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Why gas at pump is so high?!!


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#1 espresso

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Posted 14 January 2010 - 07:26 AM

Can someone explain me why the price of gasoline at pump has been always ahead of the real price at least here in UK?
Even if I adjust it for pound, as you can see in this chart, there is way to go to 2008 highs, whilst today at the pump is just 4 pences shy of it!
Is it inflation?

http://stockcharts.com/h-sc/ui?s=$GAS...id=p07669410304
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#2 spielchekr

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Posted 14 January 2010 - 08:29 AM

Do you guys have built-in taxes on the east side of the pond? :lol: Here's the U.S. state-by-state breakdown:

http://www.api.org/s...mmary_pages.pdf

#3 pisces

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Posted 14 January 2010 - 08:51 AM

Can someone explain me why the price of gasoline at pump has been always ahead of the real price at least here in UK?
Even if I adjust it for pound, as you can see in this chart, there is way to go to 2008 highs, whilst today at the pump is just 4 pences shy of it!
Is it inflation?

http://stockcharts.com/h-sc/ui?s=$GAS...id=p07669410304


Hi,here in the US you add 60 cents to the futures price of unleaded,and you get the pump price.[taxes, transport, retail profit ,etc ,i guess]

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#4 porsche911sg

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Posted 14 January 2010 - 10:16 AM

Can someone explain me why the price of gasoline at pump has been always ahead of the real price at least here in UK?
Even if I adjust it for pound, as you can see in this chart, there is way to go to 2008 highs, whilst today at the pump is just 4 pences shy of it!
Is it inflation?

http://stockcharts.com/h-sc/ui?s=$GAS...id=p07669410304


Divide gas price by two to get untaxed price halve it again and that the profit.

the actual price is not more than a quarter of the retail price.. so the real price does not affect you.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!

#5 espresso

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Posted 14 January 2010 - 10:24 AM

You're right guys is a Mr Brown tax thing and it's so obscure that you can't find good data online!
Here's a good chart until 2007...
http://www.petrolpri...m/fuel-tax.html
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#6 porsche911sg

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Posted 14 January 2010 - 10:45 AM

You're right guys is a Mr Brown tax thing and it's so obscure that you can't find good data online!
Here's a good chart until 2007...
http://www.petrolpri...m/fuel-tax.html

The fuel bills travelling around UK were sobering... what a shocker... A spent a two weeks in UK and was swearing about the fuel bills... spend a hundred and fifty pounds a day on petrol sight seeing OUCH!!!
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!

#7 espresso

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Posted 14 January 2010 - 10:58 AM

You're right guys is a Mr Brown tax thing and it's so obscure that you can't find good data online!
Here's a good chart until 2007...
http://www.petrolpri...m/fuel-tax.html

The fuel bills travelling around UK were sobering... what a shocker... A spent a two weeks in UK and was swearing about the fuel bills... spend a hundred and fifty pounds a day on petrol sight seeing OUCH!!!


Ah... you can understand us then! The awful thing is that public transportation are a shame as well, probably double the cost then Italy with barely comparable service!
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#8 porsche911sg

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Posted 14 January 2010 - 11:11 AM

You're right guys is a Mr Brown tax thing and it's so obscure that you can't find good data online!
Here's a good chart until 2007...
http://www.petrolpri...m/fuel-tax.html

The fuel bills travelling around UK were sobering... what a shocker... A spent a two weeks in UK and was swearing about the fuel bills... spend a hundred and fifty pounds a day on petrol sight seeing OUCH!!!


Ah... you can understand us then! The awful thing is that public transportation are a shame as well, probably double the cost then Italy with barely comparable service!

Its more than double... AND than the train service is fully pack... I doubt I'll return to Uk for a holiday destination. It's going to wreck havoc on your wallet... EVEN the food is EXPENSIVE!!!

It cost me less money to ship my car and have it insured than to drive my car to UK than to drive my car around UK. The petrol bill In UK is double off what I pay in Singapore. And Singapore is already more than doubled of Malaysia.

I can understand I thik a normal person needs an almost 35,000 pound yearly income to have a decent living on the Cheap in UK!!
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!

#9 espresso

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Posted 14 January 2010 - 11:28 AM

My mistake sorry, the cost of public transport in UK is probable triple then Italy! :(
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#10 SemiBizz

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Posted 14 January 2010 - 11:32 AM

Pretty obvious that the only power the central bankers have is under inflation conditions... If they have to pump up the price of oil to accomplish that, they are not above it IMO... I believe the Feds are buying those contracts through their broker/dealer networks.
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