quote:

Originally posted by beach:
i will laugh as the % of oil price increase is completely different to the % increase in pump prices. the main factor of overall pump price is tax.

this post doeesnt make any sense if tax is a percentage and the raw material has increased 8.5 times then the price might be expected to increase fourfold (assuming 50% of costs come from other things)

quote:

Originally posted by beach:
the price is hard to bear, but i do feel psychologically appeased when i focus my attention to the diesel pump prices, and i gloat internally,
somehow makes it all worthwhile.

But diesel is much more expensive than the already overpriced petrol.

quote:

Originally posted by Sulphur Man:
Strange how people's attitudes change. Not so long ago tanker drivers blockaded oil refineries in protest at soaring diesel prices, bringing panic buying of petrol and food and the country to near standstill. And that was for 92p a litre. Now it's much higher, and the response is....apathy mixed with some fear.

This despite the fact that the government's tax on fuel is based on a percentage, so their taking more than ever before.

It was 83.9p per litre in September 2000, when those blockades started.

We all thought that was a crazy price then!

I bet we all wish that was the price now!!!

'Spose it keeps a few thousand cars off the roads compared to if it was 70 p a litre.

Why can't these electric cars be pumped out quicker and cheaper?

oh cos the government don't want them!!!

the government do want them, they do care about pollution, they also care about getting as much tax as possible. its the manufactures and market that has been slow to get them here. when they do come the government will lose billions of fuel tax income but they wont worry as they will then introduce a car congestion tax on car onwership, weather it has 0g/km co2 is not relevent it will still be taxed many hundreds of £ a year for the owner. which=government still happy about their tax revenue. the only time motorists will save is in the transition period if they are early adopters of electric cars, then a few years later they will be hit just as hard.

well ..hopefully it will come 2 the stage where the price of cars will drop significantly ...mayb im hopin like ...but i got my eye on a tidy golf gti

lets hope the car manufacturers revolt n flood the market wit vastly reduced cars

as a protest @ the government of course *cough*

car prices have already fallen, although end of life agreements could well be forcing them up again

seriously though, does anyon know why petrol isnt say 3 or times higher than 3 years ago, rather than just 50% more? the raw mateerial price has gone up probably 6 times. Wheres that knowledgable guy on here who kneew loads about oil cracking etc?? According to "Peak Oil" philosophy we should be in financial meltdown now with oil over 100$ but apart from "the credit crunch" (separate issue) all seems pretty stable. Im confused.

quote:

Originally posted by thebenster:
seriously though, does anyon know why petrol isnt say 3 or times higher than 3 years ago, rather than just 50% more? the raw mateerial price has gone up probably 6 times. Wheres that knowledgable guy on here who kneew loads about oil cracking etc?? According to "Peak Oil" philosophy we should be in financial meltdown now with oil over 100$ but apart from "the credit crunch" (separate issue) all seems pretty stable. Im confused.

I don't think it would be a case of financial meltdown - or at least I hope not! This isn't how I understand Peak Oil theory. My understanding of it is that we will see steadily decreasing output and steadily increasing prices once we reach the point of world peak production. I don't think we've reached peak production yet so I don't think world output is decreasing but demand (particularly from new developing countries like India and China) is increasing hence high prices.

For now it is %50 higher than a few years ago but pessimistic forecasts suggest prices will go on increasing month by month and year by year. I'm not sure why prices are not 3 times higher I'm just happy they're not. Prices are still relatively low compared to average earnings. Which is why some of us are not too worried about big cars or 4x4s although that may change. I've decided when I sell the Saab to get something lighter and more economical. Of course fun too

its already been said...
the oil price is only small percentage of overall petrol price. a barrel of oil is 160litres=$126
which is about 40p a litre.
so lets say petrol at 110p a litre costs 70p a litre plus the cost of oil/litre. if we guess at an increase of oil prices to $200 a barrel that makes about 63p a litre for oil the plus 70p which makes £1.33 a litre when oil reaches $200 a barrel. add on the tax increase of the extra cost between £1.10 and £1.33, so would guess it would be about £1.50 a litre total pump price.
simple look on it as a prediction. its not the correct way though. but thats my fools guess without thinking too much, plus the fact you didnt ask how much petrol would be at $200 a barrel but my prediction is in print now lol.

oil production can increase but the price of getting it will increase also, its harder to get at and of lower quality so needs more work.
unless antartic finally gets drilled then things will change, but i hope it gets left alone.
we maybe getting oil fields in the south of england being pumped soon.

quote:

Originally posted by reverand:
Why can't these electric cars be pumped out quicker and cheaper?

oh cos the government don't want them!!!

The same reason they won't put an extra £1 on 20 cigarrettes, as i would, given the chance.

quote:

Originally posted by reverand:
Why can't these electric cars be pumped out quicker and cheaper?

oh cos the government don't want them!!!

EVs are coming the problem is the whole car production industry is geared against it. It has nothing to do with the govt, who are actively encouraging low CO2 and hybrid cars.

quote:

Originally posted by beach:
its already been said...
the oil price is only small percentage of overall petrol price. a barrel of oil is 160litres=$126
which is about 40p a litre.
so lets say petrol at 110p a litre costs 70p a litre plus the cost of oil/litre. if we guess at an increase of oil prices to $200 a barrel that makes about 63p a litre for oil the plus 70p which makes £1.33 a litre when oil reaches $200 a barrel. add on the tax increase of the extra cost between £1.10 and £1.33, so would guess it would be about £1.50 a litre total pump price.
simple look on it as a prediction. its not the correct way though. but thats my fools guess without thinking too much, plus the fact you didnt ask how much petrol would be at $200 a barrel but my prediction is in print now lol.

i appreciate your answer sir, lots of numbers etc but still have a couple of questions;
1)
2004 75p litre OB $15
2008 130p litre OB $130
explain ??????
that doesnt make sense to me (figure guestimated), i would have expected:
2008 $130 = £3 per litre at least
(although i acknowledge the dollar is now pants which mucks things up a bit).

Also
2) how much petrol and or diesel is producd from a single barrel of oil?

ok lets apply my thinking to your figures.
$15 a barrel are you sure it was that cheap in 2004???
anyway. call that 1 litre for 5p!! oil price. then add 70p (coincidence) to make 75p litre of petrol.
2008 oil is $127 with petrol average today at 114p. so about 40p a litre oil + that 70p makes 110p a litre + tax difference of 5p and 40p oil material prices will bring it close to todays pump price. the figures are slightly out but it shows how petrol is not over 150p a litre even if oil has gone from $15 dollars a barrel to $127.
what we need is a proper expert to explain it, but its probably on google somewhere.

ooops

quote:

Originally posted by beach:
ooops

????

If you spend 108p on a litre of unleaded, 32.6p is for the petrol itself. 66.4p is VAT/duty and 9p is to the retailer/delivery.

Dunno how beach's gobbledegook relates to those figures though.

Recent price hikes are directly related to the increase in oil prices though rather than (even more) profiteering by the oil companies.

The trend is unlikely to reverse, oil is a finite resource and demand is going UP as reserves run down, a surefire recipe for high prices.

quote:

how much petrol and or diesel is producd from a single barrel of oil?

One 42 US gallon barrel of crude oil, when refined, produces about 20 gallons of finished motor gasoline, and 7 gallons of diesel, as well as other petroleum products.
http://www.eia.doe.gov/kids/energyfacts/...

Bottom line, we pay it or go without.