Gaz Walker Posted October 10, 2008 Share Posted October 10, 2008 OK so I know theres a huge amount of factors to take into account, but in July, crude oil prices were around $147 a barrel - we were paying a little more at the pumps than we do now. Currently, with the economy going belly up, its hovering around the $85 mark. So how come its dropped more than 40% in cost yet we are only getting 3/4p off at the pump? Gaz. Quote Link to comment Share on other sites More sharing options...
JustGav Posted October 10, 2008 Share Posted October 10, 2008 Because companies like to make money, not give it away Quote Link to comment Share on other sites More sharing options...
supraGZaerotop Posted October 10, 2008 Share Posted October 10, 2008 its called being ripped off mate, we all should be used to it by now Quote Link to comment Share on other sites More sharing options...
SatSport Posted October 10, 2008 Share Posted October 10, 2008 on Sky News, now down to $79 per barrel. Tesco are to take 3p off - how generous of them Quote Link to comment Share on other sites More sharing options...
supraGZaerotop Posted October 10, 2008 Share Posted October 10, 2008 take 30p off they should Quote Link to comment Share on other sites More sharing options...
heartworm Posted October 10, 2008 Share Posted October 10, 2008 I know it takes several months to follow the oil trends, but its been long enough now that we should have seen some significant improvement, the station near me has gone down 4p since the worst of it, and I know others that have dropped 18p a litre Quote Link to comment Share on other sites More sharing options...
Wez Posted October 10, 2008 Share Posted October 10, 2008 Daylight robbery, thieving scumbags, not sure how else to descrive them. The BPs local to me have put there prices up again, we got down to 110.9p and on weds they were back at 111.9p, just put in enough to drive to a shell station where its still 110.9p. Quote Link to comment Share on other sites More sharing options...
Rayman Posted October 10, 2008 Share Posted October 10, 2008 Daylight robbery, thieving scumbags, not sure how else to descrive them. The BPs local to me have put there prices up again, we got down to 110.9p and on weds they were back at 111.9p, just put in enough to drive to a shell station where its still 110.9p. This is the thing i think if more people voted with their feet and filled up where its cheapest we could create a price war. Problem is when we desperate for petrol we buy from the nearest regardless of price, well majority of people will. They are also clever how they price petrol ie by the litre. Mind you its the government that shaft us on petrol anyway. Quote Link to comment Share on other sites More sharing options...
Alex Posted October 10, 2008 Share Posted October 10, 2008 I believe the Shell Credit Card gets you 3% off shell fuels... Quote Link to comment Share on other sites More sharing options...
jim_supra Posted October 10, 2008 Share Posted October 10, 2008 The Morrisons' petrol station near me is at £1.05p Quote Link to comment Share on other sites More sharing options...
SteveR Posted October 10, 2008 Share Posted October 10, 2008 Don't forget we were getting over $2:£1, now it's $1.70, so we were never going to see all of that reduction in crude prices in any case. Quote Link to comment Share on other sites More sharing options...
monsween Posted October 10, 2008 Share Posted October 10, 2008 if you think about it they are now making more money, the idea that fuel is cheaper than it was is making some/most folk happier and they dont follow the price of oil. Why would they cut it back to say 90p? when they can still sell it for 110p without too many folk complaining. PS im am complaining hehe! Quote Link to comment Share on other sites More sharing options...
juanchan Posted October 10, 2008 Share Posted October 10, 2008 I know it takes several months to follow the oil trends, but its been long enough now that we should have seen some significant improvement, the station near me has gone down 4p since the worst of it, and I know others that have dropped 18p a litre Months to follow trends? As soon as oil price increases are announced, the pump price goes up with immediate effect. It takes months for the price to fall again though, as we're seeing Quote Link to comment Share on other sites More sharing options...
Soop Dogg Posted October 10, 2008 Share Posted October 10, 2008 Oil companies quote their prices for delivery 2 to 3 months ahead. In July/August, the oil price then was for October delivery. That said, the price at the pump went up very quickly back then. I agree, it's taking a lot longer for it to drop again. Gordon Brown is in the news today demanding petrol price cuts as soon as possible - maybe he reads this forum. Quote Link to comment Share on other sites More sharing options...
Gaz Walker Posted October 10, 2008 Author Share Posted October 10, 2008 Gordon Brown is in the news today demanding petrol price cuts as soon as possible - maybe he reads this forum. Good call Gordon Quote Link to comment Share on other sites More sharing options...
RedM Posted October 10, 2008 Share Posted October 10, 2008 Gordon Brown is in the news today demanding petrol price cuts as soon as possible - maybe he reads this forum. He does indeed read the forum. Mostly NWS though. Quote Link to comment Share on other sites More sharing options...
miko_supra Posted October 10, 2008 Share Posted October 10, 2008 Gordon Brown is in the news today demanding petrol price cuts as soon as possible - maybe he reads this forum. Wow, he's done something right for once! Quote Link to comment Share on other sites More sharing options...
MrRalphMan Posted October 10, 2008 Share Posted October 10, 2008 It's only so he can put the Tax up on Fuel and it doesn't look so bad. Quote Link to comment Share on other sites More sharing options...
ivan Posted October 11, 2008 Share Posted October 11, 2008 I love this bit: "Ray Holloway, director of the RMI Petrol Retailers Association, suggested that it is the prime minister himself who makes the real difference to prices. "Gordon Brown always has the ability to reduce fuel prices through a fuel tax reduction, but avoids it," he said." Well he would say that - he represents the very sellers who are making all the profit FFS! Quote Link to comment Share on other sites More sharing options...
AlexM Posted October 11, 2008 Share Posted October 11, 2008 Well he would say that - he represents the very sellers who are making all the profit FFS! It's perfectly true though. As has been said many times before, the vast majority of our petrol price is tax & duty. Quote Link to comment Share on other sites More sharing options...
ivan Posted October 11, 2008 Share Posted October 11, 2008 Only because the tax is a % of the price. If the retailers dropped their price by 20p then the tax element would drop too. Cutting the tax alone means less of a cut. Quote Link to comment Share on other sites More sharing options...
Bobbeh Posted October 11, 2008 Share Posted October 11, 2008 It's only so he can put the Tax up on Fuel and it doesn't look so bad. Maybe he'll use that money to save the sorts of shitty banks you work for eh Quote Link to comment Share on other sites More sharing options...
imi Posted October 11, 2008 Share Posted October 11, 2008 That said, the price at the pump went up very quickly back then. I agree, it's taking a lot longer for it to drop again. Similar to Variable Mortgages then............ Under 10 yrs ago the lorry drivers went on strike due to diesel costs rising upto 77p.........and look at the state of it today, we'd be lucky if we could even get to £1 / ltr - all in the effort to be green (as in rip people off with the excuse of green - best tax policy the govt has ever had) Quote Link to comment Share on other sites More sharing options...
Aero-M Posted October 11, 2008 Share Posted October 11, 2008 My local sainsburys is 102.9 for unleaded and 113.9 for diesel. everywhere else around me is 105.9 and 118.9. Quote Link to comment Share on other sites More sharing options...
Kirk Posted October 11, 2008 Share Posted October 11, 2008 101.9 unleaded and 112.9 desiel at asda near me Posted via Mobile Device Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.