wow! Inflation's out of control in the garden of England. Here in the land of my fathers I've just filled up at
Think I have a slow puncture too ...
no wonder you ride a bike Kenty!!Just checked and its at a local Tesco garage.........thats £5 gallon. What happened to the fuel protestors?
Sex God
Diesel is about £1-10 a litre round here but petrol especially the high octane 98 or 99 RON is about £1-25 per litre and I use the high octane stuff in my "other" car so dont do too many miles in that one
Orgasminator
Here goes for the uninitiated in the glamorous world of Oil.
1 Barrel of Crude Oil = 35 Imp. Gallons / 159 Litres.
Current price of a barrel is approx $ (23/01/2010)
The dollar exchange rate is 1 – GBP
So 1 barrel costs GBP
To this Oil Companies now need to add the transportation of the crude from source (Gulf/North Sea/West Africa etc) to a UK refinery (Exxon @ Fawley / Shell @ Stanlow / BP @ Grangemouth / Conoco @ Immingham Texaco/Gulf @ Pembroke etc).
Depending on the time of year and product mix requirements, various different quality crude oils are mixed and refined to produce the various distillates (Diesel, Gasoline BS4040 or BS7070, Avgas, Bitumen, Heating Oil, Marine Bunker etc. along with various chemicals for use in plastics, washing powders etc.)
On average 40 percent of a barrel is refined into either diesel or gasoline for use by the UK consumer. With a ‘refinery gate’ price of
To this the Government ‘Fuel Tax’ adds for unleaded petrol or diesel, for Leaded petrol, for bio-diesel or bio-ethanol.
At this point the Oil Companies add the ‘distribution and storage cost’ to the regional Distribution Depots via the UK Fuel pipeline, rail or road tanker.
When a petrol station orders a delivery usually 35,000 litres (CORRECTION 43,000Ltrs) (max UK tanker capacity) this leaves the distribution depot at to which the retailer will add their profit margin (approx ) giving a pump price of plus VAT at 17.5 percent ( ). So the price you will be paying in March/April will be when crude purchased yesterday by the Oil companies arrives in the underground tank at your local Service Station.
For the ‘eagle eyed’ SH member you will have spotted the Government applies VAT to the ‘Fuel Tax’ so you get taxed on the fuel tax ( ) this is the only country to do this ‘double-dip taxing’. The even more aware will also spot that the Government will add an additional Fuel Tax on the 1st April 2010 making it (including the increased VAT on the )
1 Barrel of Crude Oil = 35 Imp. Gallons / 159 Litres.
Current price of a barrel is approx $ (23/01/2010)
The dollar exchange rate is 1 – GBP
So 1 barrel costs GBP
To this Oil Companies now need to add the transportation of the crude from source (Gulf/North Sea/West Africa etc) to a UK refinery (Exxon @ Fawley / Shell @ Stanlow / BP @ Grangemouth / Conoco @ Immingham Texaco/Gulf @ Pembroke etc).
Depending on the time of year and product mix requirements, various different quality crude oils are mixed and refined to produce the various distillates (Diesel, Gasoline BS4040 or BS7070, Avgas, Bitumen, Heating Oil, Marine Bunker etc. along with various chemicals for use in plastics, washing powders etc.)
On average 40 percent of a barrel is refined into either diesel or gasoline for use by the UK consumer. With a ‘refinery gate’ price of
To this the Government ‘Fuel Tax’ adds for unleaded petrol or diesel, for Leaded petrol, for bio-diesel or bio-ethanol.
At this point the Oil Companies add the ‘distribution and storage cost’ to the regional Distribution Depots via the UK Fuel pipeline, rail or road tanker.
When a petrol station orders a delivery usually 35,000 litres (CORRECTION 43,000Ltrs) (max UK tanker capacity) this leaves the distribution depot at to which the retailer will add their profit margin (approx ) giving a pump price of plus VAT at 17.5 percent ( ). So the price you will be paying in March/April will be when crude purchased yesterday by the Oil companies arrives in the underground tank at your local Service Station.
For the ‘eagle eyed’ SH member you will have spotted the Government applies VAT to the ‘Fuel Tax’ so you get taxed on the fuel tax ( ) this is the only country to do this ‘double-dip taxing’. The even more aware will also spot that the Government will add an additional Fuel Tax on the 1st April 2010 making it (including the increased VAT on the )
Sex God
Quote by Gufuncouple
When a petrol station orders a delivery usually 35,000 litres (max UK tanker capacity)
/Anorak
The max capacity for a petrol tanker is 43000 ltrs....
I used to build them ;-)
*Anorak mode off*
Orgasminator
Quote by Steve
When a petrol station orders a delivery usually 35,000 litres (max UK tanker capacity)
/Anorak
The max capacity for a petrol tanker is 43000 ltrs....
I used to build them ;-)
*Anorak mode off*
Well spotted Anorak - Geek out
Sex God
Quote by Gufuncouple
When a petrol station orders a delivery usually 35,000 litres (max UK tanker capacity)
/Anorak
The max capacity for a petrol tanker is 43000 ltrs....
I used to build them ;-)
*Anorak mode off*
Well spotted Anorak - Geek out
:lol2:
Sex God
Quote by Gufuncouple
............... 1st April 2010 making it (including the increased VAT on the )
At which point I'll be storming parliament and throwing white spirit Molatovs 'cos petrol ones are too fLucking expensive! :shock:
That post should set off enough government alarms for the local bill to come knocking at my door too. :lol2:
Quote by Gufuncouple
Here goes for the uninitiated in the glamorous world of Oil.
1 Barrel of Crude Oil = 35 Imp. Gallons / 159 Litres.
Current price of a barrel is approx $ (23/01/2010)
The dollar exchange rate is 1 – GBP
So 1 barrel costs GBP
snip........
Oil at $74 a barrel equates to approx £45 not
Orgasminator
D'oh :doh:
It's saturday >> makes mental note no maths on Saturday forum posts
It's saturday >> makes mental note no maths on Saturday forum posts
Sex God
Quote by TheLovelyOne
They tell you the fuel prices near any given post code. If you sign up they'll email you each week to let you know where's cheapest! :thumbup:
I went for a look... why would one Morrisons be cheaper than one 2 miles up the road! Not that I fill up there!
I once asked this of two local tescos stores, and the reply was that each store competes with its most local competitor and they there for do not have a set price throughout the company
Orgasminator
Update:
You heard it here 1st folks!
You heard it here 1st folks!
Quote by Gufuncouple
Here goes for the uninitiated in the glamorous world of Oil.
1 Barrel of Crude Oil = 35 Imp. Gallons / 159 Litres.
Current price of a barrel is approx $ (23/01/2010)
The dollar exchange rate is 1 – GBP
So 1 barrel costs GBP
To this Oil Companies now need to add the transportation of the crude from source (Gulf/North Sea/West Africa etc) to a UK refinery (Exxon @ Fawley / Shell @ Stanlow / BP @ Grangemouth / Conoco @ Immingham Texaco/Gulf @ Pembroke etc).
Depending on the time of year and product mix requirements, various different quality crude oils are mixed and refined to produce the various distillates (Diesel, Gasoline BS4040 or BS7070, Avgas, Bitumen, Heating Oil, Marine Bunker etc. along with various chemicals for use in plastics, washing powders etc.)
On average 40 percent of a barrel is refined into either diesel or gasoline for use by the UK consumer. With a ‘refinery gate’ price of
To this the Government ‘Fuel Tax’ adds for unleaded petrol or diesel, for Leaded petrol, for bio-diesel or bio-ethanol.
At this point the Oil Companies add the ‘distribution and storage cost’ to the regional Distribution Depots via the UK Fuel pipeline, rail or road tanker.
When a petrol station orders a delivery usually 35,000 litres (CORRECTION 43,000Ltrs) (max UK tanker capacity) this leaves the distribution depot at to which the retailer will add their profit margin (approx ) giving a pump price of plus VAT at 17.5 percent ( ). So the price you will be paying in March/April will be when crude purchased yesterday by the Oil companies arrives in the underground tank at your local Service Station.
For the ‘eagle eyed’ SH member you will have spotted the Government applies VAT to the ‘Fuel Tax’ so you get taxed on the fuel tax ( ) this is the only country to do this ‘double-dip taxing’. The even more aware will also spot that the Government will add an additional Fuel Tax on the 1st April 2010 making it (including the increased VAT on the )
I remember the fuel protests when petrol got to 80p a litre.
Now it is going to be a third higher than that.
I wonder if this useless Government will dare put it up when the next fuel duty rise is due in the next couple of weeks?
Someone is making an absoloute killing here, and it certainly is not the motorist....easy targets!!!!!!!!!!!!
Now it is going to be a third higher than that.
I wonder if this useless Government will dare put it up when the next fuel duty rise is due in the next couple of weeks?
Someone is making an absoloute killing here, and it certainly is not the motorist....easy targets!!!!!!!!!!!!
Sex God
Quote by northwest-cpl
Now it is going to be a third higher than that.
120p is 50% (half) higher than 80p. Just as well the old education system taught basic maths so well.
A windfall tax on the oil companies seems like a good idea at the moment.
Dunno about the oil companies. Their profit on oil and oil products seems pretty reasonable to me considering the astronomical and not always successful up front costs that they have to speculate.
The problem is tax which in this country is unacceptably high and remember that we are unique in this country in that the fuel (duty) tax is also taxed !!
Still, get the taxes up and price the poorer social and working classes off the roads. Free up the roads a bit for the well off. That seems like a good plan eh ??
