I am bloody sick of this government, They tell us we cant smoke, drink and now it getting very bloody difficult to live any kind of life, that doesnt involve spending money, cause with the price of everything going up and wages not much, we cant afford to do anything just barely have a roof over our heads and feed ourselves!!!!

Up in the highlands it costs 1.15lt of petrol and well its not as easy as 'well think of the environment' being in the middle the country you need a car and now its just sooooooo expensve, even more now with this.

Were, seriously were, when is it gonna stop!!!!

It won't.

Petrol price in my local garage, per gallon, over period April 07 to April 08

Was £4.36 per gallon in April 2007.

Is now £5.18 per gallon in April 2008.

Thats an increase of 82p a gallon in a year. An 18.8% increase.

And if it goes on increasing at that rate and it will cost £6.15 next April (2009).

See if I'm right, or if I'm right.

BP results better than expected ?

OF COURSE THEY ARE !!

When you see the price at the pumps go up by (say) 15%, the petrol companies actually get an increase of 39.5% in their income.

This simple example based on actual petrol prices shows why.

When petrol cost you 95.59p per litre that cost was made up of

Petrol and delivery 31.00p

Fuel duty 50.35p

VAT 14.24p

Then let’s say you saw the price you pay go up to 109.98p per litre. The price increase of 14.39 p per litre is made up of

Petrol and delivery up by 12.25p

Fuel duty up by 00.00p

VAT up by 02.14p

What YOU saw was the pump price going up by 14.39p per litre (From 95.59p to 109.98p). That’s an increase of around 15% to you. You grumbled a lot but stumped up. Could be worse you thought.

BUT

What the petrol company got was an increase of 12.25p per litre on their original 31.0p.

That’s an increase of 39.5% to them.

So. Clever, eh ?

(With apologies for it being me again. I’ll shut up now)

I assume that you are referring to electrically powered vehicles rather than individual nuclear reactors in each car ?

Which means short range - regular recharging stations (which in turn means longer journeys - due to speed limitations of electric vehicles and recharging times) - which means that we are all going to have to learn to slow down in everything that we do - maybe not such a bad thing after all ?

I blogged this just before the Scottish strike, I was worried that petrol (not diesel) would reach 1.20 per litre and not come back down. I remember the gas prices doing a similar thing when there was all the trouble with the pipeline supplies from the Ukraine on New Years Day a few years back. All the gas companies increased prices quoting shortages of gas which actually never occurred.

I can see similar parallels. The strike action occurred which gave all the oil companies yet another excuse to create a media frenzy around fuel shortages so prices went up.

The only long term solution I can see is that we'll all have to work from home.

Okay... this is just a thought (at this stage) but I was wondering how the petrol companies would like it if EVERYONE IN THE UK boycotted buying petrol for just ONE DAY.

I've thought long and hard about this one, and even tempted to make a Facebook group for people to join and agree one date whereby everyone in the UK just dosen't buy petrol. I was thinking how it may make people panic buy, but then if they filled up a few days before to cover the next few days, it should be fine. Afterall, people only panic buy when there is due to be a shortage. In this case, there won't be... there will be an excess of fuel because no one/very few will buy it!

I'm not too sure on the figures (as yet - but are being sought) on how much the petrol companies rake in a day and how much they would lose if everyone just stopped for ONE day. It's easy to blame the Government for the state of this country but I do think people jump on the bandwagon too soon - missing the real picture! Yes the Gov charge a hell of a lot of tax on petrol but if the petrol companies are recording more profits than ever, it goes to show they are ripping us all off too.

So, how do you feel about this idea? Would you be happy to not get petrol for just one day? I know I certainly wouldn't mind even if it meant getting public transport!! The Petrol companies would be forced to rethink!

No, I would much rather have a protest day about excessive profits of the insurance companies,a campaign to send all those flyers back them and a symbolic burning of all those ridiculous policy booklets designed to bore you to death and allow the insurers to wriggle out of anything they possibly can.

A day of not renewing our policies on time to teach those money grabbers a lesson.......!!

i think that if you convinced everyone to change companies at renewal time the insurance companies would go into meltdown. There are usually big write downs on policy prices for the 1st year in order to capture the customer in order to make back money in years 2 and 3.

If everyone moved every year the system would simply break as the companies would never make the full prices they are expecting.

backfoot:

No, I would much rather have a protest day about excessive profits of the insurance companies,a campaign to send all those flyers back them and a symbolic burning of all those ridiculous policy booklets designed to bore you to death and allow the insurers to wriggle out of anything they possibly can.

A day of not renewing our policies on time to teach those money grabbers a lesson.......!!

<Sigh> Another typical backfoot commentary LOL!! A day of not renewing your policy on time? Then it lapses and you have no cover!? Hmm... not sure how that one would work !! If you don't like it, stump up £500,000 to give to the Governer and you won't need to deal with insurance companies!?

Again, if you looked at the ABI figures (which I supplied to you in a previous thread) you would maybe understand the workings a bit better. On the other hand, if you're not prepared to listen and analyse and if you don't know now...

Pretty sure this is a 'Petrol Prices' thread. Everybody else has kept to the topic... (!)

Vicissitude:

backfoot:

No, I would much rather have a protest day about excessive profits of the insurance companies,a campaign to send all those flyers back them and a symbolic burning of all those ridiculous policy booklets designed to bore you to death and allow the insurers to wriggle out of anything they possibly can.

A day of not renewing our policies on time to teach those money grabbers a lesson.......!!

<Sigh> Another typical backfoot commentary LOL!! A day of not renewing your policy on time? Then it lapses and you have no cover!? Hmm... not sure how that one would work !! If you don't like it, stump up £500,000 to give to the Governer and you won't need to deal with insurance companies!?

Again, if you looked at the ABI figures (which I supplied to you in a previous thread) you would maybe understand the workings a bit better. On the other hand, if you're not prepared to listen and analyse and if you don't know now...

Pretty sure this is a 'Petrol Prices' thread. Everybody else has kept to the topic... (!)

Oh so gullible is our Vic. You equate the profits of the oil majors with forecourt prices of petrol.Yet every news analysis at least recognises that their exploration and production arms is where they make their money.It's like saying that insurance companies make all their money out of pet insurance.

Re,on topic/off topic,again the subtelty of illustrating how daft your proposal was,is illustrated in a tongue in cheek response about your 'holier than thou' industry. (if we believe the propoganda.) He's even trying to censor us all now.Big brother looms.......lol.

Plucking one insurer out of the pit, Aviva forecast profits for their next financial year as £2.2bn. Excessive or not? What measures do we judge them on,compared to say BP ? EPS, Profit to capital employed,profit to turnover, sector averages etc. etc.etc...........yawn.

C'mon stick to insurance Vic,You sure are out of your depth on financial matters.

Winds in yet another catch.

Oh so gullible is our Vic. You equate the profits of the oil majors with forecourt prices of petrol.Yet every news analysis at least recognises that their exploration and production arms is where they make their money.It's like saying that insurance companies make all their money out of pet insurance.

Two completely different industries. Petrol companies take pure profits after the cost of aquisition has been calculated. They do not need financial reserves and do not pay out compensation in the event of a loss.

Re,on topic/off topic,again the subtelty of illustrating how daft your proposal was,is illustrated in a tongue in cheek response about your 'holier than thou' industry. (if we believe the propoganda.) He's even trying to censor us all now.Big brother looms.......lol.

What an idiotic comment! (Again) LOL!

Plucking one insurer out of the pit, Aviva forecast profits for their next financial year as £2.2bn. Excessive or not? What measures do we judge them on,compared to say BP ? EPS, Profit to capital employed,profit to turnover, sector averages etc. etc.etc...........yawn.

C'mon stick to insurance Vic,You sure are out of your depth on financial matters.

No, it's not excessive when you consider the size of the global company. Their share price is 641.00 as I write, which is pretty healthy. Do you understand how the profits of this particular company are calculated and how much the revenue helps support the UK economy by form of premium, invested premium reserves and it's place on the stock?

I actually feel a little bit embarrased for you backfoot. It's pretty evident that I'm very much in a comfortable depth on the financial matters in the insurance industry and have a broader understanding of business and economics. Please... read a book!

Vicissitude:

No, it's not excessive when you consider the size of the global company. Their share price is 641.00 as I write, which is pretty healthy. Do you understand how the profits of this particular company are calculated and how much the revenue helps support the UK economy by form of premium, invested premium reserves and it's place on the stock?

I actually feel a little bit embarrased for you backfoot. It's pretty evident that I'm very much in a comfortable depth on the financial matters in the insurance industry and have a broader understanding of business and economics. Please... read a book!

Vic,

You missed the point of it all again.You are a complete blusterer and way out of your depth, except in your own mind.You do so remind me of David Brent.

'Their share price is 641p which is pretty healthy'.......lol.......who told you that? Hilarious. Admiral at 858p,what about that....better or worse?

BP/Shell though they are just robbing so and so's. Yes/no ...not sure!! Contribute to the economy? Fair share price?

Hook ,line and sinker.