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Fuel costs

RogerS

RogerS

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It's almost pleasurable filling up these days with diesel at 114.9 and petrol 105.9 !!
 
Shame the UK doesn't sell E10 petrol that is even cheaper, €1.21 or about £0.95 :D

edit BTW diesel at €1.1 or about £0.86
 
Doesn't seem all that long ago that there were protests and rolling road blockades by hauliers when petrol prices exceeded £1 per litre. Now we are happy it is coming down to that price and celebrating 'only' paying 100p per litre as if it is fantastic news. Pretty sure it will bite us in the future - it is currently lowing inflation very quickly and running the risk of deflation (already reached in the eurozone) and when it goes back up again it will increase inflation and cause more recriminations as wages fail to keep pace with the 'cost of living'.

Steve
 
It should be a lot cheaper - the oil companies are not passing on anywhere near the new reduced oil prices. Expected to get even lower.

Rod
 
Rod":gchdjqcn said:
It should be a lot cheaper - the oil companies are not passing on anywhere near the new reduced oil prices. Expected to get even lower.

Rod
Click to expand...

The thing is, Rod, that the vast majority of what you're paying is taxes, not oil cost. I filled up my car yesterday for $1.73 a gallon. I think that converts into 30.3p per liter, if I've done my conversions right. I'd be willing to bet that 80% of the difference between what you and I pay is taxes, not from the oil companies.

I'm not defending them. I was paying up to $3.50 a gallon last summer, and they'd still be charging that if they could get away with it. Diesel is 50 cents a gallon more, which is a nearly 30% premium over gasoline, and a lot of that is because a many people in the northeast US use heating oil in their homes, which is essentially diesel fuel, so it boosts demand.

So blame the oil companies. But if you really want a price cut, talk to your politicians.

Kirk
 
I agree it's well known that Gov taxes add a vast amount to our fuel prices (supposedly for "Green"purposes) but the oil companies waste no time putting up prices whenever crude oil rates raise - they are extremely slow in reducing prices when the opposite happens. Our Chancellor (Osborne) has been threatening the oil companies recently but then again we have a General Election in four months time [emoji3]

Rod
 
Fuel prices for motoring may be coming down, but it's not reflected in air fares. We have a son in San Francisco and try to fly over to see him every 18 months or so. Last time we went in Sept 2013 we paid £485 for a direct flight. Cheapest we can find for this coming September is currently £739 which is a 52% increase in under 2 years.
 
I agree. Surely the air fuel surcharge should be dropped? We belong to the BA Airmiles scheme. They are shysters in some ways compared to other air mileage schemes such as YourPoints in that although the seats are free you get clobbered for all manner of taxes. Typically a ticket to NY picked up something like £500 in various taxes last time I looked. Yet when we used Yourpoints to Milan there were no surcharges. Maybe it's a longhaul thing?
 
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