Fuel prices up again in the UK

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Jun 7, 2008 | 09:36 AM
  #1  
Fuel has just gone up again,for the 3rd time in the monthwe are now paying £1.15 per litre.How much do u guys pay and when last did it go up in the free world.The tax man is sucking us dryThanks FAT BOY.
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Jun 7, 2008 | 11:04 AM
  #2  
I just paid $4.65 per gal here in CA. It's expensive, but not enough to keep us from driving
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Jun 7, 2008 | 01:30 PM
  #3  
how much does 1.15 per liter translate to us. $8?
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Jun 7, 2008 | 01:35 PM
  #4  
Gas prices are going up, and it looks like it is going to continue.....
http://us.rd.yahoo.com/finance/news/...es_bodman.html
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Jun 7, 2008 | 01:50 PM
  #5  
I am here in Dallas, Texas and paid US $3.91 a gallon today or about .52 UK pound (do you call that quid some times???) if my math is correct.
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Jun 7, 2008 | 01:51 PM
  #6  
Quote: how much does 1.15 per liter translate to us. $8?
close, I think it is about US $8.60. ouch!
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Jun 7, 2008 | 01:55 PM
  #7  
lol yeh i never understood why quid and pound mean the same thing...from what ive gathered.

its a hard math conversion because the dollar is dropping in value everyday, and also cause the liter and gallon thing. lol. the US is so messed up in terms of metric. haha
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Jun 7, 2008 | 01:58 PM
  #8  
Quote: how much does 1.15 per liter translate to us. $8?
Hi,1 pound buys $2.07 ,so we are paying $8.per gallonbut they won't stop me driving.cars run through my blood
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Jun 7, 2008 | 02:03 PM
  #9  
Quote: I am here in Dallas, Texas and paid US $3.91 a gallon today or about .52 UK pound (do you call that quid some times???) if my math is correct.
Yip,it is the same thing
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Jun 7, 2008 | 02:05 PM
  #10  
What would you say is the average distance for commutes over in the UK? Over here where I live, the average 1-way distance is 35 miles (~56km).
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Jun 7, 2008 | 02:50 PM
  #11  
Quote: I just paid $4.65 per gal here in CA. It's expensive, but not enough to keep us from driving
That's exactly the attitude that KEEPS prices up...the persistance of demand despite higher prices. The more you decide that pump prices won't affect the number of miles you drive, the less incentive there will be to drop them.

The only way that prices are going to drop is is we use LESS gas....and supply rises. Demand.....and rampant price speculation.....is what has pumped prices up to what they are now. We obviously can't control the demand in Asia, but we can help control demand here at home by simply not driving as much, cutting out most or all non-essential driving, and modifying our driving style. We can also press our representatives in Congress to tell the Greenies (for once) where to go and start opening up more oil fields for drilling and allowing more refinery constuction.

Being in CA, you can also put part of the blame for high prices on CARB (California Air Resources Board). CARB forces oil companies to sell gas in CA that is a different blend from that in most other states, thereby causing the CA gas market to be a non-price-effective one.
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Jun 7, 2008 | 03:08 PM
  #12  
Quote: That's exactly the attitude that KEEPS prices up...the persistance of demand despite higher prices. The more you decide that pump prices won't affect the number of miles you drive, the less incentive there will be to drop them.

The only way that prices are going to drop is is we use LESS gas....and supply rises. Demand.....and rampant price speculation.....is what has pumped prices up to what they are now. We obviously can't control the demand in Asia, but we can help control demand here at home by simply not driving as much, cutting out most or all non-essential driving, and modifying our driving style. We can also press our representatives in Congress to tell the Greenies (for once) where to go and start opening up more oil fields for drilling and allowing more refinery constuction.

Being in CA, you can also put part of the blame for high prices on CARB (California Air Resources Board). CARB forces oil companies to sell gas in CA that is a different blend from that in most other states, thereby causing the CA gas market to be a non-price-effective one.
your statement is incorrect... gas has an inelastic demand... it doesn't matter if people cut down miles... or w/e
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Jun 7, 2008 | 03:16 PM
  #13  
Quote: What would you say is the average distance for commutes over in the UK? Over here where I live, the average 1-way distance is 35 miles (~56km).
Probably much the same or more. Because house prices have rocketed in the last 5 years (far more than in the US), more and more people have had to look further afield for more reasonably priced homes, so commuting distances have increased. I do a round trip of 84 miles to and from work.

Much as I despise the percentage tax take in our fuel prices, in this case our prices are rising due to the oil price and greedy oil companies, not the Government.
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Jun 7, 2008 | 03:44 PM
  #14  
I think its like $5.678 CDN/US Gallon or $6.81 CDN/UK Gallon here in Montreal right now.
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Jun 7, 2008 | 04:02 PM
  #15  
Quote:
your statement is incorrect... gas has an inelastic demand... it doesn't matter if people cut down miles... or w/e
whoa, all those years of micro ecn just came rushing back to me.
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