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OPEC Graph

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  • P phannon86

    We knew this already, there are so many pointless petitions to lower the taxes. The government are too reliant on this tax now. My most recent fill-up was £50 on my little hatchback... and it wasn't that empty... and it didn't even click off automatically, I just gave up at £50.

    He who makes a beast out of himself gets rid of the pain of being a man

    R Offline
    R Offline
    Russell Jones
    wrote on last edited by
    #7

    then again with current oil prices they'll be making way more in VAT and corporation tax from the sale. Fuel duty is only part of the money the government gets from the sale of fuel.

    1 Reply Last reply
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    • N NormDroid

      Who gets what[^] I see the UK population and being stung by our own government.

      www.software-kinetics.co.uk

      C Offline
      C Offline
      Colin Angus Mackay
      wrote on last edited by
      #8

      norm .net wrote:

      I see the UK population and being stung by our own government.

      That graph is well out of date if it is suggesting $1.25 per litre of petrol at the pumps. I filled up at the weekend and paid £1.15 (over $2.00) per litre. It now costs me £10 ($20) more to fill the tank than it did a year ago. The cost of fuel is totally absurd. About a year or two ago the difference in price between a litre of deisel and petrol was about a penny or two. Now the gap is much wider! No wonder haulage companies are being hit hard. No wonder inflation is beginning to spiral out of control if it costs vastly more to transport it to the shops.

      Recent blog posts: * Introduction to LINQ to XML (Part 1) - (Part 2) - (part 3) My website | Blog

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      • C Colin Angus Mackay

        norm .net wrote:

        I see the UK population and being stung by our own government.

        That graph is well out of date if it is suggesting $1.25 per litre of petrol at the pumps. I filled up at the weekend and paid £1.15 (over $2.00) per litre. It now costs me £10 ($20) more to fill the tank than it did a year ago. The cost of fuel is totally absurd. About a year or two ago the difference in price between a litre of deisel and petrol was about a penny or two. Now the gap is much wider! No wonder haulage companies are being hit hard. No wonder inflation is beginning to spiral out of control if it costs vastly more to transport it to the shops.

        Recent blog posts: * Introduction to LINQ to XML (Part 1) - (Part 2) - (part 3) My website | Blog

        N Offline
        N Offline
        NormDroid
        wrote on last edited by
        #9

        Probably OPEC can't keep up with updating the graph because the price of Oil is increasing every second. The Oil bubble is about to burst, soon I hope.

        www.software-kinetics.co.uk

        1 Reply Last reply
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        • C Colin Angus Mackay

          norm .net wrote:

          I see the UK population and being stung by our own government.

          That graph is well out of date if it is suggesting $1.25 per litre of petrol at the pumps. I filled up at the weekend and paid £1.15 (over $2.00) per litre. It now costs me £10 ($20) more to fill the tank than it did a year ago. The cost of fuel is totally absurd. About a year or two ago the difference in price between a litre of deisel and petrol was about a penny or two. Now the gap is much wider! No wonder haulage companies are being hit hard. No wonder inflation is beginning to spiral out of control if it costs vastly more to transport it to the shops.

          Recent blog posts: * Introduction to LINQ to XML (Part 1) - (Part 2) - (part 3) My website | Blog

          M Offline
          M Offline
          martin_hughes
          wrote on last edited by
          #10

          People will just start driving off of forecourts without paying if it continues. If enough people do it the law will be powerless to stop them and then maybe, just maybe, Fatty B and Capt. Darling will take a hint. Although on Radio 4 this morning a spokesman said the Government is "listening". Well, that's alright then :)

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          • M martin_hughes

            People will just start driving off of forecourts without paying if it continues. If enough people do it the law will be powerless to stop them and then maybe, just maybe, Fatty B and Capt. Darling will take a hint. Although on Radio 4 this morning a spokesman said the Government is "listening". Well, that's alright then :)

            N Offline
            N Offline
            NormDroid
            wrote on last edited by
            #11

            martin_hughes wrote:

            Fatty B and Capt. Darling

            :laugh: Their days are numbered, I bet Blair his laughing his socks off.

            martin_hughes wrote:

            Although on Radio 4 this morning a spokesman said the Government is "listening".

            Yeah with a pair of Ear Defenders on.

            www.software-kinetics.co.uk

            1 Reply Last reply
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            • C Colin Angus Mackay

              norm .net wrote:

              I see the UK population and being stung by our own government.

              That graph is well out of date if it is suggesting $1.25 per litre of petrol at the pumps. I filled up at the weekend and paid £1.15 (over $2.00) per litre. It now costs me £10 ($20) more to fill the tank than it did a year ago. The cost of fuel is totally absurd. About a year or two ago the difference in price between a litre of deisel and petrol was about a penny or two. Now the gap is much wider! No wonder haulage companies are being hit hard. No wonder inflation is beginning to spiral out of control if it costs vastly more to transport it to the shops.

              Recent blog posts: * Introduction to LINQ to XML (Part 1) - (Part 2) - (part 3) My website | Blog

              R Offline
              R Offline
              rastaVnuce
              wrote on last edited by
              #12

              Colin Angus Mackay wrote:

              The cost of fuel is totally absurd. About a year or two ago the difference in price between a litre of deisel and petrol was about a penny or two. Now the gap is much wider!

              I suppose you're saying that diesel is more expensive, right? I mean, that's the trend lately... My question is... How can diesel, which is cheaper to produce, be more expensive than petrol?

              To hell with circumstances; I create opportunities.

              M 1 Reply Last reply
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              • L Lost User

                first u do a revolution ;P and then you claim for independence :laugh:

                P Offline
                P Offline
                peterchen
                wrote on last edited by
                #13

                Third, when some country offers to bring your democracy, you find a hole to hide in. :D

                We are a big screwed up dysfunctional psychotic happy family - some more screwed up, others more happy, but everybody's psychotic joint venture definition of CP
                blog: TDD - the Aha! | Linkify!| FoldWithUs! | sighist

                L 1 Reply Last reply
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                • M martin_hughes

                  People will just start driving off of forecourts without paying if it continues. If enough people do it the law will be powerless to stop them and then maybe, just maybe, Fatty B and Capt. Darling will take a hint. Although on Radio 4 this morning a spokesman said the Government is "listening". Well, that's alright then :)

                  T Offline
                  T Offline
                  Tony Richards
                  wrote on last edited by
                  #14

                  martin_hughes wrote:

                  People will just start driving off of forecourts without paying if it continues

                  People are apparently already trying. According to the news, some places have started putting spikes down to stop people getting away with it. Think I'll stick to my bicycle...

                  1 Reply Last reply
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                  • P peterchen

                    Third, when some country offers to bring your democracy, you find a hole to hide in. :D

                    We are a big screwed up dysfunctional psychotic happy family - some more screwed up, others more happy, but everybody's psychotic joint venture definition of CP
                    blog: TDD - the Aha! | Linkify!| FoldWithUs! | sighist

                    L Offline
                    L Offline
                    Lost User
                    wrote on last edited by
                    #15

                    This is Bull shit :mad:

                    realJSOPR 1 Reply Last reply
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                    • M martin_hughes

                      People will just start driving off of forecourts without paying if it continues. If enough people do it the law will be powerless to stop them and then maybe, just maybe, Fatty B and Capt. Darling will take a hint. Although on Radio 4 this morning a spokesman said the Government is "listening". Well, that's alright then :)

                      P Offline
                      P Offline
                      Pete OHanlon
                      wrote on last edited by
                      #16

                      martin_hughes wrote:

                      Although on Radio 4 this morning a spokesman said the Government is "listening".

                      Well, it's easier than doing.

                      Deja View - the feeling that you've seen this post before.

                      My blog | My articles

                      M 1 Reply Last reply
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                      • P Pete OHanlon

                        martin_hughes wrote:

                        Although on Radio 4 this morning a spokesman said the Government is "listening".

                        Well, it's easier than doing.

                        Deja View - the feeling that you've seen this post before.

                        My blog | My articles

                        M Offline
                        M Offline
                        martin_hughes
                        wrote on last edited by
                        #17

                        Yeah, but they even manage to cock the listening up :)

                        1 Reply Last reply
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                        • P phannon86

                          We knew this already, there are so many pointless petitions to lower the taxes. The government are too reliant on this tax now. My most recent fill-up was £50 on my little hatchback... and it wasn't that empty... and it didn't even click off automatically, I just gave up at £50.

                          He who makes a beast out of himself gets rid of the pain of being a man

                          R Offline
                          R Offline
                          Ray Hayes
                          wrote on last edited by
                          #18

                          My last fill up was over £80 for 70litres of diesel. The saving grace for me was that I then did 500 miles @ 60miles to the gallon and will claim that back at 40p/mile - so I'll claim £200 back and still have enough fuel for a couple of weeks of normal commuting! I'm aware the mix of units might confuse some, but in the UK we drive "miles", buy "litres" and compare fuel efficiency in "miles per gallon" :wtf:

                          Regards, Ray

                          1 Reply Last reply
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                          • C Colin Angus Mackay

                            norm .net wrote:

                            I see the UK population and being stung by our own government.

                            That graph is well out of date if it is suggesting $1.25 per litre of petrol at the pumps. I filled up at the weekend and paid £1.15 (over $2.00) per litre. It now costs me £10 ($20) more to fill the tank than it did a year ago. The cost of fuel is totally absurd. About a year or two ago the difference in price between a litre of deisel and petrol was about a penny or two. Now the gap is much wider! No wonder haulage companies are being hit hard. No wonder inflation is beginning to spiral out of control if it costs vastly more to transport it to the shops.

                            Recent blog posts: * Introduction to LINQ to XML (Part 1) - (Part 2) - (part 3) My website | Blog

                            M Offline
                            M Offline
                            Mike Dimmick
                            wrote on last edited by
                            #19

                            Fuel tax is currently 50.35p per litre on Ultra-Low Sulphur Petrol. That means the government is taking 43.8% of the price as fuel duty. In addition there's 17.5% VAT, so the majority of the price is still tax. However, the VAT is proportional to the overall price - as crude prices rise the VAT rises in proportion. The large fuel duty actually acts as a dampener in percentage terms: a doubling of crude prices has had a much smaller effect overall. The duty is there to act as an economic discouragement to excessive consumption (this doesn't, unfortunately, stop a lot of people). I've started a petition (waiting for confirmation) on the PM's website asking the government to intervene in and regulate the London ICE Exchange oil futures market. Long-term oil contracts between companies, and transfers between production and refining divisions of the same company, are priced in terms of the oil futures prices on ICE and New York's NYMEX. These markets are supposed to represent open trading, for the small amount of oil that isn't going straight to refineries. However, it's possible to redeem the contract for cash at the end of the period, at the current index price, rather than for oil. (Source[^].) Because NYMEX is regulated, the US West Texas Intermediate blend is also traded on ICE. NYMEX is lightly-regulated: the regulator, the Commodity Futures Trading Commission permits the speculator to only put 6% of the value of the contract in up-front, a gearing ratio of 16:1. Currently that's about $8. If the price rises only 2%, by $2.56 on a barrel at $128, the investor makes a 32% return. ICE is unregulated. Source[^]. From a personal perspective, my Ford Focus was beginning to show its age, at seven years - it recently needed a new coil pack which may have been related to an unexpected deep puddle on a very wet day - so I decided to trade it in. I've bought a Toyota Prius. With sensible driving it's showing around 59mpg Imperial on its own graph, although I've not yet calculated the real consumption for the last tank. The previous tank came out at 55mpg.

                            DoEvents: Generating unexpected recursion since 1991

                            C 1 Reply Last reply
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                            • R rastaVnuce

                              Colin Angus Mackay wrote:

                              The cost of fuel is totally absurd. About a year or two ago the difference in price between a litre of deisel and petrol was about a penny or two. Now the gap is much wider!

                              I suppose you're saying that diesel is more expensive, right? I mean, that's the trend lately... My question is... How can diesel, which is cheaper to produce, be more expensive than petrol?

                              To hell with circumstances; I create opportunities.

                              M Offline
                              M Offline
                              Mike Dimmick
                              wrote on last edited by
                              #20

                              http://www.petrolprices.com/why-diesel-costs-more-than-petrol.html[^]

                              DoEvents: Generating unexpected recursion since 1991

                              1 Reply Last reply
                              0
                              • M martin_hughes

                                People will just start driving off of forecourts without paying if it continues. If enough people do it the law will be powerless to stop them and then maybe, just maybe, Fatty B and Capt. Darling will take a hint. Although on Radio 4 this morning a spokesman said the Government is "listening". Well, that's alright then :)

                                C Offline
                                C Offline
                                Colin Angus Mackay
                                wrote on last edited by
                                #21

                                martin_hughes wrote:

                                maybe, just maybe, Fatty B and Capt. Darling will take a hint.

                                No they won't. I heard that if someone drives off the forecourt without paying then it is the petrol station owner (and remember most are franchises) pays. They pay for the lost fuel, the pay the VAT and they pay the fuel duty. If people just drive off forecourts all that will happen is that petrol station owners will go out of business and that will just hit the consumer.

                                Recent blog posts: * Introduction to LINQ to XML (Part 1) - (Part 2) - (part 3) My website | Blog

                                M 1 Reply Last reply
                                0
                                • M Mike Dimmick

                                  Fuel tax is currently 50.35p per litre on Ultra-Low Sulphur Petrol. That means the government is taking 43.8% of the price as fuel duty. In addition there's 17.5% VAT, so the majority of the price is still tax. However, the VAT is proportional to the overall price - as crude prices rise the VAT rises in proportion. The large fuel duty actually acts as a dampener in percentage terms: a doubling of crude prices has had a much smaller effect overall. The duty is there to act as an economic discouragement to excessive consumption (this doesn't, unfortunately, stop a lot of people). I've started a petition (waiting for confirmation) on the PM's website asking the government to intervene in and regulate the London ICE Exchange oil futures market. Long-term oil contracts between companies, and transfers between production and refining divisions of the same company, are priced in terms of the oil futures prices on ICE and New York's NYMEX. These markets are supposed to represent open trading, for the small amount of oil that isn't going straight to refineries. However, it's possible to redeem the contract for cash at the end of the period, at the current index price, rather than for oil. (Source[^].) Because NYMEX is regulated, the US West Texas Intermediate blend is also traded on ICE. NYMEX is lightly-regulated: the regulator, the Commodity Futures Trading Commission permits the speculator to only put 6% of the value of the contract in up-front, a gearing ratio of 16:1. Currently that's about $8. If the price rises only 2%, by $2.56 on a barrel at $128, the investor makes a 32% return. ICE is unregulated. Source[^]. From a personal perspective, my Ford Focus was beginning to show its age, at seven years - it recently needed a new coil pack which may have been related to an unexpected deep puddle on a very wet day - so I decided to trade it in. I've bought a Toyota Prius. With sensible driving it's showing around 59mpg Imperial on its own graph, although I've not yet calculated the real consumption for the last tank. The previous tank came out at 55mpg.

                                  DoEvents: Generating unexpected recursion since 1991

                                  C Offline
                                  C Offline
                                  Colin Angus Mackay
                                  wrote on last edited by
                                  #22

                                  Mike Dimmick wrote:

                                  I've bought a Toyota Prius. With sensible driving it's showing around 59mpg Imperial on its own graph, although I've not yet calculated the real consumption for the last tank. The previous tank came out at 55mpg.

                                  Nice. The best I've managed out of my wee Toyota Yaris is 54.5 MPG with some careful driving and a tank of super-unleaded (99 octane) fuel. My parents have switched to the more expensive deisel because they get more milage out of it and it works out slightly cheaper per mile.

                                  Recent blog posts: * Introduction to LINQ to XML (Part 1) - (Part 2) - (part 3) My website | Blog

                                  M 1 Reply Last reply
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                                  • L Lost User

                                    This is Bull shit :mad:

                                    realJSOPR Offline
                                    realJSOPR Offline
                                    realJSOP
                                    wrote on last edited by
                                    #23

                                    No, it was wit, humor, a joke even.

                                    "Why don't you tie a kerosene-soaked rag around your ankles so the ants won't climb up and eat your candy ass..." - Dale Earnhardt, 1997
                                    -----
                                    "...the staggering layers of obscenity in your statement make it a work of art on so many levels." - Jason Jystad, 10/26/2001

                                    L 1 Reply Last reply
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                                    • C Colin Angus Mackay

                                      martin_hughes wrote:

                                      maybe, just maybe, Fatty B and Capt. Darling will take a hint.

                                      No they won't. I heard that if someone drives off the forecourt without paying then it is the petrol station owner (and remember most are franchises) pays. They pay for the lost fuel, the pay the VAT and they pay the fuel duty. If people just drive off forecourts all that will happen is that petrol station owners will go out of business and that will just hit the consumer.

                                      Recent blog posts: * Introduction to LINQ to XML (Part 1) - (Part 2) - (part 3) My website | Blog

                                      M Offline
                                      M Offline
                                      martin_hughes
                                      wrote on last edited by
                                      #24

                                      Colin Angus Mackay wrote:

                                      the pay the VAT and they pay the fuel duty

                                      Paying tax on nicked fuel? Only in Britain!

                                      1 Reply Last reply
                                      0
                                      • C Colin Angus Mackay

                                        Mike Dimmick wrote:

                                        I've bought a Toyota Prius. With sensible driving it's showing around 59mpg Imperial on its own graph, although I've not yet calculated the real consumption for the last tank. The previous tank came out at 55mpg.

                                        Nice. The best I've managed out of my wee Toyota Yaris is 54.5 MPG with some careful driving and a tank of super-unleaded (99 octane) fuel. My parents have switched to the more expensive deisel because they get more milage out of it and it works out slightly cheaper per mile.

                                        Recent blog posts: * Introduction to LINQ to XML (Part 1) - (Part 2) - (part 3) My website | Blog

                                        M Offline
                                        M Offline
                                        Mike Dimmick
                                        wrote on last edited by
                                        #25

                                        Super won't do much for your car. The octane rating (and it's not a proportion of octane to any other alkane) simply measures how much the fuel/air mixture can be compressed before it self-ignites, causing knocking. If the engine has a high compression ratio, it needs higher-octane fuel so that the engine doesn't knock (explode at the wrong time). Modern engines now contain anti-knocking devices which detect the knocks and change the timing, at the cost of reducing the engine power. See Wikipedia's Octane rating[^] article. That said, the 'super-unleaded' mix, because it's a different mix or has different additives, might contain a different amount of energy per litre. Diesel should always get higher mileage than petrol at least in part because the fuel has 13% higher energy per litre. In addition, diesel engines are slowed by putting less fuel into the airstream; petrol engines generally have to slowed by putting less fuel/air mix into the cylinder, which is done by reducing the diameter of the inlet. This causes a lower pressure and wastes energy - try sucking in air through a straw: it requires more effort to do it. The net effect is that diesels will use less fuel to provide a given torque below peak torque than a petrol engine will. The average load on most cars is far lower than the peak torque/peak efficiency point, as the engine is sized for the maximum load that might be required. Diesel costs about 10% more per litre than 95 RON petrol. The Prius, having otherwise a reasonably standard 1.5 litre Toyota VVT-i engine, keeps the inlet the same but actually keeps the inlet valve open during the 'compression' stroke, causing some of the fuel/air mix to be pushed back out again (the inlets are connected so this is drawn into the next cylinder's intake cycle). Mostly the Prius is about using the petrol engine more effectively than a standard car, improving the efficiency at the low and top ends, using a weird 'continuously variable' gearbox controlled by running electric motors or providing resistance to spinning those motors (as generators) to control the engine speed versus road speed, and using the electric motors to 'fill in' where the engine is inefficient or incapable of running (below 1000rpm). Obviously the ability to run on electric power only is also helpful, but all the power in the battery ultimately comes from the car's fuel.

                                        C 1 Reply Last reply
                                        0
                                        • M Mike Dimmick

                                          Super won't do much for your car. The octane rating (and it's not a proportion of octane to any other alkane) simply measures how much the fuel/air mixture can be compressed before it self-ignites, causing knocking. If the engine has a high compression ratio, it needs higher-octane fuel so that the engine doesn't knock (explode at the wrong time). Modern engines now contain anti-knocking devices which detect the knocks and change the timing, at the cost of reducing the engine power. See Wikipedia's Octane rating[^] article. That said, the 'super-unleaded' mix, because it's a different mix or has different additives, might contain a different amount of energy per litre. Diesel should always get higher mileage than petrol at least in part because the fuel has 13% higher energy per litre. In addition, diesel engines are slowed by putting less fuel into the airstream; petrol engines generally have to slowed by putting less fuel/air mix into the cylinder, which is done by reducing the diameter of the inlet. This causes a lower pressure and wastes energy - try sucking in air through a straw: it requires more effort to do it. The net effect is that diesels will use less fuel to provide a given torque below peak torque than a petrol engine will. The average load on most cars is far lower than the peak torque/peak efficiency point, as the engine is sized for the maximum load that might be required. Diesel costs about 10% more per litre than 95 RON petrol. The Prius, having otherwise a reasonably standard 1.5 litre Toyota VVT-i engine, keeps the inlet the same but actually keeps the inlet valve open during the 'compression' stroke, causing some of the fuel/air mix to be pushed back out again (the inlets are connected so this is drawn into the next cylinder's intake cycle). Mostly the Prius is about using the petrol engine more effectively than a standard car, improving the efficiency at the low and top ends, using a weird 'continuously variable' gearbox controlled by running electric motors or providing resistance to spinning those motors (as generators) to control the engine speed versus road speed, and using the electric motors to 'fill in' where the engine is inefficient or incapable of running (below 1000rpm). Obviously the ability to run on electric power only is also helpful, but all the power in the battery ultimately comes from the car's fuel.

                                          C Offline
                                          C Offline
                                          Colin Angus Mackay
                                          wrote on last edited by
                                          #26

                                          Mike Dimmick wrote:

                                          That said, the 'super-unleaded' mix, because it's a different mix or has different additives, might contain a different amount of energy per litre.

                                          So you recon it is more likely the mix that is giving me the benefits rather than the higher octane rating? I ask because I've only ever got the fuel economy into the 50MPG range with super in the tank.

                                          Recent blog posts: * Introduction to LINQ to XML (Part 1) - (Part 2) - (part 3) My website | Blog

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