u.k.petrol prices.....

I see it did,nt take long for the fat cats to up the prices,heading for 115p a litre,absolute greed

 

Ouch! We're averaging 103p but I saw it at 109p the other week in Gloucestershire.

Steve W.

 

stitched up yet again,ott...

 

That's $7.27 a gallon. Americans should not complain. Currently $2.55 a gallon. So I think that works out to be 41p a liter for Y'all.

 

thankyou ike,thats very true,leave it to us,ha!ha!

 

I think that is about right Ike, a liter is about 0.264 gallons. And gasoline prices do vary by locale, here in Montana the rate is running $2.64, but our state has no sales tax, so our fuel prices are a tad higher (by nine cents) to make up a bit for road repair and construction.

Only those who visit Mt. are hit with any sales tax at all, and that is sort of hiden in the "bed tax" at hotels and motels, and only in some areas of the state. It's weird trying to figure out just who gets taxed more, those who live here, or those who visit.

 

I get the feeling your trying to tell us something jeff...

 

Your never see the 2003 blockades ever again, remember we were down to about three weeks worth of petrol. Most of the population now take the atitude...well yea what you going to do.

OIL CRUNCH 2015.

 

UK petrol price breakdown:

Fuel tax - 56.19p
Oil companies - 35p
VAT - 13.7p

Total tax take = 70p a litre.

 

There is no VAT at the moment until some time in Nov/Dec when it comes back. I except I may be wrong about petrol.

 

that's crazy alright, here in ireland at the moment it's between 114.9 - 119.9 cent a litre, depending on where ya go

 

It's $2.62 in Phoenix right now but we get our gasoline from the People's Republic of California......

 

The standard rate of VAT is currently 15%. It went down from 17.5% late last year, and will be going back up at the end of December this year.

When the rate of VAT was reduced the government put fuel duty up so that petrol prices wouldn't go down. Of course, when VAT goes back up the increased duty will remain in place.

 

^^^I stand corrected on petrol.^^^

 

I hear £1.20 is on the cards for the end of the year...I know one thing...My damn shopping bill has gone sky high and I'm not buying anymore items.

 

Since Tejas is such a huge chunk of land-our prices vary between about $2.29-to-about $2.59 statewide. Here in my area tha average is about $2.32-to-$2.45-in a range of about three miles.

The average Convience Store only makes .3 cents per gallon sold as profit. The rest is taxes and such. My Bro-in-Law has been working for Valero, Celenese and Brown and Root for over 30 years, the last time we talked about hom much it costs to make a gallon of gas-which was around Pres election time last year, that it cost the Oil Companies about .60-to-.65 cents to produce a gallon of gas. The rest of the price is taxes and profit.

 

We (Montana) aren't as huge as Texas, but not "tiny" either. Our prices vary widely from area to area as well. Here in Billings we are usually slightly lower than the rest of the state, since we have three refineries in the area. Cenex, Exxon, and Conoco. In the southwest where we lead into Yellowstone Park the gasoline price is really high, and near any other "tourist" area the same is true.

Federal tax on gasoline has been set at $0.184 per for years (1993), before then it was $0.167. I believe the Federal tax on diesel is still $0.244 per gallon, but it has been awhile since I bought any diesel.

State taxes on petroleum products vary state to state, but here in MT. the state adds $0.28, but that tax money stays in Montana and is used in the general highway fund, with about a penny set aside in a "clean-up" fund to be used to clean and contain any oil spills or refinery accidents. But the Federal excise tax on gasoline hasn’t increased.

"The federal tax on a gallon of gas has not risen in 14 years and Congress is reluctant to increase it." Ironically, the transportation funding crisis is exacerbated by the high price of fuel and the increased usage of high-mileage vehicles, as less driving translates into fewer dollars pumped into the Federal Highway Trust Fund, as does more fuel-efficient driving."


"Of the 18.4 cents a gallon in federal excise taxes, about 15.44 cents goes to the highway trust fund, 2.86 cents goes to fund federal mass transit programs and one-tenth of a cent to the "leaking underground storage repair tank" fund. The tax on diesel fuel is slightly higher (24.4 cents)."

Source: Associated Press

http://www.planetizen.com/node/24594

Last year I ran across a break-down of price based upon a hypothetical $3.00 gallon of gasoline (as a nice round number) price, the average break-down is as follows.

Gasoline Retailer $.01 cents per gallon (convenience store make slightly more profit)
Wholesale Oil Company $.08 cents per gallon (profit)
Refining $.29 cents per gallon (cost)
Marketing/Distribution $.32 cents per gallon
Taxes $.47 cents per gallon (Federal and an average state tax)
Cost of crude $1.17 per gallon (delivered at $50 per bbl)

For a total of $2.34 per gallon identifiable costs and/or profit. So out of that original hypothetical $3.00 price at the pump for gasoline, the $0.63 per gallon left has to be simple profit for the "big boys" does it not?

 

Once again the old adage 'Rip off Britain' springs to mind !

When I was in Belgium and Germany last week, diesel prices were averaging 98p a litre.

 

You wait when the recession ends.