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Our national broadsheets reported yesterday that we expect/anticipate fuel at our pumps to be around the £1/litre mark within 12 months.Huh - I believe it when I see it.
Diesel 1,82 AUD/0,99 GBP Petrol (95) 2,09 AUD/1,14 GBP
I see that people on other forums are complaining because of the increase in excise of 0.5c per litre (or $0.005 per litre). This increase is insignificant compared to the normal market fluctuations. I saw one news report where the guy at the service station said that he would have to consider whether he could afford to run two cars with the increase of 40c per week!! I've also seen others drive an extra 10km to get a savings of 2c per litre. They need to revisit primary school maths!!
Quote from: FatBoy on November 10, 2014, 22:29:55I see that people on other forums are complaining because of the increase in excise of 0.5c per litre (or $0.005 per litre). This increase is insignificant compared to the normal market fluctuations. I saw one news report where the guy at the service station said that he would have to consider whether he could afford to run two cars with the increase of 40c per week!! I've also seen others drive an extra 10km to get a savings of 2c per litre. They need to revisit primary school maths!!Couldn't have said it better.. #storminateacup
They use litres to soften the price hike blow to consumers, most of whom are now well trained, not to think.
... it's 100p to the &, isn't it?
Quote from: The Gonz... it's 100p to the &, isn't it?Talk to the hand
Good news, everybody!! I've just done my first full tank in my thumping V8, and the results are great!! 10.8 l/100km combined city/country driving. The ticketed figure is 12.3 l/100km, so I am very happy!! Fuel excise, ha!! I laugh at your rise!!@Phil, I'm hearing you. The Government is always trying to raise revenue to pay for the things that it needs. As the costs of everything goes up, so must revenue. How do they do that? Why, by taxing and "levying" to raise money.If people want the Government to provide services, then somebody must pay for them.
Oil closed below $60 a barrel the other day. Interesting times. One of the reasons that I have heard at work is that the price is coming down to force the "small" operators out. Apparently shale oil cost $70 per barrel to produce, so it is not worth producing that. The price will remain low until the little companies are forced out, then the price will go up again. Supply and demand. They oversupply, force the price down, force out the little guy, supply decreases, price goes up.