Morrison’s in York then followed by Asda and Sainsbury’s dropped the price of petrol from £1.16p to £1.02p yesterday, but today Tesco and the other petrol stations are still charging £1.16 to £1.22.
They also dropped the price of diesel by 14p.
Any where else dropped the price?
weeto:
Morrison’s in York then followed by Asda and Sainsbury’s dropped the price of petrol from £1.16p to £1.02p yesterday, but today Tesco and the other petrol stations are still charging £1.16 to £1.22.
They also dropped the price of diesel by 14p.
Any where else dropped the price?
That’s a big drop in price. I went other day to asda was 1…15 or so
Asda near us is at 1.08
Sent from my CLT-L29 using Tapatalk
This thread of mine - is still live…
I’ll just point out on this page that the price of unleaded appears to have bottomed out around the 50c per US gallon mark, with unleaded around DOUBLE that at a full dollar.
There are clickable charts on my thread, so you can follow the price of Ultra-Low-Sulphur-Diesel (ULSD) and RBOB Gasoline (Reformulated Blendstock for Oxygenate Blending)
Any firm with any sense - would have held off putting their next bulk fuel bunker order in for at least the past week - and wait for what amounted to an inevitable sharp drop in the price, only getting through to the forecourts as of now it seems, just a full fortnight late. 
Why pay more today - what can be purchased at a lower price next week?
Therein lie the foundations of a “Deflationary Economy” to come.
Shell at Membury Eastbound, diesel £1.43,9 petrol £1.40,9 
And still, people will buy it here…
the nodding donkey:
Shell at Membury Eastbound, diesel £1.43,9 petrol £1.40,9And still, people will buy it here…
People buy it from there - because they’re claiming it for tax.
Such people are worse than Benefit scroungers as far as I’m concerned, 'cos at least with Benefit Scroungers - they get capped @ £520pw of freebies these days…
“Tax Offsetting” though? - There’s NO LIMIT!
Petrol 143.9? - The Taxpayer will pick up that bill to fill up my 4x4 Porsche… No worries…
Well, at least they seem to be the first people to jump at the chance to self-isolate, able to make a private income out of “tax claims” and all.
Gets 'em off the street at least…
Winseer:
the nodding donkey:
Shell at Membury Eastbound, diesel £1.43,9 petrol £1.40,9And still, people will buy it here…
People buy it from there - because they’re claiming it for tax.
Such people are worse than Benefit scroungers as far as I’m concerned, 'cos at least with Benefit Scroungers - they get capped @ £520pw of freebies these days…
“Tax Offsetting” though? - There’s NO LIMIT!
Petrol 143.9? - The Taxpayer will pick up that bill to fill up my 4x4 Porsche… No worries…
Well, at least they seem to be the first people to jump at the chance to self-isolate, able to make a private income out of “tax claims” and all.
Gets 'em off the street at least…
Spot on there.
I used work for a firm.who repaired manufactured roller shutter doors…
And the owner openly admitted if he got an.order from.large supermarkets big company’s he could double his price what hed charge for small company.
As there huge don’t care about price. As to many chiefs to even really sit down ring round get quotes just all goes to head office.
Winseer:
the nodding donkey:
Shell at Membury Eastbound, diesel £1.43,9 petrol £1.40,9And still, people will buy it here…
People buy it from there - because they’re claiming it for tax.
Now, I am no tax guru, but I would love for someone to explain to me how ‘they’ can claim it for tax.
I can see that as a business expense it goes on the expenditure side of the balance sheet, and therefore it reduces the profit (if any) that the business makes, but if they bought cheaper fuel, they would make more profit and pay more tax on that, but they would still be ahead of the game.
I would say that the people who pay over the odds either just don’t care, or possibly they fill up there because their employer has an account/card that offers some other advantage.
Winseer:
the nodding donkey:
Shell at Membury Eastbound, diesel £1.43,9 petrol £1.40,9And still, people will buy it here…
People buy it from there - because they’re claiming it for tax.
Anyone buying it with a fuel card will be paying the bunker price, not the pump price. I often filled my truck up at Medway services, the price was the same as filling it up anywhere else with whichever fuel card I was using that week.
Santa:
Winseer:
the nodding donkey:
Shell at Membury Eastbound, diesel £1.43,9 petrol £1.40,9And still, people will buy it here…
People buy it from there - because they’re claiming it for tax.
Now, I am no tax guru, but I would love for someone to explain to me how ‘they’ can claim it for tax.
I can see that as a business expense it goes on the expenditure side of the balance sheet, and therefore it reduces the profit (if any) that the business makes, but if they bought cheaper fuel, they would make more profit and pay more tax on that, but they would still be ahead of the game.
I would say that the people who pay over the odds either just don’t care, or possibly they fill up there because their employer has an account/card that offers some other advantage.
I run a small business and people say that to me all the time…‘It’s ok, you can claim it back from the taxman’. As Santa says it really doesn’t work like that, the general masses seem to think that the taxman actually pays the bill.
I’m quids in here in south Lincs. Local station put unleaded down yesterday from 122.9 to 121.9! Naturally I shot in there and filled up.
Bernard
Santa:
Winseer:
the nodding donkey:
Shell at Membury Eastbound, diesel £1.43,9 petrol £1.40,9And still, people will buy it here…
People buy it from there - because they’re claiming it for tax.
Now, I am no tax guru, but I would love for someone to explain to me how ‘they’ can claim it for tax.
I can see that as a business expense it goes on the expenditure side of the balance sheet, and therefore it reduces the profit (if any) that the business makes, but if they bought cheaper fuel, they would make more profit and pay more tax on that, but they would still be ahead of the game.
I would say that the people who pay over the odds either just don’t care, or possibly they fill up there because their employer has an account/card that offers some other advantage.
Let’s say if you habitually filled up at the cheapest forecourts, your business would make a gross profit of say, £80,000 and if it fills up @ top dollar forecourts - it’s profit would only now be say, £60,000.
The fuel expenses are then deductable in FULL from that already reduced £60,000 profit, thus one effectively gets to offset it TWICE.
“Creative Accounting” at it’s best. All that is required is a profit - ANY profit - to offset the first amount from, and a remaining profit to offset the SECOND amount from.
If by making any tax offset - the profit is completely wiped out, then there would be no point in going out of one’s way in acting thus.
SO… The firms that are prospering, making a regular profit, and already coining it in for the self-employed “Directors” they are - do rather nicely on top by claiming tax expenses that they can claim - but we actual transport workers cannot. Travel Expenses - not claimable by Transport workers. It beggars belief, really…
If their tax bill without these offsets would be say, £32,000 higher - then effectively that person has deprived the excheqeur of £32,000 rather than the benefit scounger’s now capped maximum of what? £23,000? - and that for the whole household at that? Tax Offsetters - can do this per person however. All they require - is IR35 status isn’t it? That these freaks can also claim tax credits when falling upon hard times, and are supposedly going to be bailed out by the government ahead of actual PAYE employed (or rather “formerlly Employed”) full time staff… THAT beggars believe as well, of course…
The attempt over recent years of agencies to make travel and food expensese deductable for tax for their agency staff - was stamped on, and stopped of course. Mr and Mrs TankSUVowner - still get to claim their full pounds of flesh from those like me that have to pay their PAYE taxes in full each week, no offset deductions for US, the actual mobile workforce! 
If Labour can one day reform the tax system so that richer people actually pay more percengages of tax in all circumstances than lower earners - they could yet win my vote.
I feel very left-wing indeed with regards to this, actually…
Blair - didn’t appeal of course - because he promised to protect those workers that were already prospering, and quite well-off from things like their privatization shares, final salary pension funds - promising to “Leave them alone” for tax… Corbyn? - Didn’t promise the worker ANYTHING other than “We’ll ask you to pay a little more”… meaning that the PAYE low to middle earner will be paying “more” whilst wealthier people end up offsetting for tax and paying less despite grossing far more income…
There are two kinds of profit you can make:
The profit that comes from buying something at a low price and selling it on for a higher price…
The profit that comes from reducing a loss or expense - and pocketing the difference.
In a deflationary economy like we live in now - it has never been easier for firms to offset things for tax - and therefore high time the tax system were PROPERLY reformed so that all higher earners pay full taxes again… If not? - We’ll end up with a formerly upper working class reduced to little more than slaves in true “Road to Serfdom” style.
The Lowest earners - qualify for benefits, and pay little or no tax as it is.
The highest earners - have sufficient profits to claim everything effectively twice over, by the two methods of creative accounting I describe above, which is offset the base profit, and then dump the company losses in someone else’s pocket on the “second pass” of the company books…
The middle group of which I am one - Are the type of people that voted for Brexit with the very best of reasons.
There IS no “Brexit Downside” to us. This “Fear of damage to the economy” so touted by the Remainers as their reason for “better the devil you know” in their voting action - has now come to pass for an entirely different, and even more severe reason of Covid-19 being allowed, nay encouraged to trash our economy in place of Brexit, which would likely have done no such thing by itself. Trash the EU - Yes. As a Brexiteer - I could have lived with that. Why Boris Johnson is now delivering the Remainer’s worst fears in spades - also now beggars belief, of course…
BP Clacket lane West Bound.
£154.9
Clearly my accountant needs to speak to Winseer as that is not how it works for me.
AFAIK that means that it is a business expense that I will not pay Corporation Tax on as it reduces the profit I make
steelgoon:
Clearly my accountant needs to speak to Winseer as that is not how it works for me.AFAIK that means that it is a business expense that I will not pay Corporation Tax on as it reduces the profit I make
Are you only claiming for a works vehicle like a van - when filling up at Clacket Lane?
…The more astute claimant will claim for their personal 4x4, whilst not having it down as a “company car”. This isn’t supposed to happen, but how does one explain the sheer number “not at work types” driving their high-performance cars filling up at MSAs at their prices otherwise?
If it was your OWN money being wasted by being “too lazy to find a cheaper forecourt nearby” (FFS how hard is THAT!?) - you just wouldn’t be filling up there - not ever!
Cripes! - Look at this !! I’ve not seen Oil down here for about 30 years!
Oil is practically being given away on the WTI - IF you have a convenient tanker at hand to go visit the Houston Oil Terminal and fill your boots @ these low-low prices…
WTI Oil - you have to go get it yourself.
Brent Oil - It will be transported to wherever you want it - the cost of delivery built into the price.
That’s why Brent Crude trades at higher prices all year around, despite it still being priced in USD.
Well, there it is… It is official.
There is now such a glut of Oil in the Oklahoma/Texas pipelines - if you turn up at the Landlocked oil terminal (Cushing, Oklahoma) or Sea Terminal (Huston, Texas) - then they’ll likely fill your “Tanker” up for next to nothing now!
Down to 8 bucks per barrel - and still falling, but only for “Immediate Delivery” and on the WTI contract - which BUYER COLLECTS, mind…
Anyone who’s got a refinery and spare transportation capacity - is gonna clean up, because we won’t be ditching our cars and trucks once this whole “Crisis” lockdown has been and gone!!
Locally £1.459 for V-power - on a main road roundabout, not an MSA.
Robbery.
Winseer:
Cripes! - Look at this !! I’ve not seen Oil down here for about 30 years!Цены на нефть сегодня | Онлайн графики цен нефти Brent и WTI
Energies Futures Prices - Barchart.com
Oil is practically being given away on the WTI - IF you have a convenient tanker at hand to go visit the Houston Oil Terminal and fill your boots @ these low-low prices…
WTI Oil - you have to go get it yourself.
Brent Oil - It will be transported to wherever you want it - the cost of delivery built into the price.That’s why Brent Crude trades at higher prices all year around, despite it still being priced in USD.
They’re hiring railway tank cars for storage and putting them in sidings because there is such a glut of the stuff. GATX have never had it so good but the railroads are starting to get twitchy about it.