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"I only ever put £40 at a time so the price rises don’t effect me " I’m going to give you the benefit of the doubt and assume this is a joke. | |||
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"I only ever put £40 at a time so the price rises don’t effect me I’m going to give you the benefit of the doubt and assume this is a joke." I think so, and it's affect, but I'm not going to mention that. | |||
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"I only ever put £40 at a time so the price rises don’t effect me I’m going to give you the benefit of the doubt and assume this is a joke." It certainly is and, as they say "the old ones are the best ones" | |||
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"I’m an EV driver so I don’t have to buy petrol or diesel but driving around Nottingham, although fossil fuel prices are relatively high, I don’t see any panic buying or shortages. I did drive up north on Saturday and on the M1, the signs were saying that one of the service stations had no fuel. All the rest seemed to be ok though. And no, it hasn’t been induced to make everyone desperate. Trump has increased the cost of living for most of the world. And because he isn’t capable of admitting he’s wrong, I think that fuel shortages and panic buying are imminent." At this time who the fudge is buying motorway fuel?! Retired here so do very little mileage, just as well with my car. Wife works and has always got petrol when she’s needed it. Tesco runs out now and again but there has always been a station that has fuel. Got to love the Gov saying they’ll make sure the petrol companies are not taking the piss. In other news reports saying they are making £30m every hours in needless price rises. | |||
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"Got to love the Gov saying they’ll make sure the petrol companies are not taking the piss. In other news reports saying they are making £30m every hours in needless price rises. " Every time the petrol retailers increase their prices, the government makes more in VAT (fuel duty is static), just the same as they would with any other increases in non-zero rated prices. The root cause lies with the retailers and their suppliers who between them, self-evidently, make far more out of this than the government. | |||
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"Got to love the Gov saying they’ll make sure the petrol companies are not taking the piss. In other news reports saying they are making £30m every hours in needless price rises. Every time the petrol retailers increase their prices, the government makes more in VAT (fuel duty is static), just the same as they would with any other increases in non-zero rated prices. The root cause lies with the retailers and their suppliers who between them, self-evidently, make far more out of this than the government." This is complete rubbish. At £2 a litre of diesel, which it is or very close to near me, the UK government will take 86.26p in tax. Therefore, diesel as a commodity, even at these extraordinary prices, is relatively cheap. Most western governments choose to fund their functions of state in this way, they’re not putting up any upfront costs for the infrastructure to do this. Theirs is is an absolute zero risk or cost income, it is tax. Oil producers, and particularly the Middle East, are not responsible for how western nations function economically with taxation. | |||
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"I just bought a couple of barrels of crude oil, even at the current price it's only 60p per litre. They're currently sitting in my shed, and I'm just waiting for the refinery equipment to arrive from eBay, it only cost me £50. I'll be sorted by the weekend and after that I'll be quids in." | |||
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"Funny since the 1960s every time there is a war it's the exact place the UK gets it's oil and we can only get it from there so price has to go up" That's no longer true. We get relatively little oil from the Middle East these days. The problem is twofold - (1) oil is a globally traded commodity, so it's almost irrelevant where you buy it from and (2) we get royally screwed over in this country. | |||
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"Funny since the 1960s every time there is a war it's the exact place the UK gets it's oil and we can only get it from there so price has to go up That's no longer true. We get relatively little oil from the Middle East these days. The problem is twofold - (1) oil is a globally traded commodity, so it's almost irrelevant where you buy it from and (2) we get royally screwed over in this country. " Not sure this is completely accurate. 1 The UK does get the majority of oil, and gas, not from the Middle East as you say, but Norway by far and the US. From what I gather, the UK has special, long term, arrangements with Norway to be supplied as essentially, in part, they are selling us our own oil from our territory because of high taxation and stupid net zero that we cannot/will not do ourselves. So those long term agreements are agreed not on current prices but on long term prior agreed prices. A small percentage of Mid East oil & gas to the UK should not be having the effect on us as it is. Ireland? Yes. UK? No. Yet both countries have similar prices despite the UK being much better placed. 2 Correct, we get screwed over all the time, as per above. It’s a racket with government complicity. | |||
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