Petrol prices set to hit record £1.22 a litre

[-:Undertaker:-]

http://www.dailymail.co.uk/news/article-1337252/Petrol-prices-set-hit-record-1-22-litre-oil-giants-deny-claims-profiteering.html

Petrol prices continue to soar in the UK


http://i.dailymail.co.uk/i/pix/2010/12/09/article-0-08599E6E000005DC-475_233x423.jpghttp://i.dailymail.co.uk/i/pix/2010/12/09/article-0-09A42C2F000005DC-268_233x423.jpg




Motorists faced renewed misery today as petrol prices hit a new record high of 121.76p a litre. In some parts of London petrol stations are charging almost £1.29 per litre. After a week enduring traffic chaos in the Big Freeze, drivers will now be hit with a huge bill at the pumps - as soaring prices add an extra £25 to the monthly bill of a two-car family.

Every gallon of petrol - the official 'miles per gallon' measurement of car fuel efficiency - now costs more than £5.80, making the average fill-up a hefty £60.88. It will be a bitter blow to families across Britain, who are already struggling with higher food and heating bills. British Gas today brought in a seven per cent hike in its gas and electricity prices.

The supplier's eight million customers will have to pay an extra £80 a year on average to heat their homes as annual bills increase from £1,157 to £1,237. It comes as the country is on course for the coldest winter in a century.

Escalating oil and wholesale fuel prices - and alleged profiteering by oil giants and retailers - are blamed for the increases in petrol prices. Prices are likely to rise even higher in the New Year when the VAT rate goes up another 2.5 per cent - to 20 per cent. The previous record for petrol of 121.61p was set on 12 May 2010. The AA, which has accused oil giants and fuel retailers of profiteering, has predicted highs of up to 124p in the coming weeks.

At the beginning of 2010 petrol averaged 109.88p a litre.

The extra monthly cost of petrol for a two-car family is now £24.80.

The record price for diesel is 133.25p set on 17 July 2008.



http://news.bbc.co.uk/nol/shared/spl/hi/pop_ups/05/business_petrol_pricing/img/1.jpghttp://www.petrolprices.com/images/fuelgraph.jpg



We're still being ripped off left right and centre, always makes me laugh and was something that was predicted before this government got in - when the Tories attempt to raise the price/tax of something there's absolute outrage (tuition fees), but when Labour are in for some reason nobody hears a peep despite taxes almost doubling across the board under the last Labour government. The graph above (green one) isn't even updated to 2010, but you can see within those years just how much petrol went through the roof.

This just puts me off even bothering to learn to drive, you have the insurance ontop of the car along with road tax and then there's rip off petrol prices thanks to a greedy government. We are actually reaching the point where people aren't going to be able to afford to drive (usually the poorest who suffer the most as they'll be trapped in terms of employment to their local area only).

Didn't Cameron promise an offsetting policy though which was intended to keep the fuel price stable? looks like that got dropped (suprise suprise).

Thoughts?

[Dean]

Isn't VAT meant to rise to 20% in January 2011 and if so - more tax!

I also guess that now there's more cars on the road, there's more demand in petrol which is probably why petrol has become more expensive over the years?

[Special]

why is everything going up? tuition fees, fuel, VAT, what next?

i think it's about time we stopped giving to other countries & focus on ourselfs

whoever thinks we are a rich country is in denail

[matt$]

Yeah we need to stop giving and start taking.

[Shar]

why is everything going up? tuition fees, fuel, VAT, what next?

i think it's about time we stopped giving to other countries & focus on ourselfs

whoever thinks we are a rich country is in denail
Completely agree. This is absolutely ridiculous :|
As long as they don't charge me more for using public transport, I'm good.

[Special]

Completely agree. This is absolutely ridiculous :|
As long as they don't charge me more for using public transport, I'm good.

funny that because they've just raised the price for a return ticket :|

[Shar]

funny that because they've just raised the price for a return ticket :|
It costs me about £4 from college at back everyday lol and now they've got rid of EMA.
No point of buying a car, it will cost me a lot to drive to college now. :|

[Eoin247]

Petrol prices are also rising here in Ireland, this is largely due to the tax increase that was put in place with the recent budget.

But yeah i'm learning to drive and i have a savings fund for a car, this totaly puts me off doing either of these things any more. :(

[Swastika]

Another reason why our country is terrible.

[Ajthedragon]

Sadly, we will just have to use more public transport or bicycles.

Lets just hope its not peak oil. :(

[Special]

It costs me about £4 from college at back everyday lol and now they've got rid of EMA.
No point of buying a car, it will cost me a lot to drive to college now. :|


£4!! only costs me £1.55 lol

[Chippiewill]

It's only because of the snow, people are panic stocking up on petrol.

PANIC ABOUT ECONOMY IS OVER.

[-:Undertaker:-]

It's only because of the snow, people are panic stocking up on petrol.

PANIC ABOUT ECONOMY IS OVER.

I think you'll find the vast bulk of it is government tax (as shown by the diagrams I posted).

[Chippiewill]

I think you'll find the vast bulk of it is government tax (as shown by the diagrams I posted).

As Demand goes up, so do prices, as do taxes.

[-:Undertaker:-]

As Demand goes up, so do prices, as do taxes.

Tax doesn't go up with demand, tax goes up when a government is spending too much/becomes greedy.

[Chippiewill]

Tax doesn't go up with demand, tax goes up when a government is spending too much/becomes greedy.

Guess what, we're in debt. Did you just want the government not to raise taxes or something?

[-:Undertaker:-]

Guess what, we're in debt. Did you just want the government not to raise taxes or something?

Er I think you will find we have been in debt for a long very time and that petrol prices have nothing to do with 'clearing the debt' as our government still sees it fit (just as the last government did) to spend £10bn+ a year to the EU, £10bn+ a year on foreign aid and £18bn+ a year on climate change.

Maybe instead of hurting the economy by raising taxes all of the time, government should cut itself back and stop wasting all of our money.

[Chippiewill]

Er I think you will find we have been in debt for a long very time and that petrol prices have nothing to do with 'clearing the debt' as our government still sees it fit (just as the last government did) to spend £10bn+ a year to the EU, £10bn+ a year on foreign aid and £18bn+ a year on climate change.

Maybe instead of hurting the economy by raising taxes all of the time, government should cut itself back and stop wasting all of our money.

EU) I don't agree with it personally, however that's what the government wants to do and to pursue it they need taxes
FA) Ok, so when the UK somehow (Against common logic) suffers a major earthquake devastating all major cities you would prefer that we did not get aid ourselves?
CCH) Climate Change in a globally recognised problem that many feel should be resolved,if that involves investing money then that's what happens.

And we elected the government therefore we voted to have our money wasted. It's our own fault entirely.

[-:Undertaker:-]

EU) I don't agree with it personally, however that's what the government wants to do and to pursue it they need taxes

Indeed, which is why I keep telling people to vote in order to get us out of it.


FA) Ok, so when the UK somehow (Against common logic) suffers a major earthquake devastating all major cities you would prefer that we did not get aid ourselves?

We don't get aid and quite frankly yes, its our responsibility to look after ourselves by having our finances in order - its not the responsibility of Czech taxpayers, U.S. taxpayers and so forth. I must say though, you do realise most of this foreign aid ends up in rich countries/goes to third world regimes?


CCH) Climate Change in a globally recognised problem that many feel should be resolved,if that involves investing money then that's what happens.

The fact the globe has been cooling for the past 15 years rather closes the curtains on this so-called 'problem'.

[Chippiewill]

We don't get aid and quite frankly yes, its our responsibility to look after ourselves by having our finances in order - its not the responsibility of Czech taxpayers, U.S. taxpayers and so forth. I must say though, you do realise most of this foreign aid ends up in rich countries/goes to third world regimes?

Statistics please.



The fact the globe has been cooling for the past 15 years rather closes the curtains on this so-called 'problem'.
http://cvjh.alpinedistrict.org/Faculty/pusey411/images/Graph1.gif

Yes, I see that there is a negative gradient at the end... not.

[-:Undertaker:-]

Statistics please.

£56m in foreign aid to Zimbabwe; http://www.thezimbabwean.co.uk/index.php?option=com_content&view=article&id=31318:uk-parliament-26-may-2010-zimbabwe&catid=52&Itemid=32

£825m in foreign aid to India; http://www.stormfront.org/forum/t454115/

http://cvjh.alpinedistrict.org/Faculty/pusey411/images/Graph1.gif

Yes, I see that there is a negative gradient at the end... not.[/QUOTE]

That graph is the famous hockey stick graph which has been disproven, its been created via fraudulent statistics and false data along with using trend data which distorts the actual scienece; http://en.wikipedia.org/wiki/Hockey_stick_controversy

[Chippiewill]

Zimbabwe's economy is dire.
India has problems with poverty.

There are a billion articles fighting both cases, how do you believe I should decide which is legitimate.

[-:Undertaker:-]

Zimbabwe's economy is dire.

Mainly because its leader has destroyed its agricultural sector and now keeps all the money for himself, his party and his army.


India has problems with poverty.

But plenty of money it seems to throw at space ventures.


There are a billion articles fighting both cases, how do you believe I should decide which is legitimate.

Well if you are ever in doubt about something, its usually best to not support throwing billions upon billions at it until you are sure.

[Chippiewill]

Mainly because its leader has destroyed its agricultural sector and now keeps all the money for himself, his party and his army.
Yes? Exactly.



But plenty of money it seems to throw at space ventures.
I believe that the US got 700,000 new jobs as a result of their contribution. Perhaps we should expect similar in future.



Well if you are ever in doubt about something, its usually best to not support throwing billions upon billions at it until you are sure.
And when it is too late?

[-:Undertaker:-]

Yes? Exactly.

So you'retelling me you want to give more money to a corrupt dictator?


I believe that the US got 700,000 new jobs as a result of their contribution. Perhaps we should expect similar in future.

Absolute rubbish, you don't pay for jobs otherwise your not 'making' anything - just the same with the state sector, it doesn't create wealth.


And when it is too late?

The worst which would happen would be a few degrees of warming which would mostly have benefits, not negatives. The only people who have died from global warming are those who have died in starvation thanks to the biofuels scam which led to the doubling of food prices.

[alexxxxx]

i believe there is an issue here - US fuel prices has fallen recently if im not mistaken. UK petrol suppliers seem more reluctant to drop prices. I wonder if there is an anti-competitive agreement.

[Eoin247]

With regards to what has just been said about Zimbabwe.

Yes alike most other african nations it suffers from high levels of corruption. Although i think you'll find that a lot of this foreign aid to Africa now goes to charity organisations that don't operate with the african governments.

Does some money get to corrupt governments still? Yes, it does however this does not mean the population should suffer as most people you will find don't even want that person/party to be in power in their country.

[-:Undertaker:-]

With regards to what has just been said about Zimbabwe.

Yes alike most other african nations it suffers from high levels of corruption. Although i think you'll find that a lot of this foreign aid to Africa now goes to charity organisations that don't operate with the african governments.

To which the military regimes of these countries simply snatch the aid and use if for themselves/their own tribal areas.


Does some money get to corrupt governments still? Yes, it does however this does not mean the population should suffer as most people you will find don't even want that person/party to be in power in their country.

How about lowering taxes by abolishing foreign aid, and allowing people the choice if they themselves wish to donate to charity?

You know, putting people incharge of their own money for once?

[Eoin247]

If foreign aid was abolished i can bet you any money people will go out in their thousands to protest.

Why not lower taxes and give people the option to pay for social welfare then? Or roads or whatever. Sometimes these decisions are made for the greater good. You elect the government to make decisions for you, so really you are in charge of your own money.

I've been to central African countries before and to be honest even if the western world was in a depression twice as bad as the current recession, it would not even compare to the extreme poverty there still is in Africa.

I said charity organisation that don't operate with an African countries government. The government therefore is unable to snatch the money from these.

[-:Undertaker:-]

If foreign aid was abolished i can bet you any money people will go out in their thousands to protest.

Some slightly odd people may do yes, to which I would say; why not use your own money and send that to charity?


Why not lower taxes and give people the option to pay for social welfare then? Or roads or whatever. Sometimes these decisions are made for the greater good. You elect the government to make decisions for you, so really you are in charge of your own money.

Because roads and social welfare are different as they apply to this country and you actually get the benefit of it, more to the point;- most people do not mind their money going on roads and welfare.

Foreign aid does not serve this country or its people, if people wish to give seperately then do let them do so - infact its been shown in the past that the more money people have, the more generously they will tend to give to the likes of charity than if the state took that money off them and gave them no choice. Our government gives money away/spends money on things that most people would not want their money spend on if they had any control over it.. that's just simple fact.


I've been to central African countries before and to be honest even if the western world was in a depression twice as bad as the current recession, it would not even compare to the extreme poverty there still is in Africa.

The west went in and built roads, schools, hospitals and so forth for Africa - we got thrown out. I'm afraid if Africa needs help, the only people who can help it are the people there themselves. Now until that happens, I fail to see why we should pay for their continued misery by funding the likes of Robert Mugabe and his murderous Zanu-PF political party.


I said charity organisation that don't operate with an African countries government. The government therefore is unable to snatch the money from these.

They still do it anyway, they can direct the aid to places where 'their people' live to keep them happy. Besides, if you are going to give aid the best form of aid to give is training in farming and irrigation as the saying goes; give a man a fish and he'll eat for a day, teach a man to fish and he will eat for a lifetime. I don't see how the west (which is in severe debt) can take out loans.. ontop of its existing loans.. to give money away which it doesn't have. Let people decide what to do with their own money Eoin.



http://www.youtube.com/watch?v=XLywvxki39U
(from 0:50)


It is rather similar to having your family on the breadline and your just struggling to make it day in day out.. and then your Dad announces to the family that he is halving your rations so he can give £50 a week to the Smiths over the road.

I'm not mean, i'm being realistic and I think people should decide how to spend their own money - not the government.

[Eoin247]

We simply can't leave Africa totaly to it's own devices at this stage because of what we've seen time and time again. For example early foreign intervention would have prevented the Rwandan genocide. In the end sure Paul Kagame took power and that was their own action. But this was at the cost of millions of lives.

Ok, i understand your point on it and believe me, i am not totaly for giving away lots of money in times like this. (I mean Ireland still giving aid yet we are having a bailout?).

You said that people would in general give more money than even the government would give if they were taxed less. I don't know about this, but if it's true then yes it would be better to leave people to their own devices regarding charity.

[FlyingJesus]

Surely if prices are 1.29 in some parts of London then 1.22 isn't a record hi my name's Tom and I'm a winner the end

[Zak]

Ridiculous.

But they all have us in a trap because they know we need petrol. They keep raising it, then dropping it then raising it even more. I feel it's only a matter of time before it hits 1.30 which is completely unfair.

[Swastika]

Which country has the cheapest petrol prices?
Just curious.

[Christian]

Which country has the cheapest petrol prices?
Just curious.

Venezuela, it's 2p a litre there, the Socialist government subsidies it so much that it's actually sold at well below the production costs.

[Conservative,]

Wow that's high. :\

But I don't mind, as long as I have a job when I start to drive I won't be paying insurance or anything because that's all paid for me so this isn't a big issue for me. However, I think it's disgusting how badly we're ripped off...no matter if it affects me or not the price of petrol shouldn't be this high...most of the tax is because of global warming right?

[Swastika]

Wow that's high. :\

But I don't mind, as long as I have a job when I start to drive I won't be paying insurance or anything because that's all paid for me so this isn't a big issue for me. However, I think it's disgusting how badly we're ripped off...no matter if it affects me or not the price of petrol shouldn't be this high...most of the tax is because of global warming right?
Yeah, that thing that doesn't exist.

[Conservative,]

Yeah, that thing that doesn't exist.

:l I understand VAT and all that but really taxing for something that doesn't exist...how pathetic. Global warming was more than just a scare-mongering thing to make people cut back on waste..it's a total scam to make the Governments more money through tax & bio-fuels ect.

[Wig44.]

Just like to point out before someone comes in and says 'lOl itz climate change guyz' that the climate is changing, and we can see that throughout history, temperatures have fluctuated globally by startling amounts, long before the rise of 'civilised' man. We have nothing to do with the change in climate and to think that we can have that effect on something as complex as our world is just plain arrogant.

[Swastika]

Just like to point out before someone comes in and says 'lOl itz climate change guyz' that the climate is changing, and we can see that throughout history, temperatures have fluctuated globally by startling amounts, long before the rise of 'civilised' man. We have nothing to do with the change in climate and to think that we can have that effect on something as complex as our world is just plain arrogant.
Apparently there are history records that show that vines of grapes where once grew in Northern Scotland, that shows how much the climate has changed over the years - its natural and has nothing to do humans.

[Wig44.]

Apparently there are history records that show that vines of grapes where once grew in Northern Scotland, that shows how much the climate has changed over the years - its natural and has nothing to do humans.

Really? I didn't know that. Just look at the history of plunges into and out of ice ages, the recession and then growth of ice caps, the young dryas, etc. It's such a joke that anyone actually believes in humans causing climate change. Much like how a lot of things are a joke now, including health advice given to the public that is influenced by greedy pharmaceutical companies so they can make you sick to sell more drugs, like how your rights are stripped away in the name of the 'war on terorrism', like how the people you elect have little power over the country and the power they do have they abuse and lie about, how society deems things like sexuality forbidden, the blatant inequality within our society.. the list goes on.