Forecourt diesel prices haven't peaked yet...

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We've been through this before. It's been checked and for the purposes of duty veg oil was deemed to be bio diesel under the new rules ie the 2500 litres per annum.
 
So when do you think the forecourt prices will peak then? I've bin waiting fook knows how many years an they still don't show any signs of peaking. At least we can still get the bleedin stuff.
 
hughesy said:
I think you'l find that article was written before the rules changed.
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Jeez Hughesy you just can't help some people can you?? :D

Caterham if you want the facts on using vegoil try reading this thread,

Login it's a long thread so if you get bored easily this is the bit you need to read most. It's a reply from HMR&C, to an email I sent them asking for clarification on the use of veg oil, as a roadfuel. and includes the email I sent them.

Date 22 August 2007
Reference C9508

Dear Joseph

Biofuels Simplification

Thank you for your e-mail dated 12 August 2007 regarding the use of vegetable oil in your car and whether you have to register with H M Revenue and Customs [HMRC].

I can confirm that if you use less than 2,500 litres of Straight Vegetable Oil [SVO] [new and unused rapeseed vegetable oil, Tesco cooking oil, etc] per annum as road fuel in your diesel car, you will not have to pay any excise duty to HM Revenue & Customs.

Please find below further details regarding the changes to the bio diesel regulations for your information.

The changes brought in under the ‘Biofuels Simplification’ [Revenue and Customs Brief 43/07] whereby producers of biofuels (or other fuel substitutes) who produce (or use) less than 2,500 litres per annum, will no longer be required to make entry, render returns or pay duty, are intended to cover both those who produce or use biofuels (such as biodiesel, or bioethanol), and those who produce or use other ‘fuel substitutes’ (such as vegetable oil).

Anyone producing (or using) more than 2,500 litres per annum will have to make entry of their premises (register), render returns and pay duty.

The Simplification is intended to include in the relaxation all those who use ‘vegetable oil’ in their vehicles (as a fuel substitute). They will not have to make entry of their premises, render returns or pay duty, and will become ‘exempt’ producers. They will however remain liable to register, render returns and pay duty, when they know that their production (or use) of biofuels or other fuel substitutes (such as vegetable oil) will exceed 2,500 litres per annum.

In short for the purpose of the ‘Biofuels Simplification’ we do not differentiate between those who produce ‘Biodiesel’ meeting the fiscal definition in HODA, and those who produce a Fuel Substitute (Biofuel) which does not. Both are covered by the relaxation. Thus the relaxation covers those ‘producers’ who ‘use’ or who put vegetable oil into their fuel tank (as a fuel substitute).

Where producers or users will exceed 2,500 litres per annum, then they need to make entry of their premises, render returns and pay duty in accordance with Public Notice 179e (which is currently being amended to reflect the recent changes).

For those producers who are ‘registered’ there will remain a continuing requirement for them to show that the fuel that they produce (or use) is Biodiesel (and meets the fiscal definition in HODA) and where this is not the case, they will continue to be liable to the higher rate of duty on the biofuel they produce (or use) at the higher Fuel Substitute rate.

Revenue and Customs Brief 43/07

http://www.hmrc.gov.uk/briefs/excise-duty/brief4307.htm

Public Notice 179E

http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_PublicNoticesAndInfoSheets&propertyType=document&columns=1&id=HMCE_CL_000205

I hope the above information is satisfactory, but if you have any further queries regarding this matter, please do not hesitate to contact the address shown above quoting our reference number.

Yours sincerely

Mr D J Emmerson
Written Enquiries Officer

Excise publications are available from our website or the VAT, Excise and Customs Duties Helpline (08450 109000).

--------------------------------------------------------------------------------

From: Joseph
Sent: 12 August 2007 17:38
To: Enquiries {ESTN}
Subject: AO S EICS ( cAPTURE NO POSTCODE)Use of SVO as a road fuel

Please can you confirm the current position with regards to the use of Straight Vegetable Oil (SVO) as a replacement fuel in road going vehicles? As I understand it I can use 2500l of svo in my car without having to pay any duty on the use of the SVO. I also understand that I can simply buy the oil from any supermarket or wholesalers and simply pour it into my vehicles fuel tank, without having to modify it in anyway. Is this the actual legal position? Please do not refer me to current HMR&C bulletins or notifications as I find that they are misleading unintelligible and inconclusive. A simple layman’s explanation will suffice.

I await you reply.


Joseph
 
GRUNT said:
So when do you think the forecourt prices will peak then? I've bin waiting fook knows how many years an they still don't show any signs of peaking. At least we can still get the bleedin stuff.
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Mr Grant again makes a very good point. We really shouldn't take availability for granted, especially as ferkin crude is back up over $108/barrel again.

I predict the next 6 weeks will see fuel prices ease a little, then strengthen back up to, and possibly slightly higher than, current levels. It'll track crude with a 5-6 week delay, always has. OPEC won't produce more crude to counter these high prices, why would they?

Which means £1.20ish a litre, which IMHO will lead to more talk of fuel protests this summer. The slightest whiff of protests and panic buying will lead to shortages, even higher prices, more protests etc etc etc. Just like last time but 35ppl higher!

Keep buying that veg oil chaps (but preferably not from Tesco Stowmarket if you don't mind...) :D
 
Patman1200 said:
The cheap Pura veg oil is now £107ppl. 56 to 107ppl is a masseeeve hike!
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It is, but it's hardly surprising when you look at what oilseed commodity markets like Rapeseed, Soybeans and Palm Oil have done over the past 12 months:

ChartSoybean.jpg



Unfortunately my lovely graph doesn't show the scale, but the base in April 07 was at 800 cents/bushel and the peak in March 08 was 1560 cents/bushel.

What the numbers mean doesn't matter, it's the change (ie the market nearly DOUBLED) that makes your Pura more expensive. And these prices are here to stay for a while yet, despite US farmers increasing the Soybean area by over 18% this year.

Fill ya boots boys!
 
Sugar-powered cars 'in 10 years'

Sugar-powered cars could be the sweet solution to traffic pollution, say scientists.

Researchers have found a way to generate hydrogen directly from plant sugar. They expect the breakthrough to provide a cheap and efficient source of green transport fuel.

In future, motorists could be stopping at grocery stores instead of petrol stations to fill up on packets of solid starch or cellulose, say the scientists.

The new process involves combining plant sugars, water, and a cocktail of powerful enzymes - biological catalysts - to produce hydrogen and carbon dioxide.

It overcomes three major hurdles standing in the way of replacing fossil fuels with hydrogen, according to the researchers.

Biochemical engineer Dr Percival Zhang, who leads the development team at Virginia Polytechnic Institute and State University in Blacksburg, US, said: "This is revolutionary work. This has opened up a whole new direction in hydrogen research. With technology improvement, sugar-powered vehicles could come true eventually."

Current biofuels consist of ethanol made by fermenting plant material and combustible plant oils. They are burned in traditional internal combustion engines as alternatives to petrol and diesel.

Plant-derived hydrogen, on the other hand, could provide a more environmentally friendly fuel cell power source.

The scientists, who described their research today at the annual meeting of the American Chemical Society in New Orleans, are now working to make the process faster and more efficient. At present the amount of hydrogen produced is still too low for commercial applications.

A sugar-fuelled car would be inherently safe because its hydrogen is used immediately, said Dr Zhang. He added that it would also be cheaper and cleaner to run than even the most efficient petrol-driven car.
 
Patman1200 said:
The cheap Pura veg oil is now £107ppl. 56 to 107ppl is a masseeeve hike!
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Cheepest round here at the moment is Lidl veg oil at 78ppl. It's in 1l bottles which is a pain in the ass, but buying a box of 15 bottles last night saved me over £5 when compared to 115.5ppl at my local BP. :D
 
I live in dumbarton near glasgow, on the road between dumbarton and stirling there is a small garage whose price is now 120.9 litre for diesel, got to be the dearest Ive seen
 
Complete and utter pants.

I haven't stopped gettin' any older since this thread started either. Shud I post updates every now and again saying I'm still not no younger?

Flubber me - was that a Dolphin I saw flyin' by?
 
sugar power.
funny that someone who I work with and used to work at Bedford trucks (suppiers to the army) that could run on a variety of fuels had a theory that there's a conspiracy re; keeping things quiet that engines can run on water / sugar cube?
got me thinking especially this bio-ethanol which comes from sugar cane?
hmmm.
 
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