Dougy Posted December 23, 2014 Report Share Posted December 23, 2014 Is it worth stocking up while its cheap. I'm thinking of filling up an IBC down the bottom of the garden. Quote Link to comment Share on other sites More sharing options...
Dbw1shrops Posted December 23, 2014 Report Share Posted December 23, 2014 Was thinking the along the same lines ibc or 25 gallon drums I bet all of the van drivers are doing it. Dave Quote Link to comment Share on other sites More sharing options...
mossy835 Posted December 23, 2014 Report Share Posted December 23, 2014 think you can only hold very little at home Quote Link to comment Share on other sites More sharing options...
Fisheruk Posted December 23, 2014 Report Share Posted December 23, 2014 It's already below 99p when you reclaim the VAT, that's why I drive a pickup. Quote Link to comment Share on other sites More sharing options...
aris Posted December 23, 2014 Author Report Share Posted December 23, 2014 It's already below 99p when you reclaim the VAT, that's why I drive a pickup. One of my bug bears. Road fuel duty - a tax - is added to the cost of the fuel. Then VAT is added on that. Tax on tax. The exchequer must be hurting with this lower fuel price. Quote Link to comment Share on other sites More sharing options...
HDAV Posted December 23, 2014 Report Share Posted December 23, 2014 The exchequer must be hurting with this lower fuel price. Not for long is my guess... Emergency budget anyone? 117.7 at asda tonight. Quote Link to comment Share on other sites More sharing options...
Beretta06 Posted December 24, 2014 Report Share Posted December 24, 2014 Tesco Extra, Hastings......£1-10.9 for petrol, £1-15.9 for diesel :-) Quote Link to comment Share on other sites More sharing options...
aris Posted December 24, 2014 Author Report Share Posted December 24, 2014 Not for long is my guess... Emergency budget anyone? Not before an election. I'm expecting a giveaway in April. Quote Link to comment Share on other sites More sharing options...
Dougy Posted December 24, 2014 Report Share Posted December 24, 2014 think you can only hold very little at home I know m;-) 1000 litres "is" little in the grand scheme of thing's really lol Quote Link to comment Share on other sites More sharing options...
steve_b_wales Posted December 24, 2014 Report Share Posted December 24, 2014 One of my bug bears. Road fuel duty - a tax - is added to the cost of the fuel. Then VAT is added on that. Tax on tax. The exchequer must be hurting with this lower fuel price. 80p per ltr goes to our beloved government! Quote Link to comment Share on other sites More sharing options...
aris Posted December 24, 2014 Author Report Share Posted December 24, 2014 (edited) 80p per ltr goes to our beloved government! Yes, but the VAT portion of the tax on fuel is going down due to the lower fuel price. So from every litre of Diesel which used to cost 1.45 - they got 27.5p in VAT.. Now they get 23.4p from 1.17 Diesel. Only 4.1p - but multiply that over the 30 to 40 billion litres of fuel sold in forecourts each year - it adds up quick - if we take the lower number - 30bn, it comes to GBP 1 640 000 000 in lost tax. That is going to have to come from somewhere. Edited December 24, 2014 by aris Quote Link to comment Share on other sites More sharing options...
treetree Posted December 24, 2014 Report Share Posted December 24, 2014 My reading of this is as a form of economic sanction against Russia. The Americans have persuaded the Saudis to keep the oil flowing, despite the fall in price (when the OPEC cartel led by the Saudias would usually slow down production to artificially keep prices up). The aim is to punish Russia through falling oil prices until they get rid of Putin. Just my 2 pennies worth. Lots of fascinating stuff on the internet about this if anyone wants to look. It is being done for geopolitical reasons, and as soon as they get what they want expect a price hike for OPEC countries to recoup lost revenues. Quote Link to comment Share on other sites More sharing options...
aris Posted December 24, 2014 Author Report Share Posted December 24, 2014 Thing is, if you look at history, despots tend to tighten their grip on power in tough situations. The low oil price is hurting more than just Russia - it is hurting the US too. Lots of in US investors and banks will get burned badly as the oil price goes below the cost of shale oil production. Not to mention the rebuilding of Iraq. I don't think it is that cut and dried. Quote Link to comment Share on other sites More sharing options...
Gordon R Posted December 24, 2014 Report Share Posted December 24, 2014 Unleaded £109.7 - Asda. Quote Link to comment Share on other sites More sharing options...
treetree Posted December 24, 2014 Report Share Posted December 24, 2014 Thing is, if you look at history, despots tend to tighten their grip on power in tough situations. The low oil price is hurting more than just Russia - it is hurting the US too. Lots of in US investors and banks will get burned badly as the oil price goes below the cost of shale oil production. Not to mention the rebuilding of Iraq. I don't think it is that cut and dried. Sure shale / alternatives will take a hit, but don't underestimate the lengths the USA will go to in order to prod the Russian bear. They are trying to pick a fight. The Saudis are willing conspirators and real winners; USA shale production stalls, and Russia (supporters of the Assad regime in Syria, and proxy enemy in that conflict, get hit hard). Not to mention their other enemy Iran who also suffer from low prices. As for the rebuilding of Iraq suffering, I don't imagine they could care less. Quote Link to comment Share on other sites More sharing options...
aris Posted January 3, 2015 Author Report Share Posted January 3, 2015 107.9 Petrol 114.9 Diesel Quote Link to comment Share on other sites More sharing options...
delburt0 Posted January 4, 2015 Report Share Posted January 4, 2015 Got a 22p off per litre voucher through clubcard to use before February **** derv at tesco but the last time it was less than a quid a ltr I had a Austin Healey ... Quote Link to comment Share on other sites More sharing options...
shaun4860 Posted January 4, 2015 Report Share Posted January 4, 2015 114.7 @ Asda Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted January 4, 2015 Report Share Posted January 4, 2015 114.9 at Morrisons in Stamford! Quote Link to comment Share on other sites More sharing options...
Jaymo Posted January 4, 2015 Report Share Posted January 4, 2015 Here in France were are paying €1.06 which as still paid in pounds works out around 84p so am well chuffed as everything else here is so dam expensive........ Quote Link to comment Share on other sites More sharing options...
steve_b_wales Posted January 5, 2015 Report Share Posted January 5, 2015 My local Murco station is charging 118.9 for diesel. He's only just reduced this from 120.9. He checks the prices in the Esso one, 5 miles down the road, and adjusts his accordingly. Quote Link to comment Share on other sites More sharing options...
aris Posted January 6, 2015 Author Report Share Posted January 6, 2015 I just read that ASDA are doing 105.7p per litre of unleaded or 112.7p per litre of diesel - nationwide. Quote Link to comment Share on other sites More sharing options...
pestcontrol1 Posted January 6, 2015 Report Share Posted January 6, 2015 The wife just said that morisons is only 1p above Asda at the moment Quote Link to comment Share on other sites More sharing options...
steve_b_wales Posted January 7, 2015 Report Share Posted January 7, 2015 My local Murco station is charging 118.9 for diesel. He's only just reduced this from 120.9. He checks the prices in the Esso one, 5 miles down the road, and adjusts his accordingly. Reduced down to 117.9 as I passed on the way to work last night. Quote Link to comment Share on other sites More sharing options...
Sussexboy Posted January 7, 2015 Report Share Posted January 7, 2015 Our local independent supermarket today has unleaded at 104.9 and diesel at 111.9. Quote Link to comment Share on other sites More sharing options...
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