Cost of Fuel

Over here in the U.K. we have just been hit with another rise in fuel tax, it now stands at 58.19 pence per litre ($0.91)
or £2.24 per U.S. gallon ($3.54). I might have to stay at home more. Because 5.000 miles per year at an average of about 13 mpg U.S.= £861.54 ($1364.50), Just on the tax now, add the cost of the fuel and retailer cost it adds up to a £4.54 per U.S.gallon ($7.19)x 5000 miles =£2271.50 ($3597.56).
But looking on the side I have a full tank of Diesel for this weekends trip, so the extra tax will not hit me until Sunday evening. But I am staying behind a Public House this weekend I will have to cry into my
Sean

Ouch!! I guess we should not complain over here. Right now I am paying $2.79 per gallon

Sean wrote:But I am staying behind a Public House this weekend I will have to cry into my
Sean

Not sure on income tax in the UK (if any) but could you deduct the tax paid from your income come tax time?

Have a good weekend!

Not sure on income tax in the UK (if any) but could you deduct the tax paid from your income come tax time?

Have a good weekend![/quote]
I have to pay 22% tax on all income over £5000.00 ($7900.00) +11% national insurance then to top it all 17.5%Vat so you could say we are taxed to the hilt. And if you have over a preset amount of money when you die you get taxed at 40% on every thing over the preset amount. More BEER so I can cry into it.
Sean

kwf904 wrote:Ouch!! I guess we should not complain over here. Right now I am paying $2.79 per gallon

Jim,

When I passed the local Hess station in Derry yesterday afternoon the price was $2.749. When I pulled in to fuel up after church this morning it was $2.819. $.07 per/gallon rise in less than 12 hours ..... go figure!



Still, this station is the cheapest around right now. Probably because it's located in the middle of town and nowhere near I-93.

Here in madera Ca. the lowest i've seen it is $3.07 but in fresno 15 miles way i saw it friday was $3.65 in the middle of town

It has been in the $2.70's range down here for the last couple of months. It seems to stay at a price point between regular and medium grade gasoline.

Sean, WOW. Sorry!! I'll send you some beer for your tears!!

Diesel is $3.079 per gallon here in the far north of Calif. I have seen gasoline at $2.90 for regular.

schrowang wrote:

kwf904 wrote:Ouch!! I guess we should not complain over here. Right now I am paying $2.79 per gallon

Jim,

When I passed the local Hess station in Derry yesterday afternoon the price was $2.749. When I pulled in to fuel up after church this morning it was $2.819. $.07 per/gallon rise in less than 12 hours ..... go figure!



Still, this station is the cheapest around right now. Probably because it's located in the middle of town and nowhere near I-93.

OK .... would you believe an additional $.06 per/gal this AM. That's $.13 per/gal in two days

3.95 here in Mid Ga. 2.65 reg. It keeps creeping up.

It's going to keep getting worse as the temps get colder. Diesel prices are tied into heating oil prices.

TC

Not long ago I did a little research on exactly what a 48 gallon barrel of light sweet crude produces. If I remember correctly only 8 gallons of that barrel is refined down to #2 fuel oil. When I think of all the competition for that 8 gallons (commercial diesel trucks, ships, diesel locomotives, JET-A and finally us private owners) I don't wonder anymore that the price is so high. I'm just glad it's not higher. The high demand and low supplies keep the price high.

I just wish they'd change the ratio a little and brew more #2 and less gasoline.

Just wishful thinking I guess.

I just topped off the truck, for a trip, and diesel is now $3.199 per gallon. Gasoline is $3.079 per gallon.

Diesel is $2.89 here in Southeastern Va.
Diesel in SE Pa. last week $3.10 to $3.39
Reg gas n both places was about $2.69 average

Frank wrote:Diesel is $2.89 here in Southeastern Va.

Frank,

On our way north on I-81 we always stop at the FJ just north of Winchester. I guess Virginia has to have one of the lowest fuel taxes in the nation. NC was always about $.07 higher than VA and WV, MA, PA, NY, CT and MA are out of sight. The only comparable price I could find along the way was NJ which was just $.02 higher than VA.

Go figger .....