Fuel Prices: Cost At Pump 'Is Fair'
 

Well there you go Britain! What are you complaining about? The OFT says it is a fair price so stop yer moaning :D

http://news.sky.com/story/1044946/fu...t-pump-is-fair

No real surprises there then :rolleyes:

We're getting such a good deal on fuel. :wonder:

lol, missed out an important couple of words there,

price is fair 'before tax'

aka tax is ****ing us in the ass like a bull

Question: The OFT are what?

Answer: A government department.

Question: If prices came down who would lose out?

Answer: The government

Hmmmmm ;) :Whatever_ :lol1:

Ah but would they, f1? As you rightly pointed out the other day, Leffer curve effects might actually be reduced if fuel tax was reduced. And the political kudos for reducing a tax would be enormous. It would be a ballsy move, but one that must be close to being worth taking?

Reduce fuel tax?

When the last lot spent YEARS vilifying and criminalising the motorist, while STILL using us as cash cows?

There would be an uproar from the greens and conservationists.

Yes I agree and my post above was mainly in jest.

There is no doubt there has been a big drop in fuel usage and obviously in some ways that could be perceived as a good thing, but what is hard to know is

a) how much of the drop is the Leffer curve effect

and

b) what the knock on effects to the economy of the drop are. For example if Mr and Mrs Smith can't afford to go out at the weekend with their kids it isn't just the fuel sales that are suffering.

My gut feeling is we have reached a point where many people can no longer afford to use it as much as they once did.... certainly not for leisure pursuits solely because of the price and that is not a particularly good thing while no reasonably priced alternative exists for so many.

Also let's not solely focus on tax as most of the increases in the last few years have come from the increase in the price of the product itself.... the oil companies are playing their part without a doubt.

no gut feeling about it, petrol sales are 0.5billion Litres down per quarter according to AA

http://www.theaa.com/newsroom/news-2...d-quarter.html

Yes I know and have mentioned it on here several times already, but my point is we don't know how much of that is down to the price, the recession, more fuel efficient vehicles etc. etc.

As I said my gut feeling is price in the main.

ah sorry i get you, yet i have little doubt its down to anything else tbh.

i cant seeing it going up huge amounts more tbh, synthetic petrol is not far off the current price iirc, as soon as that point is reched prices will level out.

No worries, I wasn't very clear tbh.

Yes I think it doesn't have much more room to rise, not right now anyway!

Perhaps I too would have assumed we're all getting such a good deal on fuel, if I were a fat cat, working in a bent & poorly informed government department, with my head stuck up my backside!

Alas.

:facepalm:

IMO, minority groups, so let them carp and crack on.

I think our tax system is broken when we all have to pay at least 80 pence in tax for every litre of fuel we buy!
:-(

Well we have to find the money for this sort of thing from somewhere:

https://www.scoobynet.com/non-scooby...ight-here.html

:Whatever_

Oh great more free loaders on the telly!

Yep, let's celebrate the 'the world owes me a living' generation :Whatever_

Its a bloody rip off,the end.

10% drop in sales from 2008.

There us also the job factor to consider, I have friends in the building trade who since the downturn now have travel to long distances to find work, some get up at 4am to face a 2-3 hour commute every day, as the cost of motoring goes up the logic behind traveling to work starts to seem stupid, it becomes a better option to sit a home claim dole and do whatever cash in hand jobs become available.

Is there any other situation where the tax/duty on something is more than 100% of the original cost?

Booze?

Cigarettes the tax is 78% of the RRP.

I probably should have guessed those two!

Airline flights with BA. 30 or 40 quid for the flight and 130+ quid taxes and charges.

maybe they should charge roadtax for electric cars to make up some of the money because you drive a electric car dont mean you shouldnt pay roadtax . also its greed we cant just earn a billion this year we have to earn 1.1 BILLION growth growth growth yet wages seem to only go down atm. daylight robbery from the goverment they no different to a mugger or burglar. FACT

or stop paying benefits to bums who just goto the pub everyday and thief of people. they get free house thats good enough. stop paying other countries loads of money that would never help us, stop doing silly things like invading other peoples countries and let them get on with themselfs.
its rude and cheeky for the goverment to say we got no money so we need to charge you more for everything

You not a socialist any more then?