Petrol Prices - lowest for 3 years

Airwolf1

Just heard this on the BBC News, but can't find a link.

This is good news for those who do a lot of travelling, and especially the trucking companies.

It is just a pity that there isn't a faster link to the pump from when oil prices drop, I'm sure this is one of the major gripes.

drbeat

Airwolf1 wrote: »

This is good news for those who do a lot of travelling, and especially the trucking companies.

Just a shame that trucks don't run on petrol!

drbeat

Airwolf1 wrote: »

It is just a pity that there isn't a faster link to the pump from when oil prices drop, I'm sure this is one of the major gripes.

That's because oil is purchased 3 months in advance - hence the slight delay...or so I was told

wymondham

drbeat wrote: »

That's because oil is purchased 3 months in advance - hence the slight delay...or so I was told

It's strange, as prices go up overnight, even though stations have a full main tank purchased at the reduced price, yet when prices come down we get told it takes a while to filter through .. basically heads they win tails we lose!

Generali

wymondham wrote: »

It's strange, as prices go up overnight, even though stations have a full main tank purchased at the reduced price, yet when prices come down we get told it takes a while to filter through .. basically heads they win tails we lose!

That's the joy of dealing with big business. They know you have little choice so they have you by the short and curlies.

It's hard to get PP in the UK, especially so for a garage so only the majors in most cases can afford the lawyers to force PP through.

drbeat

wymondham wrote: »

It's strange, as prices go up overnight, even though stations have a full main tank purchased at the reduced price, yet when prices come down we get told it takes a while to filter through .. basically heads they win tails we lose!

Yes it takes the pi$$ but as the General said: they have us by the short and curlies!

drbeat

I suppose the next thing to happen will be an increase in fuel duty!

Generali

drbeat wrote: »

I suppose the next thing to happen will be an increase in fuel duty!

Petrol, bad for the planet innit.

The levels of taxation on fuel are of course unrelated to the fact that most fuels have what is called inelastic demand, that is if the price gets put up (say by a Government that has messed things up and is desperate for cash, just for example) then you have to buy the fuel as you need it to get to work or to heat your house.

mvengemvenge

From what I read over the weekend, lower prices now mean much higher ones in the future, as the companies won't spend as much on exploration.

WTF?_2

Maybe petrol stations should take a cue from some house sellers and refuse to sell their product 'for less than it is worth' (based on the peak prices of the summer). :rotfl:

jungli_jim

Great lowest fuel prices for 3 years.........Diesel only 97.9p/Litre which is about £4.50 a gallon........is that particularly cheap? I don't think so.