Petrol Prices.....

[tomjackson]

Are probably the reason somebody drilled a hole in my petrol tank to steal the petrol.

5 cars on my road got done and the worst part is they didn't get any fuel out of ours, it just p!ssed out when we drove down the road.  It not good having petrol gushing out from your car when you have a 1 and 3 year old in the back.

Absolute tw*ts.

[Twinfan]

Jeez!  Nightmare!

[MrBump]

Drilling into metal near petrol?

Surely not a great idea...

[Stevepage]

Prices will only go up and up. They'll never go down now, those of us who need a car to get about and don't earn a lot of money will suffer. $%&#ing up everything for everyone except those with lots of money. What a surprise.

Nothing like a fuel duty hike to kick us while were down, well done.

[WezV]

in real terms fuel duty is making very little difference.  Its pointless and definately sucks but 1p extra isnt breaking the bank. 

The poor exchange rate is really not helping things at the moment and they should have considered that when doing the bloody budget

[Will]

The price of a barrel of oil is far less than what it was though, and the companies still have the nerve to slowly increase it to last years high.

Isn't it about $80 a barrel, and last year was $140

[Stevepage]

Yep, prices of barrels are alot less than what they were, but we're supposed to believe that exchange rates are the reason why prices per litre are high.

My arse, it's pure greed. When I started driving november 2008 it was .89p a litre and that was when barrel prices were high.

[38thBeatle]

I think it is the rate of exchange that is causing the situation.

[WezV]

it's pure greed.

always a factor ;)

[HTH AMPS]

Here's what I found based on 2007 prices, but its much the same now in terms of what is included in your '£1 of petrol'...  This breakdown is based on the assumption of a £1 per litre of petrol...

* Petrol Fuel Duty - 48.35p
* VAT (17.5%) - 14.9p
* Refinery Petrol Costs - 31.75p
* Forecourt Costs - 3p
* Forecourt Profit - 2p

This means that...

* the forecourt is 5%
* the oil cost is ~32%
* and taxation ~63%

[dave_mc]

that sucks :(

[38thBeatle]

Ah but at least we know the taxation is being wisely spent.

[Stevepage]

They do need those renovations on their second houses now don't they  :shock:

[blue]

yes, i feel much happier knowing the huge amounts i've had to spend on petrol, road tax, insurance tax, VAT, purchase tax and any others i've missed out has helped to keep some ducks dry in the rain.

[dave_mc]

it's not the ducks I'm so worried about as the bailout of the banks. Granted the MPs were up to all kinds of gip, but it's a drop in the ocean compared to the bailouts. and the way it's been done has basically propped up a dodgy system with no assurances that it won't happen again (in fact, arguably increasing the chances that it will).