AA Zone
Fuel prices - why don't they follow oil prices closely...on the way down?
Original Post
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Posted At 18/09/2008 GCheeseman  |
It's the age old question but does anyone know why... the price of a barrel of oil goes up and we get stung immediately at the pumps, but if oil goes down it takes much longer to filter through to us.
Is it simply corporate greed? |
Panda
Posts: 11
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Posted At: 13/10/2008 12:13:11
Isn't it always about profit. My dad owns shares in shell so he thinks its great, what about us poor students. Dad said the aa used to tell you where to get cheap fuel, gyess that went with the high prices
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ChrisEcosse
Posts: 1
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Posted At: 21/10/2008 20:27:47
FUEL PRICES SHOULD BE LOWER NOW
If you look at the fall in Crude Oil prices, which have fallen dramatically in recent weeks, retail fuel prices should be lower now - about 99ppl. Crude oil is priced in US$, but even taking the fall in sterling into account, retail fuel prices should be lower. As a diesel user i've looked at the historic price using the AA's reports. Using the BBC's crude oil price & the dollar/ pound conversion the cost of crude is at its lowest point for over a year £40.5, whereas a year ago it was £44 a barrel. Prices for diesel a year ago were under 99.5p pl. So fuel retailers why aren't you passing this on? The price should come down as quick as it went up, not profiteering. |
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wilson_lfc
Posts: 1
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Posted At: 20/11/2008 18:16:52
With the good news that the price has falling again. Under $50. PLEASE PLEASE PLEASE can the price come down.
I do alot of mileage, and im losing about £150 a month in profit!! But its always the same, thay sting you when it goes up within 5hrs of the info passing, and then it takes them months to bring it down to match. I feel thay are taking the pee out us!! I am not happy. |
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MikeG
Posts: 4
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Posted At: 23/12/2008 16:48:26
Yes profiteering...
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Geoffrey
Posts: 1
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Posted At: 04/02/2009 14:22:04
I noticed today that the price of fuel had gone up again in spite of the fact that the oil companies were quoting record profits £15bn. I did hear somewhere that the Commodity Markets (Futures) are partly to blame
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BMWerBoy
Posts: 3
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Posted At: 24/09/2009 17:56:07
It is simply a disgrace-just in the last few months I've gone from paying 99p to
108-109p if I am lucky!!! I suppose this doesn't matter as much to people driving smaller, fuel efficient cars-but even for the relatively small 2litre 5-series I drive it makes a big difference. It is ridiculous that during a recession, 2p fuel tax hike was brought in-and why is there VAT on fuel? Where is the value added-we pump the petrol ourselves? Shouldn't the government be cutting fuel tax to ensure people can actually travel, given the woeful state of much of our public transport? |
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