Bring on the price war!

http://uk.news.yahoo.com/21/20100519/tuk-asda-announces-petrol-price-cut-6323e80.html

I filled my tank to full at Asda this morning! It was 117.9p per litre, I've done my sums and I could've saved 84p if I'd waited till tomorrow.  :cry:

Ha ha, bet you're gutted aren't you :mrgreen:

They're cheeky Ba$tards anyway, they need to drop it a lot more than that the robbing fu**ers…

Anyway, asda petrol's crap, they can drop it 10p a litre and I still wouldn't buy it from them..

Whinge over…

I've started trying to save as much money on fuel as possible.

amazingly, i last filled up on 114.9p 8O

practically giving it away :roll:

dont get me wrong no-one is in buisness to make a loss. But the forecourt operators make very little proffit from each litre of fuel.
Now asda may be differant because they are buying in such large qantaties but even so if a normal forecourt makes 1 or 2 pence per litre they cant be making a mint from running these. more an attraction to get people to call in.

Its the large petrol companies and the tax man that are in control of the real forecourt price.

rant over

Interesting thread...I agree, the big cats determine the price we pay. Arguably BP are the largest in the industry and it would have the largest impact on the price we all simply chose to bite the bullet and pay that little extra at your local forecourt, instead of filling up at BP or Esso! ( whatever they brand themselves as now) In reaction to dramatic loss in sales, they would be forced to lower the price of fuel!

djheap22 said

dont get me wrong no-one is in buisness to make a loss. But the forecourt operators make very little proffit from each litre of fuel.
Now asda may be differant because they are buying in such large qantaties but even so if a normal forecourt makes 1 or 2 pence per litre they cant be making a mint from running these. more an attraction to get people to call in.

Its the large petrol companies and the tax man that are in control of the real forecourt price.

rant over

to be fair m8 its not the tax on fuel at the moment its the vender at present

The price of fuel has been hitting my wallet pretty hard recently, I used to use super unleaded without fail but it's just not viable. I was running a Corrado and the Golf until last week, £50+ each to fill the tanks and a each tank only lasts me about 4 days. I've had to sell the Corrado because of the fuel prices.  

Asda Fuel doesn't seem too bad though, haven't noticed any loss in power/flat spots etc. Plus it's 5p/litre cheaper than my local BP! and pay at the pump means I don't have to que in a shop for 10 minutes waiting for school run mums to pay for their shopping!

I think we need a mass convoy of Mk1's doing 10mph down the M1 like the truckers did in 2000!    8)

The vast majority of the price of fuel is duty and VAT - I'm a bit of a calcs & stats geek, so let's see if this little collection of figures is enough to make your blood boil

I do 30,000 miles a year.

I average 30mpg

I therefore use 1,000 gallons of fuel.

1 gallon of fuel costs £5.77 (I have to use V-Power)

I therefore spend £5,770 a year on fuel.

£2.58 per gallon is payable in fuel duty AND £0.86 per gallon in VAT

So, for every gallon I buy, the government takes £3.44, an effective taxation rate of almost 60%

Out of the £5,770 I spend, the government is taking £3,440

It gets worse….

I have to earn £9,779 in order to go home with £5,770 to spend on fuel.

So - out of every £9,779 that I earn AND spend on fuel, the government takes the following:

*£3,912 in income tax
*£98 in national insurance
*£2,580 in fuel duty
*£860 in VAT

A total tax/duty haul of £7,450

I'm fortunate to have a job (well two actually) that means I can afford it, but it grieves me to think how much more cash I'd have if it wasn't for tax. I'd happily spend ten grand a year on various insurances if it meant I didn't have to pay tax of any sort.

Wont be long before BP ramp up the price of fuel to pay for THIER oil spillage in the Mexican gulf.

They cause the environmental disaster, and we pay for it!!!

I can remember when it went up to 90 odd pence and the country was up in arms! (i was a nova owner at the time),

When i started driving it was 73.9 p a litre, anyone beat that?

I can remember my Mum used to fill her Mini up at my Uncles garage every Saturday afternoon.

She used to proper struggle to get a fiver in it.

That was around mid to late 70's

that would be cool, does anyone put 5ers in nowadays? i can remember putting £2 in my nova (poor students days lol)

Ha Ha, yeh my at the same time my Uncle used to put 2 quid in his Humber Sceptre.

Showing my age now!!!!!

the best thing is when one of the big companies said they made 3billion profit surly that should be stoped! its disgusting they get that much when we have to strugle to pay to get to work. if it wasnt for us using it they would be out of business!!  

84golf it was 54p pl when i pass in 91!! in my escort giah lol

we should all boycot the big companies to bring the price down. consumer power!!

84golf said

When i started driving it was 73.9 p a litre, anyone beat that?

Er yes - when I started, it was 69p per GALLON  8O

115.9 in North wales at present lets see if Tesco do the same!!!

NigelO said

84golf said

When i started driving it was 73.9 p a litre, anyone beat that?

Er yes - when I started, it was 69p per GALLON  8O

My Dad showing his age physical, not mental

OK i'm now going to realy show my age in 1968 when i learned to drive petrol was 6 shillings and 8 pence (old pence) a Gallon which equated to 3 Gallons for a £1….but… i was only earning £7 a week as an apprentice with BOAC as it was known as then

84golf said

I can remember when it went up to 90 odd pence and the country was up in arms! (i was a nova owner at the time),

When i started driving it was 73.9 p a litre, anyone beat that?

i 1st started driving in a nova and it was 69.9p i beat ya

every one beats me!! no one can beat a9wyn lol,

i had a fiat uno 1litre, which i had to but from my mum n dad at £400!  

back in the petrol strike days everyone boycotted the forecourts on a monday. so basically they missed out on a good days wage