Petrol Prices - Are they to high - What can we do about it.

[byronkincaid]

http://www.bbc.co.uk/news/business-12258328

[bobAlike]

Just seen this thread.

Started on 21st May 2008 - Litre of Petrol - £1.12.

Todays price - £1.30.

It will never stop going up....

Supply and demand?  Or a greedy govenment? (Gov earns a huge % in tax (74% I think))

My friend is in the states..47p a litre! so it's not supply and demand..

Very little to do with supply and demand that the UK prices are this high. Obviously supply and demand is part of it but the majority has to do with a weak pound and ridic taxes.

You forgot to mention OPEC who control the flow of oil which is used to ensure the oil companies make enough too much money

[boldie]

http://www.bbc.co.uk/news/business-12258328

yeah, though they can change that to "will" rise by 4p. I expect quite a few places to go out of business because of this.

[the sicilian]

Seriously how do u get away with taxing something at 70% odd?...if they wanted that much of ur wages people would b out on the street with burning torches and pitchforks

[boldie]

Seriously how do u get away with taxing something at 70% odd?...if they wanted that much of ur wages people would b out on the street with burning torches and pitchforks

If petrol prices keep going up the way they are and businesses start closing down I am fairly sure there will be.

[redarmi]

Just seen this thread.

Started on 21st May 2008 - Litre of Petrol - £1.12.

Todays price - £1.30.

It will never stop going up....

Supply and demand?  Or a greedy govenment? (Gov earns a huge % in tax (74% I think))

My friend is in the states..47p a litre! so it's not supply and demand..

Yep - my car in the states costs me $35 to fill if I am right at the bottom of E.  Here it cost me nearly £70 the other day.  I nearly had a heart attack.