Taxi Driver Online

http://news.uk.msn.com/uk/articles.aspx ... 725871:cry:

don't keep us guessing, skip. link no workie

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My heart is heavy, but my consience clear,
I voted Yes, without any fear.

http://news.uk.msn.com/uk/articles.aspx ... =155725871

pa.press.net, Updated: 31/12/2010 14:55

Drivers facing new fuel price hikes

Motorists already paying record prices for petrol at the pumps will face further hikes over the next few days.

On January 1, a planned Government fuel duty rise will put 0.76p on the price of a litre of petrol and diesel.

Next Tuesday, January 4, the increase in VAT to 20% will mean pump prices go up again.

The AA estimates that the two increases will add around 3.5p to the cost of a litre of petrol and diesel. Its figures show that at present, a litre of petrol costs an average of 123.98p a litre, with diesel at 128.20p a litre.

This time last year petrol was at 107.74p a litre and diesel at 109.46p. The AA has estimated that motorists - even before the two latest increases - are spending almost £10 million more a day on petrol than this time a year ago.

Professor Stephen Glaister, director of the RAC Foundation, said: "It is a bleak mid-winter for motorists with already record petrol prices set to rise significantly with the fuel duty and VAT increases. And that won't be the end of it with more increases in fuel duty already scheduled for April.

"Given that each penny increase in fuel duty raises about an extra £500 million for the Exchequer, it is easy to see why the Chancellor is tempted to hike rates. But if the nation's 34 million motorists are pushed too far they will drive less and the Treasury could actually see their tax take fall. At the election there was much talk about a fuel duty stabiliser. Drivers will rightly be wondering what happened to that idea."

The Freight Transport Association (FTA) said the January 1 fuel duty rise would leave the freight industry "with a £95 million hangover".

Simon Chapman, the FTA's chief economist, added: "Diesel is not an optional extra for industry. It is essential to keep shops stocked and businesses supplied with materials.

"Rises in fuel commodity prices have already left operators facing diesel prices 9p per litre higher than a year ago - adding £3,800 per year to the bill of running an articulated truck. This latest fuel duty increase, together with those previously introduced this year, will add a further £1,200 per year."

source:- MSN News

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!

And yet theres people round here prepared to quote at 50 to 60 p a mile for airports don't they know how much their fuel is costing !


There is also a large rise in oil prices forecast for this year which will possibly add another 10 to 20p a litre the prospect of £1.50 a litre for diesel is not beyond the realms of probability

I've just had my fuelcard text this afternoon. This week's price 126.8; next week's price from Monday 130.9!!!!

It's getting beyond a joke now. Crude is at it's lowest for years yet we are still being raped at the pumps.

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Do not argue with an idiot. He will drag you down to his level and beat you with experience.

Believe me, don't get Mercury X2

Sorry to disagree, Brent crude has gone up abpout $10 a barrel in 3 months or about 12.5%.

Check out the different periods available on the link below:

http://www.bbc.co.uk/news/business/mark ... _month.stm

Not kept track of it, thanks for pointing it out. The increase is due to the cold weather I gather? It shows it peaked on the 21st @ just above $94 a barrel.

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Do not argue with an idiot. He will drag you down to his level and beat you with experience.

Believe me, don't get Mercury X2

Then have a look at today's movement.

5 years ago $70 today $94

it peaked about 2.5 years ago at $130, all refined fuel rose with it, then never came back down (as much) when crude settled back, thats where the monster profits come from (except BP, who just drilled a hole and let it run out)

This will also have an effect:

http://www.bbc.co.uk/news/business/mark ... _month.stm

At the end of the day we have little influence over the price the chinese market is starting to dominate the price of oil is often based on what the chinese are prepared to pay

Well at £1.50 a litre it'll still only cost around 15p per mile. If I drive sensibly on the longer journeys such as airports I'm still getting 100 miles for £10 but it's taking about 15 mins longer to complete the job. Of course fuel isn't the only cost people should be considering when quoting for work but they tend to forget the wear and tear on the vehicle, heaven only knows why

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!