UK: petrol to hit 120p a litre later this year.
 

The sad part about that comment is that it is true, and nobody will ever do anything about it.

http://uk.news.yahoo.com/5/20100305/...v-327c223.html

"British drivers have been hit by petrol tax rises running at twice the average rate across Europe, new data shows."

look on the bright side, our country went to war so that America can control the oil fields, someone profited from it and it wasn't us.

That is 7 bucks a gallon. I don't know why you guys put up with that shit. Go see Green Zone. It might give you a clue. Can you say Tony Blair? I don't even know who the new guy is, but someone is making you bend over.

It looks like over half of that is taxes. Perhaps you should complain about the government sticking it to you and not the petrol companies!

Huh? Your countrys companies won several of the oil contracts.

Most of that price is not oil companies profit margins but TAXES TAXES TAXES.

Our current price per litre is €1.569 equals to £1.45 per litre or $8.262 per gallon

yup - why else would diesel be more expensive than petrol.... it's the only european country where that is the case. :2 cents:

For those with recent petrol cars (last 6 years), most models can be GPLd for around a couple of grand. If GPL stays at ~half that of petrol/diesel for at least 3 years, you are making a profit. With the future of "cleaner fuels", I'd say the price gap will get wider as time goes on.

That or by a GPL car to start with :winkwink:

There's a big oil company cut though and they control the prices. Case in point - whenever crude per barrel goes nuts, the price at the pump goes up immediately. When the price of crude goes back to "normal", it takes forever to come down at the pump (and it never goes back to what it was)

?1.20(ish) for 95 here.

That is my biggest problem with it, when the prices of a barrel fall, the pump price takes like 2 weeks to drop a little. When Oil fell from $147 a barrel to $50 a barrel, the prices only dropped in the UK by about 20%. Unbelievable.

And they try to explain that shit away everytime with supply/demand economics models which are total BS. Its funny when you look at Yahoo news or other AP sources and they pose that same question and its always backed up with some utter crap explanation supposed to calm the masses.

Big oil has been fucking everybody from day one, then the governments use it conveniently to tax the living crap of you.

Sorry I dont know your money.. whats the difference ( 120p a litre - £5.41 a gallon ) in the money there. whats the P

its 1.1uer over here

The story a station owner told me was this. The price that the station paid was at the old, HIGH price, so until that supply is gone, they have to recoup their money. That IS a legitimate argument.

HOWEVER, when the price per barrel JUMPS, they would have ALSO bought a supply of gas at the old LOW price. Yet the price at the pump jumps instantaneously.

That makes their argument nothing but total bullshit.

No, actually it doesn't. It's not the individual gas stations that decide the price. We could buy 10k gallons of gas at $2.00 per gallon, and theprice of oil jump up in the afternoon and big oil makes a phone call to the gas station HQ's and says, you have to raise your prices to $2.25, no questions asked. That is where the oil companies fuck our pretty little assholes.

Oh that, and jacking our prices by 30 cents every weekend, blaming it on demand.

wow guys, that is expensive!!! where I am at right now, gas is 2.93 per gallon, U.S. dollars

p is pence, so 120p is 1 pound 20 p - correct me if im wrong limes