It says something that a fairly significant fuel price increase at the pumps now goes unmentioned. Prices have inched up during September and October, but yesterday another 2p per litre – 9.1p per gallon – was added on to the cost of fuel in my local area making a gallon £5.54.
In years gone by a 9p per gallon increase would have led the news headlines. Now it doesn’t even get a mention. It’s become a familiar story, when wholesale prices are about to rise the cost and the pumps goes up by that percentage. When wholesale prices fall the price at the pumps reduces only by a percentage of the drop and even then only some time later.
Given the current agitated state of parts of our society perhaps it will only be a matter of time until the hauliers start to protest as the artificially high cost of fuel due to the swingeing duty added on by the government. Another campaign to blockade the refineries could add substantially to the mood of rebellion that is growing in the country. The silent majority might just start to find its voice and dig in its heels very soon.
Autonomous Mind 
We can expect a further increase on 2 January 2011 as VAT goes up to 20%.
We should have a breakdown of all tax on all our receipts which show duty and VAT. Also on domestic fuel bills we should have section that shows how much we are paying to ‘support’ renewable energy.
Right – with all the other things, Ireland and that wedding, this might slip under the radar and has.
Yes – we can be sure the hauliers will have noticed. They won’t have missed it just because it wasn’t on the Beeb.
Personally I don’t give a stuff. I am currently running my car on a mix of olive and pomace oil on sale in twatco at £1 a litre!
As we move into the winter and the temperature drops a bit I will have to switch to a 50-50 mix inc diesel but I am determined to keep as much tax as I can in my pocket and away from the cretins in government.
Bill
Another twist in the inflationary spiral; Mervyn King will be writing yet another letter to George Osborne; eventually the standard anti-inflationary economic nostrum will be applied i.e. increased interest rates.
Peak oil, debased currencies, quantitative easing, energy & food security: time to buy gold and baked beans and retire to a remote cabin in the country with a good supply of wood.