|
|
Joined: Mar 2001
Posts: 7,431
Hard-core CEG'er
|
Hard-core CEG'er
Joined: Mar 2001
Posts: 7,431 |
Several friends of mine went to London last year and they told me that due to the GBP to USD rate, everything there costs about twice as much as it would here, not just gas prices. 
|
|
|
|
|
Joined: Aug 2000
Posts: 3,193
Hard-core CEG\'er
|
Hard-core CEG\'er
Joined: Aug 2000
Posts: 3,193 |
Originally posted by Y2KMondeoSVT:
Originally posted by Y2KMondeoSVT:
Is anything subsidized by G(reat)B(ritains)'s fuel costs ?
I'll ask it again ...
It's tax... so whatever their taxes pay for...
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
|
|
|
|
|
Joined: May 2000
Posts: 2,838
Hard-core CEG\'er
|
|
Hard-core CEG\'er
Joined: May 2000
Posts: 2,838 |
We have taxes on our fuel too , but I'm thinking about something pretty "important" . Isn't their national healthcare funded (or partly-funded) by fuel taxes  ???
~~~~~~~ Phil 
Black & Tan 2000 SVT Contour #2137 of 2150
35,000 miles & counting !
|
|
|
|
|
Joined: Aug 2000
Posts: 3,193
Hard-core CEG\'er
|
|
Hard-core CEG\'er
Joined: Aug 2000
Posts: 3,193 |
Originally posted by ODC:
There isn't adequate supply either. China is a nation of 1.3bn people that are starting to come out of the dark ages. The middle class is growing and even if a quarter of that 1.3bn decide to drive, that's double the US's thirst for oil.
There is no way we have enough supply to last us the next hundred years at double the consumption rate of oil, no way. There just isn't enough oil down there to do so.
Those are long term concerns. They should have no impact on short term oil prices.
For the term of the contracts, there is enough oil being produced to take care of demand. Therefore, there is adequate supply.
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
|
|
|
|
|
Joined: Apr 2003
Posts: 3,045
Hard-core CEG\'er
|
|
Hard-core CEG\'er
Joined: Apr 2003
Posts: 3,045 |
Originally posted by Y2KMondeoSVT:
We have taxes on our fuel too , but I'm thinking about something pretty "important" . Isn't their national healthcare funded (or partly-funded) by fuel taxes ???
that is what i heard on the talk radio shows i listen too but i have no proof.
00 black/tan svt, #2052 of 2150, born 2/1/00
formerly known as my csvt
"Nothing in the world is more dangerous than a sincere ignorance and conscientious stupidity." -Martin Luther King, Jr.
|
|
|
|
|
Joined: Feb 2001
Posts: 750
Veteran CEG\'er
|
|
Veteran CEG\'er
Joined: Feb 2001
Posts: 750 |
Originally posted by Y2KMondeoSVT:
We have taxes on our fuel too , but I'm thinking about something pretty "important" . Isn't their national healthcare funded (or partly-funded) by fuel taxes ???
No, not really. The difference is that in Europe generally (don't know exactly about the UK) fuel taxes cover ALL the road construction/maintenance costs for public roads plus much of public transport subsidies plus they are a source of gov't income.
In the US the gas tax pays only for a portion of the road system maintenance, the rest comes straight from federal/state/local budget.
Don't quote me on the numbers, but IIRC in the US the tax content in consumer fuel prices used to be around 20-30% and in EU it was in the range of 60-80% (or even more).
I don't know how is it recently - I remember reading that in most EU countries the gov't actually lowered the fuel tax (percentage wise) in the past months to cushion the economy from the shock, and the gas prices didn't increase as sharply over there as they did in the US. The devaluation of the $ compared to the euro also made oil relatively cheaper (read caused less sharp rise) across the pond.
T.
|
|
|
|
|
Joined: Sep 2002
Posts: 3,944
Hard-core CEG'er
|
|
Hard-core CEG'er
Joined: Sep 2002
Posts: 3,944 |
Originally posted by Zoom Zoom Diva:
Originally posted by ODC:
Simple fact, supply is steady, demand is increasing drastically.
Yet there is adequate supply to meet demand, so there is no reason for the price to go up. It is not needed to encourage additional production.
But right now, there isn't! I know that here in the state of Mississippi, we did not have a single gas truck make a single run from one of the many refineries here in the SE to a substation until around 1pm. Up until then, none of them could bring any products to the substations and hince the service stations. And yes, because of the mad dash everyone made and all the stupid rumors, some service stations ran out of gas.
I am not very familiar with the logistics of all these refineries, but I'm sure that if most of the countries refineries are located somewhere in the SE and it had a small impact on us, I can understand how it would have an impact on everyone else too.
Originally posted by Zoom Zoom Diva:
Steve Forbes believes the price is horribly over-inflated, and foresees the bubble to burst... to half price in the next 12 months.
I believe him because I think this will be the straw that breaks the camals back. Or country for that matter. I heard last night, on the Oreilly Factor, that it cost OPEC $4 dollars a barrel for crude. And since oil futures closed just above $69 a barrel, someone is gouging prices!!
Yet we see this article pop up today...
http://www.channelnewsasia.com/stories/afp_world_business/view/165964/1/.html - "OPEC said Wednesday it would do its utmost to ensure the stability of the global oil market in the wake of Hurricane Katrina and would discuss the means at its summit in Vienna on September 19-20."
Then, we see reports like this...
http://futures.fxstreet.com/Futures/news/afx/singleNew.asp?menu=latestnews&pv_noticia=1125557393-e04f0f08-10815 - "Oil prices fell further in Asian trading hours following the US government's decision to open its emergency oil reserves to compensate for the disruption to US Gulf Coast refinery operations caused by Hurricane Katrina"
http://futures.fxstreet.com/Futures/news/afx/singleNew.asp?menu=latestnews&pv_noticia=MTFH29053_2005-09-01_07-52-47_SP120493 - "Oil prices clawed back above $69 on Thursday as worries over the loss of Gulf of Mexico refining output after Hurricane Katrina outweighed the comfort to refiners of a U.S. government crude loan."
These two articles were released roughly an hour apart!!
Phillip Jackson
`98 Mystique LS
262K+ and counting...
ATX rebuilt @ 151K
"This storm has broken me, my only friend!" RIP Dime
|
|
|
|
|
Joined: Nov 2004
Posts: 1,516
Hard-core CEG\'er
|
|
Hard-core CEG\'er
Joined: Nov 2004
Posts: 1,516 |
Originally posted by ScottK:
Gouging in Georgia
Good
I think the collective IQ of this state is around 60. There are reports saying "there are worries about a gas scare," so what do people do. They go buy all the gas and create a gas scare. Every gas station in this damn state had lines wrapped around it last night out onto the street untill they ran out of gas, then everyone ran around the corner to another station. This was happening everwhere, and around here I would guess there are at least 3 gas stations every half mile on any somewhat busy road.
Some gas station owners got fed up with the stupidity and raised their remaining gas to a rediculous price to get the idiots to shut up and go home. I hope I am able to get gas after work today, becuase my tank is on E, but with all the morons running around buying up all the gas I am not entirely sure that will happen
I guess the report that the state of GA is tied for last in average SAT score was not enough to make us all look like dumbasses yesterday 
Cameron
98 Black CSVT #2958
|
|
|
|
|
Joined: May 2000
Posts: 9,196
Hard-core CEG'er
|
|
Hard-core CEG'er
Joined: May 2000
Posts: 9,196 |
Originally posted by SVTatGT:
Originally posted by ScottK:
Gouging in Georgia
Good
I think the collective IQ of this state is around 60. There are reports saying "there are worries about a gas scare," so what do people do. They go buy all the gas and create a gas scare. Every gas station in this damn state had lines wrapped around it last night out onto the street untill they ran out of gas, then everyone ran around the corner to another station. This was happening everwhere, and around here I would guess there are at least 3 gas stations every half mile on any somewhat busy road.
Some gas station owners got fed up with the stupidity and raised their remaining gas to a rediculous price to get the idiots to shut up and go home. I hope I am able to get gas after work today, becuase my tank is on E, but with all the morons running around buying up all the gas I am not entirely sure that will happen
I guess the report that the state of GA is tied for last in average SAT score was not enough to make us all look like dumbasses yesterday
I hope thats a photoshop because that is major gouging  Not to go off on a rant here, but think about who you vote for next time and heres why. The "hippies" and "enviromental wackos", all Dems, complain about the need to get away from foreign energy, but when we try to tap our own oil up near Alaska they're worried about some ecosystem up there that will damage the enviroment if we drill. Speaking of the enviromnet, our gas here in SE MI is "formulated" to burn cleaner during the summer monthes, thus making the gas cost more. This theory of "the sky is falling" by them has screwed us long enough, shut the hell up, think before you speak or better yet, clean out your offices and get the hell out
"THEE" Roger R
USMondeo@aol.com
2005 Crossfire Limited coupe'
-FOR SALE @buyout price & I'll...
-throw in my 93' Regal as winter car
*Dragon Run 06'...Oct 12-15th*
Puur-fection Auto Detailing
Complete packages from $140.00
|
|
|
|
|
Joined: Nov 2004
Posts: 1,516
Hard-core CEG\'er
|
|
Hard-core CEG\'er
Joined: Nov 2004
Posts: 1,516 |
I saw prices that high yesterday
And the EPA has temporarily dropped the polution controll restrictions on gasoline in all 50 states until we can get back to normal.
Cameron
98 Black CSVT #2958
|
|
|
|
|
