Petrol Prices Revisited!

scheming_gypsy

who? it leaves 50p to be split between the oil companies, delivery, refining and retailer.

Knackered

Presumably if you took 80p off a litre of petrol we'd all benefit...

flyingscotno1

bigk wrote: »

Perhaps naively, I am just looking for a fair deal from the oil companies.

Regards, bigk

They'd probably tell you they do give you a reasonable deal. Yes they make large profits but I'd imagine petrol retailing is fairly negligible on their bottom line. After all petrol is what 40p a litre pre tax?

Paradigm

scheming_gypsy wrote: »

who? it leaves 50p to be split between the oil companies, delivery, refining and retailer.

Or, to put it another way, selling petrol subsidises all the above costs.

Refining oil to extract the many other products (tars, plastics, oils etc) is where the oil co's make their billions! But the refining process will also produce a waste product....petrol. It can't be avoided.

This stuff has very few (if any?) legitimate uses & used to be dumped until some bright spark invented the internal combustion engine. Instead of having to get rid of it, they could now charge us to get rid of it for them...perfect

In reality they could give it away for free & still make billions!!

Just to go off on a tangent.... the development of greener, cheap alternatives to petrol would be a disaster for every oil company, we would all switch. Oil would still have to be refined but how would they dispose of the useless waste, petrol? It would cost them an absolute fortune to get rid of the millions of litres produced daily. Makes me wonder why alternatives are so slow in appearing??

In essence, we are paying through the nose to do the dirty job the Oil co's couldn't possibly afford to do..... get rid of petrol.

[Deleted User]

I filled up today with Shell V-Power at 141.9p per litre.

:eek:

dzug1

bigk wrote: »

I know this subject has been visited many times and probably done to death but why, when oil is as cheap as it has been in weeks, is petrol not coming down in price again?

I am aware that quite a large proportion of the cost of fuel is in tax and that Dollar exchange rates can affect things but this doen't account entirely for the lack of movement in fuel prices, does it?

I would be interested in your thoughts:beer:
Regards,

bigk

But it IS coming down - 5p or so in the last week or two around here. Maybe not as far or as fast as you would wish but petrol prices DO go down.

grizzly1911

There are still big differences between retailers too.

I can accept the need for small retailers or those in extreme rural areas having to charge more.

There is a spread where I live between supermarket forecourts of 7p/L on diesel all within 5 miles of a major motorway on a prime through route. The forecourts are easily used by non supermarket users and I do not believe any of them would be selling the fuel at a loss. This differential is there whether prices are going up or down with one site always being at the top end.

As a PP said they make the money on the wholesaling and make the retailing look sick to justify the high prices.

Pocket_the_lot

johnnyroper wrote: »

The same cannot be said for across the pond,i was in florida last couple of weeks and there was a big piece on NBC or whatever the channel was about the price of "gas"coming down as the cost of crude is falling lately.

when i was there cheapest i paid for regular unleaded was $3.31 a gallon,so not only is it cheaper over there to start with the benefits are past on when the cost to make the stuff falls.

cannot blame our gov this time its a case of oil companies keeping our prices high to subsidise the people across the pond i reckon?

Long gone are the days of 99 cents a gallon durring the mid 1980s.

Hammyman

grizzly1911 wrote: »

There are still big differences between retailers too.

I can accept the need for small retailers or those in extreme rural areas having to charge more.
.

Why should those in rural areas be charged more? We get charged more in our town yet it is half the mileage from the refinery than it is to Sheffield.

[Deleted User]

Hammyman wrote: »

Why should those in rural areas be charged more? We get charged more in our town yet it is half the mileage from the refinery than it is to Sheffield.

Might be because less people are filling up at an extreme rural station which means the retailer isn't get a "discount" for buying in bulk.