Sprinkler Systems Uhaul move Lawn care Roses and trees Ford Parts Chrysler Parts Lake Powell New IPod Touch Apps New IPhone Apps IPhone Apps IPad Information IPad Apps Android APPS Android Games APPS Android Systems Android Tablets APPS and Beyond Smartphone Apps Smartphone Games Apps Repair and Tools Tablet PC Car Sharing Car Leasing Tabler Pc Fly Fishing Toyota Cars Vacation Rentals Stock market NYSE SSE Stock Freight & Shipping News Gluten Lactose Gout My Coupon Life Campgrounds Check Outdoor Kitchen Design and Redoo Bath Remodeling Palm Springs Las Vegas Vacation Tipps Lake Powell Boating Homes for lease
Reader


[Suche]  [Administrator]  [Hinweise zum Reader]  [Startseite]
Finances / Finanzen » uk.finance » Fuel prices "soaring" in US
Fuel prices "soaring" in US [message #382849] Do, 20 April 2006 15:21
nospam  
http://www.chron.com/disp/story.mpl/ap/business/3806844.html

Newsflash - Yanks pay £0.34 per litre (ie, about a third of what we pay
here).

Given that tax at the pump is what - about 2/3 (?) of the price charged by
the stations - how can our government get away with charging so much in
comparison to other countries? Its insane.
Re: Fuel prices "soaring" in US [message #382852 ] Do, 20 April 2006 15:26
Martin  
<nospam [at] invalid.invalid> wrote in message
news:seadnd4pLPh-F9rZRVnyiw [at] bt.com...
> http://www.chron.com/disp/story.mpl/ap/business/3806844.html
>
> Newsflash - Yanks pay £0.34 per litre (ie, about a third of what we pay
> here).
>
> Given that tax at the pump is what - about 2/3 (?) of the price charged by
> the stations - how can our government get away with charging so much in
> comparison to other countries? Its insane.

In the US, they're doubtless paying assorted other taxes at higher rates
than here, to make up the difference.

We're not so unusual in the UK - look at pump prices across Europe. Why are
they comparable, and often slightly higher?

--
Martin

[Remove barrier to reply]
Re: Fuel prices "soaring" in US [message #382858 ] Do, 20 April 2006 15:52
Colin Forrester  
Martin wrote:

> In the US, they're doubtless paying assorted other taxes at higher rates
> than here, to make up the difference.

Doubtless - but can you think of any? Talking to my brother in MI the
other night suggests he pays less for just about everything. Fine wine
and food are more expensive than in the UK.
Re: Fuel prices "soaring" in US [message #382860 ] Do, 20 April 2006 16:16
Skyes  
"Colin Forrester" <colin [at] thefrogslepthere.com> wrote in message
news:4api18Fu0j5gU1 [at] individual.net...
> Martin wrote:
>
>> In the US, they're doubtless paying assorted other taxes at higher rates
>> than here, to make up the difference.
>
> Doubtless - but can you think of any? Talking to my brother in MI the
> other night suggests he pays less for just about everything. Fine wine
> and food are more expensive than in the UK.

Certain brands of European cars are much more expensive in the US. I suppose
if you look into you will find a broad balance but there will always be some
differences. Talking to people that I know that have moved to live in the US
they say that it is cheaper to live overall - but I suppose it depends on
how you live your life.

---
Sam
Re: Fuel prices "soaring" in US [message #382862 ] Do, 20 April 2006 16:46
Steve Firth  
Martin wrote:
> <nospam [at] invalid.invalid> wrote in message
> news:seadnd4pLPh-F9rZRVnyiw [at] bt.com...
>> http://www.chron.com/disp/story.mpl/ap/business/3806844.html
>>
>> Newsflash - Yanks pay £0.34 per litre (ie, about a third of what we pay
>> here).
>>
>> Given that tax at the pump is what - about 2/3 (?) of the price charged by
>> the stations - how can our government get away with charging so much in
>> comparison to other countries? Its insane.
>
> In the US, they're doubtless paying assorted other taxes at higher rates
> than here, to make up the difference.


Hhahahahahahah

Err no.

> We're not so unusual in the UK - look at pump prices across Europe. Why are
> they comparable, and often slightly higher?

Errm they're not. UK pump prices tend to be higher, full stop. Compared
to Luxembourg and Switzerland pump prices here are incredibly high.

Besides, France and Italy which come close in terms of pump prices
(althopugh still lower than the UK) have an infrastructure which is
worth having. Not the decrepit road system that the UK "enjoys".
Re: Fuel prices "soaring" in US [message #382866 ] Do, 20 April 2006 17:36
nospam  
>> We're not so unusual in the UK - look at pump prices across Europe. Why
>> are they comparable, and often slightly higher?
>
> Errm they're not. UK pump prices tend to be higher, full stop. Compared to
> Luxembourg and Switzerland pump prices here are incredibly high.

Not to mention countries elsewhere in the world - in NZ for instance - I
read a few months ago they pay something like 60p a litre (wow almost double
what the Americans pay!) - and they're in the middle of nowhere where it
should be more expensive to get it there (like in Scotland when I visited
the other day some garage in the Highlands charging 102p a litre).

> Besides, France and Italy which come close in terms of pump prices
> (althopugh still lower than the UK) have an infrastructure which is worth
> having. Not the decrepit road system that the UK "enjoys".

Couldn't agree with you more.
Re: Fuel prices "soaring" in US [message #382867 ] Do, 20 April 2006 17:41
Colin Forrester  
Sam Smith wrote:

>>> In the US, they're doubtless paying assorted other taxes at higher rates
>>> than here, to make up the difference.
>> Doubtless - but can you think of any? Talking to my brother in MI the
>> other night suggests he pays less for just about everything. Fine wine
>> and food are more expensive than in the UK.
>
> Certain brands of European cars are much more expensive in the US.

He actually works for GM and we have discussed this before. That is
true but there is a huge choice of vehicles and the expensive ones tend
not to be manufactured in the US.
Re: Fuel prices "soaring" in US [message #382868 ] Do, 20 April 2006 18:20
WeathermanBill  
<nospam [at] invalid.invalid> wrote in message
news:seadnd4pLPh-F9rZRVnyiw [at] bt.com...
> http://www.chron.com/disp/story.mpl/ap/business/3806844.html
>
> Newsflash - Yanks pay £0.34 per litre (ie, about a third of what we pay
> here).
>
> Given that tax at the pump is what - about 2/3 (?) of the price charged by
> the stations - how can our government get away with charging so much in
> comparison to other countries? Its insane.

Precisely because oil is so cheap, even at $70 per barrel it only works out
around 14p a pint. By comparison our farmers are moaning about 20p per pint
of milk, whilst an oil company has to find oil, drill it, pipe it, then
eventually refine it into end product, transport it and retail it for less
than that.

Aside from alcohol and tobacco, what else could you tax twice at 80%
marginal rate and people would continue to consume it? Crude oil is cheaper
than milk, orange juice even bottled water.

If people seriously think oil is expensive then they haven't seen anything
yet.
Re: Fuel prices "soaring" in US [message #382869 ] Do, 20 April 2006 18:31
nospam  
> Precisely because oil is so cheap, even at $70 per barrel it only works
> out around 14p a pint. By comparison our farmers are moaning about 20p per
> pint of milk, whilst an oil company has to find oil, drill it, pipe it,
> then eventually refine it into end product, transport it and retail it for
> less than that.

Granted - but all the oil companies have just made record profits -
something you wouldn't expect farmers to do, so even though its "cheap" the
volumes they sell are phenomenol, and hence so are the profits.

> Aside from alcohol and tobacco, what else could you tax twice at 80%
> marginal rate and people would continue to consume it? Crude oil is
> cheaper than milk, orange juice even bottled water.
>
> If people seriously think oil is expensive then they haven't seen anything
> yet.

Well I agree, it does seem cheap when you put it into a context like that,
and if the price goes up and the government have to cut their portion of it,
then that's not necessarily a bad thing, but if they don't cut their
taxation on it soon, the whole world is going to be in for a rough ride (and
that's not even because of the poor state of some of the roads!)...
Re: Fuel prices "soaring" in US [message #382870 ] Do, 20 April 2006 18:31
WeathermanBill  
"Sam Smith" <nospam [at] nospam.com> wrote in message
news:e2854n$9b1$1$8300dec7 [at] news.demon.co.uk...
> "Colin Forrester" <colin [at] thefrogslepthere.com> wrote in message
> news:4api18Fu0j5gU1 [at] individual.net...
>> Martin wrote:
>>
>>> In the US, they're doubtless paying assorted other taxes at higher rates
>>> than here, to make up the difference.
>>
>> Doubtless - but can you think of any? Talking to my brother in MI the
>> other night suggests he pays less for just about everything. Fine wine
>> and food are more expensive than in the UK.
>
> Certain brands of European cars are much more expensive in the US.

Really? What we consider to be a highend 3litre BMW in this country is often
cheaper than the entry level model in the UK, obviously with a low spec and
small engine. That probably says more about the cost of fuel and exchange
rates though.

California is now voting on a new 12% local income tax rate, on top of the
<=35% federal rate, there is also 'social security' (paying for other ppl's
retirements) and medical cover, both of which will easily consume beyond an
additional 10%. So Marginal rates are quite high :-
http://en.wikipedia.org/wiki/State_income_tax

The UK is just a bit more stealthy, but of course you get medical cover in
return, for what it's worth.
Re: Fuel prices "soaring" in US [message #382872 ] Do, 20 April 2006 18:45
WeathermanBill  
<nospam [at] invalid.invalid> wrote in message
news:AfqdnX9ydNz8KtrZRVnyvw [at] bt.com...
>> Precisely because oil is so cheap, even at $70 per barrel it only works
>> out around 14p a pint. By comparison our farmers are moaning about 20p
>> per pint of milk, whilst an oil company has to find oil, drill it, pipe
>> it, then eventually refine it into end product, transport it and retail
>> it for less than that.
>
> Granted - but all the oil companies have just made record profits -
> something you wouldn't expect farmers to do, so even though its "cheap"
> the volumes they sell are phenomenol, and hence so are the profits.

Yes, obviously volumes are a factor but oil companies simply make a margin,
in reality most oil production out there is controlled by state
organisations, the vast majority of production in fact.

The US oil majors control around 6% of production combined, that's why it
doesn't really wash when some Americans decide to engage in some populist
bashing. In order bring new oil sources on stream they need to explore and
exploit new reserves, they won't have money or incentive to do that if their
margins are taxed away. That's precisely why exploration rigs are now
leaving the North Sea for friendlier waters following Brown's tax raid
earlier this year.

<
>> If people seriously think oil is expensive then they haven't seen
>> anything yet.
>
> Well I agree, it does seem cheap when you put it into a context like that,
> and if the price goes up and the government have to cut their portion of
> it, then that's not necessarily a bad thing, but if they don't cut their
> taxation on it soon, the whole world is going to be in for a rough ride
> (and that's not even because of the poor state of some of the roads!)...

In the same way one could argue that fuel taxation needs to double in order
to bring about some demand destruction that will eventually cut back demand
and bring about some real conservation. i.e. Not using a mini-personal
carrier with a 5L V8 engine simply to fetch a 30p bottle of milk.

This is a global problem, fuel consumption has been pretty stable in the UK
for the last 20 years, however North Sea production is now dropping off so
we have to dip into international markets to make up the shortfall, this is
at exactly the same time when the emerging markets are devouring energy.

Maybe we were wrong to treat oil as a commodity in the first place, we've
been quite wasteful with it. If you think oil is a problem then just look at
the even worse predicament that is natural gas.

It's not the oil price that needs to be lowered, but our own expectations.
Re: Fuel prices "soaring" in US [message #382875 ] Do, 20 April 2006 18:55
WeathermanBill  
<nospam [at] invalid.invalid> wrote in message
<
>> Besides, France and Italy which come close in terms of pump prices
>> (althopugh still lower than the UK) have an infrastructure which is worth
>> having. Not the decrepit road system that the UK "enjoys".
>
> Couldn't agree with you more.

Their road system is good precisely because you have to pay additional tolls
on trunk routes, this often goes to private companies.
Re: Fuel prices "soaring" in US [message #382879 ] Do, 20 April 2006 20:12
Martin  
"Steve Firth" <%steve% [at] malloc.co.uk> wrote in message
news:e28758$303$3 [at] genet.malloc.co.uk...
> Martin wrote:
>> <nospam [at] invalid.invalid> wrote in message
>> news:seadnd4pLPh-F9rZRVnyiw [at] bt.com...
>>> http://www.chron.com/disp/story.mpl/ap/business/3806844.html
>>>
>>> Newsflash - Yanks pay £0.34 per litre (ie, about a third of what we pay
>>> here).
>>>
>>> Given that tax at the pump is what - about 2/3 (?) of the price charged
>>> by the stations - how can our government get away with charging so much
>>> in comparison to other countries? Its insane.
>>
>> In the US, they're doubtless paying assorted other taxes at higher rates
>> than here, to make up the difference.
>
>
> Hhahahahahahah
>
> Err no.

You are obviously better informed than me. Yesterday, for instance, the top
UK Corp Tax was 30% while in the US it was 34%. Which of those figures
changed this morning?

>> We're not so unusual in the UK - look at pump prices across Europe. Why
>> are they comparable, and often slightly higher?
>
> Errm they're not.

Eh? They jolly well are. Unless you're getting your Euros very cheaply,
you'll find there is little difference - and typically you'll pay more in,
say, France (excepting the occasional unmanned station).

> Compared to Luxembourg and Switzerland pump prices here are incredibly
> high.

What do you mean by "incredibly"? Slightly, maybe - but then their navies
cost less :-)

> Besides, France and Italy which come close in terms of pump prices
> (althopugh still lower than the UK)

No they're not.

> have an infrastructure which is worth having. Not the decrepit road system
> that the UK "enjoys".

For speed, I'd rather drive round the M25 than the peripherique anytime.
And have you ever compared the motorway maps of France & Britain? Seen any
motorways in Brittany? Or looked at the route from Lyon to Monaco? And
you've obviously forgotten that they also charge motorway tolls throughout
Switzerland, Italy and most of France. Yet their petrol still costs as much
as in the UK.


--
Martin

[Remove barrier to reply]
Re: Fuel prices "soaring" in US [message #382880 ] Do, 20 April 2006 20:22
Jonathan Bryce  
Martin wrote:

> In the US, they're doubtless paying assorted other taxes at higher rates
> than here, to make up the difference.

Or rather they pay lots of money for medical care, whereas is it mostly free
here.
Re: Fuel prices "soaring" in US [message #382881 ] Do, 20 April 2006 20:25
Jonathan Bryce  
Martin wrote:

> You are obviously better informed than me. Yesterday, for instance, the
> top
> UK Corp Tax was 30% while in the US it was 34%. Which of those figures
> changed this morning?

You will find that taxable profits calculated under US rules are probably
lower than those calculated under UK rules.
Re: Fuel prices "soaring" in US [message #382887 ] Do, 20 April 2006 22:18
D  
Martin wrote:

> Eh? They jolly well are. Unless you're getting your Euros very cheaply,
> you'll find there is little difference - and typically you'll pay more in,
> say, France (excepting the occasional unmanned station).

I don't know what prices are in the UK but unleaded is 1.25 euros and
diesel 1.15 euros at a manned station in France today which I make 86.5
and 79.9p per litre. Is that more or less than typical in the UK?

> And have you ever compared the motorway maps of France & Britain? Seen any
> motorways in Brittany? Or looked at the route from Lyon to Monaco? And
> you've obviously forgotten that they also charge motorway tolls throughout
> Switzerland, Italy and most of France. Yet their petrol still costs as much
> as in the UK.

Seen any new motorways built in Britain recently? Lyon to Monaco - well
there are some bloody big hills in the way so go down to Marseille and
across - the roads are generally clear and quick unlike say the M5 or M1.

France might have motorway tolls but not in conurbations, only on the
bits in between and there is no annual road tax. Instead there is a one
off fee to register your car, eg. ford focus registration fee ~180 euros
which is about the cost of 1 years RFL.

Cheers

D.
Re: Fuel prices "soaring" in US [message #382900 ] Fr, 21 April 2006 02:01
andrew.mcp  
jonathan [at] localhost.localdomain (Jonathan Bryce) wrote:

> Or rather they pay lots of money for medical care, whereas is it
> mostly free here.

Exactly! People always conveniently forget about the incredible cost of
health insurance (to either the individual or their employer) in the
USA. On balance I suspect we're no worse off financially and quite a lot
better off culturally. That's worth a few quid of anyone's hard-earned
money.

Andrew McP
Re: Fuel prices "soaring" in US [message #382941 ] Fr, 21 April 2006 16:10
Skyes  
"Virgils Ghost" <no [at] spam.com> wrote in message
news:DHO1g.26724$zy2.16097 [at] fe08.news.easynews.com...
> "Sam Smith" <nospam [at] nospam.com> wrote in message
> news:e2854n$9b1$1$8300dec7 [at] news.demon.co.uk...
>> "Colin Forrester" <colin [at] thefrogslepthere.com> wrote in message
>> news:4api18Fu0j5gU1 [at] individual.net...
>>> Martin wrote:
>>>
>>>> In the US, they're doubtless paying assorted other taxes at higher
>>>> rates than here, to make up the difference.
>>>
>>> Doubtless - but can you think of any? Talking to my brother in MI the
>>> other night suggests he pays less for just about everything. Fine wine
>>> and food are more expensive than in the UK.
>>
>> Certain brands of European cars are much more expensive in the US.
>

Yeah. Try getting an Alpina in the US. ;)

---
Sam
Re: Fuel prices "soaring" in US [message #383003 ] Sa, 22 April 2006 16:54
s_pickle2001  
Martin wrote:
>
> You are obviously better informed than me. Yesterday, for instance, the top
> UK Corp Tax was 30% while in the US it was 34%. Which of those figures
> changed this morning?
>

Such comparison are meaningless without knowing exactly how the basis
of the tax is calculated. More generous allowances or tax credits can
compensate for higher nominal rates. I don't know enough about
corporate taxation to make a comparison.

It is certainly a fact that the various levels of governments in the US
takes less in taxes as proportion of GDP than in the UK. The tax burden
in the UK has been increasing steadily since the Blair and Brown took
over, but I have not noticed a corresponding increase in the standard
of public services.
Vorheriges Thema:VAT
Nächstes Thema:Standard Life shares
Gehe zu:
  


aktuelle Zeit: Mo Mai 21 22:52:04 CEST 2012

Insgesamt benötigte Zeit, um die Seite zu erzeugen: 0,05468 Sekunden
.:: Startseite - Hinweise - Impressum - Links ::.

Powered