shaft drive math 2

Quoted message said:

yesterday, ford and chevy announced substantial sales reductions-8-10%
due to rising subsidized gas costs.
Euro gas, unsubsidized at 6-? a gallon.
Major losses will preclude chevy and ford from using revenue to
subsidize R and D for upgrading designs originally developed in the
late 1930's or early 1950's?

84p a litre in the UK, which is 3.81 GBP or about $7 per (imperial)
gallon.

Judging from the number of SUVs round here and the speed people drive,
even this price doesn't seem to be a problem...

Zog The Undeniable said:

Quoted message said:

yesterday, ford and chevy announced substantial sales reductions-8-10%
due to rising subsidized gas costs.
Euro gas, unsubsidized at 6-? a gallon.
Major losses will preclude chevy and ford from using revenue to
subsidize R and D for upgrading designs originally developed in the
late 1930's or early 1950's?

84p a litre in the UK, which is 3.81 GBP or about $7 per (imperial)
gallon.

Judging from the number of SUVs round here and the speed people drive,
even this price doesn't seem to be a problem...

Dear Zog,

To cut through the imperialistic fog and colonial confusion:

1.00 GBP = 1.82 USD

84p/liter = $1.53/liter
3.81 GBP/Imperial gallon = $6.92/Imperial gallon
3.18 GBP/U.S. gallon = $5.79/U.S. gallon

Just to clarify, am I correct in thinking that much of the
pump price difference lies in the larger UK tax?

Here in Colorado, for example, there's the federal tax of
$0.184 per U.S. gallon, plus a $0.220/gal state tax, about
forty cents U.S. per gallon:

http://www.gaspricewatch.com/usgastaxes.asp

So I'm paying about $2.20 per U.S. gallon, $1.80 plus $0.40
in state and federal tax, a rate of about 22%.

If same U.S. gallon costs you $5.79 at the pump and the base
price is about the same, then it sounds like your U.K. tax
rate is ten times as high--about 200% on $2.

I expect there are some curious financial details.

Carl Fogel

Quoted message said:

So I'm paying about $2.20 per U.S. gallon, $1.80 plus $0.40
in state and federal tax, a rate of about 22%.

If same U.S. gallon costs you $5.79 at the pump and the base
price is about the same, then it sounds like your U.K. tax
rate is ten times as high--about 200% on $2.

I expect there are some curious financial details.

http://econweb.tamu.edu/amayer/Eco323/gastax.htm

Peter Cole said:

Quoted message said:

So I'm paying about $2.20 per U.S. gallon, $1.80 plus $0.40
in state and federal tax, a rate of about 22%.

If same U.S. gallon costs you $5.79 at the pump and the base
price is about the same, then it sounds like your U.K. tax
rate is ten times as high--about 200% on $2.

I expect there are some curious financial details.

http://econweb.tamu.edu/amayer/Eco323/gastax.htm

Dear Peter,

That link does indicate that the U.K. gas tax was about
seven times the U.S. rate in an average state back in 2001,
roughly around the 10x ratio that I'm wondering about four
years later.

I have no idea, however, if the U.K. tax has changed.

Thanks,

Carl Fogel

Quoted message said:

If same U.S. gallon costs you $5.79 at the pump and the base
price is about the same, then it sounds like your U.K. tax
rate is ten times as high--about 200% on $2.

I expect there are some curious financial details.

Ultra low sulphur petrol & diesel: 47.1p/litre
Non ULS petrol: 50.19p/litre
Non ULS diesel: 53.27p/litre
Biodiesel: 27.1p/litre
LPG & compressed natural gas: 9p/kg

Then add 17.5% VAT on the whole lot.

--
Dave Larrington - <http://www.legslarry.beerdrinkers.co.uk/>
A complimentary biro(tm) is /not/ to be sniffed at.

Dave Larrington said:

Quoted message said:

If same U.S. gallon costs you $5.79 at the pump and the base
price is about the same, then it sounds like your U.K. tax
rate is ten times as high--about 200% on $2.

I expect there are some curious financial details.

Ultra low sulphur petrol & diesel: 47.1p/litre
Non ULS petrol: 50.19p/litre
Non ULS diesel: 53.27p/litre
Biodiesel: 27.1p/litre
LPG & compressed natural gas: 9p/kg

Then add 17.5% VAT on the whole lot.

Dear Dave,

Adding 17.5% VAT for 47.1p/liter non-ULS petrol gives only
55p/liter, so I expect that some other taxes are silently
added to raise the price another 25-30p to reach the
82p/liter mentioned by Zog.

In the U.S., it's common for gas pumps to discreetly avoid
mentioning any details about how much of the total price per
gallon is tax. I wouldn't be surprised if that's the case
world-wide.

Carl Fogel

come gather round ( plus and minus 3-5mm more or less )
children where ever ye roam
and ad mitt that the water's around you have grown...

been over to

http://www.smover.com/

Quoted message said:

Adding 17.5% VAT for 47.1p/liter non-ULS petrol gives only
55p/liter, so I expect that some other taxes are silently
added to raise the price another 25-30p to reach the
82p/liter mentioned by Zog.

The VAT is payable on the "cost price + duty" combo; the cost price being
about 30 p/litre. So-called "Red diesel", for marine & agricultural use, is
zero-rated for VAT and taxed at about 3 or 4 p/litre, and thus retails at
around 34 p/litre (or did the last time someone mentioned it on
uk.rec.waterways).

--
Dave Larrington - <http://www.legslarry.beerdrinkers.co.uk/>
If you are choking on an ice cube, simply pour a jug of boiling water
down your throat and presto! The blockage is almost instantly removed.

that's what i think about every weekend during the 3 hour average tune
up for the commuter bike i try riding (into a pothole this morning
sheeet)>
VAT!