Petrol/Diesel Prices

mcfisco

The US dollar at an all time low, oil prices dropping & yet were again back to the £1/litre [diesel] level in some places with prices seeming rising by about 1p every 10 days or so
Are the big oil companies holding back on production &/or supply or is something else driving the price up?

Takecareofthepennies

I guess the constant stream of news about record profits at Shell, BP etc. might give a clue ...

peterg1965

Its called profiteering, and the Chancellor making fools of us all.

mcfisco

Hmm...

The prices just seem to be going up more rapidly than normal without any obvious cause
the gov aren't putting their latest rise on until Sept & all the other factors that usually make it rise are going down

Telboy_2

Do you notice every tme there is a bank holiday /half term/ school holidays petrol and diesel sunddenly rises by at least 2p a litre then a couple of weeks later it goes back to pre holiday prices?

colin79666

hmm
last week I got petrol for 90.9p/litre

today I had to get petrol again and now its up to 92.9p/litre (93.9 elsewhere). I'm just putting in half a tank till the prices fall again.

peterg1965

It's also noticeable that the price differential between petrol and diesel has narrowed markedly, and in the garage I filled up in today was non-existant. So, either petrol is being marked up or diesel being marked down, now I wonder what the answer to that connundrum is?

I am very surprised that there has not been more in the media about these unreasonable prices, what is behind it? I know oil prices have eased up slightly but as the original comment says, it is sold in $ and the pound is very strong against the dollar.

A I said before we are being made fools off by oil companies and the Government.

colin79666

At the garage closest to me today (it's always about 4p/litre more than elsewhere)
Unleaded: 97.9p/litre
Diesel: 95.9p/litre
What on earth is going on:question:

Takecareofthepennies

I think we have mostly ourselves to blame. The last time petrol prices crept up on the £ 1 / litre mark (you will remember the spike in oil prices), everybody grumbled, but got on with it. Meaningful protest with an impact? A powerful display of consumer action? Forget it! Nobody so much as made an attempt to cut down on their personal driving.

The question here is: How high do prices need to climb until Joe Public feels the bite? Until then, the oil companies will keep turning the screw - and so will the Chancellor.

Time to a) buy shares in BP or Shell or b) think nationalisation or price control. Too radical I hear you say? Funny - that's how I feel about the oil companies' behaviour!

Sorry, rant over. Off to the filling station now.