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RE: Petrol Prices when will it stop
I paid £1.149 for petrol last night, was quite chuffed.
I believe the petrol tax on petrol is 54.9p atm, and you pay VAT at 17.5% on the actual petrol itself.
On the other hand, we are only looking at at 30% increase over the past two years because of it. I believe in parts of the states it's gone up 50%-100%.
Of course, the prices of a barrel of oil is skyrocketing at the moment. I remember around this time last year people were making fun of a trader on the stock market for buying a it at $100/barrel. It's approaching $140/barrel now.
This post was edited on 06-15-2008 at 12:59 PM by andrewdodd13.
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