Member Since: 02 Nov 2016
Location: Surrey
Posts: 1026
Has the cost of running a Discovery altered after the budget
I had a quick look through the bullet points from yesterdays budget and I think that there is no increase in associated motoring taxes due anytime soon. Fuel duty frozen yet again.
30th Oct 2018 8:04 am
SJT
Member Since: 26 Jun 2017
Location: somerset
Posts: 36
Nope. Still extremely expensive....... Current - 2016 Commercial SE
Gone - 2014 Commercial XS
Gone - 2015 SE Tech
Gone - 2000 Td5
Gone - 1990 V8 3 door - What a machine!
30th Oct 2018 9:17 am
Littlewill
Member Since: 14 Sep 2015
Location: Lincolnshire
Posts: 484
Fuel duty freezing again is a positive though
30th Oct 2018 9:26 am
DSL Keeper of the wheelie bin
Member Since: 11 May 2006
Location: Off again! :-)
Posts: 72775
Re fuel prices, presently not far off the peak £/ltr when oil was up at $120/barrel (ISTR), except crude is roughly at $77. God help us if crude goes back up to that level. We’re no longer getting screwed by the taxman, we’re getting right royally shafted by the oil companies again.
30th Oct 2018 9:42 am
Pete K
Member Since: 15 Jan 2016
Location: GL
Posts: 10360
Did tax go up £5-10 like it usually does ?
30th Oct 2018 1:13 pm
Grandadrob
Member Since: 21 Dec 2017
Location: Leominster
Posts: 279
Think it went up £151955 SWB Series 1 86 inch
1960 SWB Series 2 88 inch
2009 Discovery 3 HSE Bournville Pearl
30th Oct 2018 7:53 pm
Pete K
Member Since: 15 Jan 2016
Location: GL
Posts: 10360
That's inflation for you
30th Oct 2018 8:45 pm
Grandadrob
Member Since: 21 Dec 2017
Location: Leominster
Posts: 279
Really scarey reading DSL's figures of actual oil prices vs pump prices. That doesn't bode well for the future price of fuel. Can you get equity release on a D3 ?1955 SWB Series 1 86 inch
1960 SWB Series 2 88 inch
2009 Discovery 3 HSE Bournville Pearl
Just get on with it Home of RLD Hidden winch mounts Spare wheel Locks Trailer Body Fabrication ray@rld-tech.co.uk D3/4 sump plates MY 14 sump plates and the Discovery Sport wheel protectors Discovery 5 wheel locks
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30th Oct 2018 9:54 pm
astonbuilder
Member Since: 29 Sep 2006
Location: MIDLANDS
Posts: 8051
rising sales of electric vehicles = falling demand for oil (for fuel at least)? Prices can only go one way....
31st Oct 2018 7:53 am
kajtzu
Member Since: 11 Aug 2017
Location: Helsinki
Posts: 6566
I don’t claim to be an oil trader or expert on the market but I don’t think there is evidence of significant drop in consumption of oil products. Most people are pumping what they can and have increased it lately - both OPEC and non-OPEC like Russia. Additionally there are countries that could produce more in ideal circumstances but are unable to like Iran, Iraq, Venezuela, ...
Additionally a significant rise in oil price will make it economically feasible to produce more oil in places where the production cost currently is higher than the price per barrel.
31st Oct 2018 10:57 am
Canburne
Member Since: 15 Jan 2013
Location: Devon
Posts: 2029
While WTI and Brent have fallen from their 52 week highs they’re nowhere near the 52 week low, either. The price per unit of both is significantly less than what they were in 2014.
As for how the price of a commodity translates to the price a consumer pays ... it really doesn’t directly do that. All the players in the oil business protect themselves with hedges both on the buy and sell side.
31st Oct 2018 3:13 pm
Canburne
Member Since: 15 Jan 2013
Location: Devon
Posts: 2029
Nowhere in the article does it say that crude price directly relates to the diesel pump price. However if the crude price is falling, and is nearly half of what it was in 2014, then it is entirely unreasonable that the pump rise should be rising to near record levels again. Fears of trade wars, physical wars or unrest, which would always drive the crude oil prices up BUT that is not the case here they are still low..
"the inherent vice of capitalism is the unequal sharing of blessings....the inherent vice of socialism is the equal sharing of miseries" Winston Churchill
2016 D4 Landmark Club Waitomo ...or is it Club Tempest????
2015 D4 HSE Aintree Green
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