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Go Back   Armchair General and HistoryNet >> The Best Forums in History > Current Events > Europe

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Europe Issues of modern Europe. .

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  #1  
Old 05 Apr 12, 18:54
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Germany's Rising/Constantly Changing Gas Prices

From Der Spiegel - an article about apparent shenanigans regarding the price of gasoline in Germany entitled, "Big Oil's Strategy For Jacking Up Gas Prices - Confusion at the Pumps"


http://www.spiegel.de/international/...825750,00.html
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  #2  
Old 05 Apr 12, 19:17
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No confusion about it. Just damn high prices.

1 liter of Super 98 Octane cost 1.72 Euro. You need 3.7 liter to have a gallon. The exchange rate is 1Euro = $1.32. Anybody want to do the math?

Did I hear a week or two ago that people were bitchin about it going up to $5. God, give me $5 gasoline.

Answer to the math quiz is $8.40
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  #3  
Old 06 Apr 12, 19:58
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Hi John

Well it could be worse and your in the UK where a (Imperial) Gallon will set you back $9.99 (6.30), based on 4.5ltrs at $2.22 (1.40), now you will need a

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  #4  
Old 06 Apr 12, 20:04
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Quote:
Originally Posted by Andy H View Post
Hi John

Well it could be worse and your in the UK where a (Imperial) Gallon will set you back $9.99 (6.30), based on 4.5ltrs at $2.22 (1.40), now you will need a

Regards
Well Andy, at 3.7 for a US gallon or your 4.5 it would seem we are talking about pennies differences. Regardless, my Yankee countrymen have little to complain about with their cheap gasoline.
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  #5  
Old 07 Apr 12, 06:54
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Quote:
Originally Posted by Half Pint John View Post
Well Andy, at 3.7 for a US gallon or your 4.5 it would seem we are talking about pennies differences. Regardless, my Yankee countrymen have little to complain about with their cheap gasoline.
$5 a gallon? Yes pleeeassseeee!!
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Old 07 Apr 12, 06:59
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Quote:
Originally Posted by copenhagen View Post
$5 a gallon? Yes pleeeassseeee!!
Indeed, it would seem like Christmas every time I went for some gasoline. Heck, I could fill up again without getting a loan first.
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  #7  
Old 07 Apr 12, 07:06
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Quote:
Originally Posted by Half Pint John View Post
Indeed, it would seem like Christmas every time I went for some gasoline. Heck, I could fill up again without getting a loan first.
It's now 70 quid to fill up my tank....
This may well really be Camerons achilles hee as it effects everyone especailly through transportation costs of goods. Theres not much he can do about oil prices but most of this is tax and he can do something about that...
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Old 07 Apr 12, 08:24
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Costs me 95 o fill it up but I never have more than half a tank anymore.

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Old 07 Apr 12, 18:50
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Quote:
Theres not much he can do about oil prices but most of this is tax and he can do something about that...
If he reduces petrol taxes he has to:

a: put up other taxes to compensate, or

b: cut spending further when the largest spending cuts we have had in modern times are already being implemented, or

c: borrow more money in a climate where European countries are having tremendous difficulties selling government bonds and ratings agencies have warned Britain has no remaining leeway in its efforts to reduce debt.

In other words there isn't much he can do about the tax on fuel. The government needs every penny it can get its hands on at the moment.
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Old 07 Apr 12, 19:28
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Quote:
Originally Posted by Hop View Post
If he reduces petrol taxes he has to:

a: put up other taxes to compensate, or

b: cut spending further when the largest spending cuts we have had in modern times are already being implemented, or

c: borrow more money in a climate where European countries are having tremendous difficulties selling government bonds and ratings agencies have warned Britain has no remaining leeway in its efforts to reduce debt.

In other words there isn't much he can do about the tax on fuel. The government needs every penny it can get its hands on at the moment.
I disagree and you know my views on dealing with the defecit. The rising price of fuel means they are taking in more tax than they otherwise would have had. The cumulative effect of high fuel prices is increasing prices for everyone else so VAT intake will be increasing aswell. However there is a point where prices being too high will cut peoples spending lowering the tax take (see the laffer curve) while their popularity will fall because of it. ie Too higher fuel prices will ultimately effect the economy via lack of spending and inflation. a) They can afford to lose some tax income they wouldn't necesarily have got and b) They need to be seen to take off some pressure or suffer the electoral consequeces. At the very least the 3p rise in the summer should be stopped...
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Old 07 Apr 12, 20:04
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Quote:
Originally Posted by Hop View Post
In other words there isn't much he can do about the tax on fuel. The government needs every penny it can get its hands on at the moment.
Osborne could stop/delay the cuts to Corporation tax to pay for a freeze in the fuel duty.

Higher fuel costs = higher inflation = bigger increases in pensions and benefits rates = more government spending = more tax needed = higher fuel duties
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Old 07 Apr 12, 20:34
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Quote:
Originally Posted by copenhagen View Post
$5 a gallon? Yes pleeeassseeee!!
Quote:
Andy H

Well it could be worse and your in the UK where a (Imperial) Gallon will set you back $9.99 (6.30), based on 4.5ltrs at $2.22 (1.40), now you will need a

Regards
Quote:
God, give me $5 gasoline.

Answer to the math quiz is $8.40
I paid $3.65 (U.S.$) at the pump early this week.
Well, it's nice to finally get some pleasure for shelling out so much cash on Gasoline.


But how many of you rely on autos and fuel prices to live well?
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Old 08 Apr 12, 06:51
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Originally Posted by Cicero View Post
I paid $3.65 (U.S.$) at the pump early this week.
Well, it's nice to finally get some pleasure for shelling out so much cash on Gasoline.


But how many of you rely on autos and fuel prices to live well?
3.65. LOL Yes please.
For some it is is a 50% increase in petrol bills over the last 18 months. Thats a lot for some in terms of disposable income. But a 50% increase in transportation costs for businesses and hauliers is definitley a problem. Hauliers have been going under...
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Old 08 Apr 12, 07:34
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$3.65!!!!!!!!!!!!!!!! Merry Christmas, Happy Birthday, Happy Halloween and all those other nice days we get gifts. Yesterday it was 1.75 Euro per liter here. Half of that price is taxes of one sort or another.

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Old 08 Apr 12, 07:56
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I believe that Osborne does have wiggle room concerning the Tax on fuel, and that a small cut will give people a positive psychological nudge.

Though on the whole I tend to agree with Hop concerning cold hard facts n figures, economics are also tightly meshed in the less easily measured psychology of the consumer. The Government needs to reassure the popn all the time that this pain is bringing positive longterm benefits and results. At present I feel that whatever message they have is being lost in non stories-such as the pasty debacle. The increase in personnel allowances was lost amongst a pension debate etc.

Though Labour aren't gaining ground or trust on the whole, there running good interference that is negating the Coalitions

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