Petrol costs RISING and RISNG

[JOSH_IOU]

400% in 10 years is pretty steep in any circumstances, but remember that on top of this in the last 10 years we've had some of the lowest inflation we've ever known!

 

It turns out that the price of petrol in real terms (before duty, VAT and VAT-on-duty, adjusted for inflation), has actually gown down 30% in the last 20 years, while the actual price at the pump has increased above inflation (though only slightly).

 

 

Bloody new capitalists. I mean labour

[ajwt2]

There is a definate link between Petrol Prices and Oil prices, completely predicatable. If Oil stays above $85 petrol will go above £1. I'd love ot show you the graph that proves it, but CAGBot wont let me!

[Shoestring]

The question you need to ask is what factors cause the price rise in crude in the commodity markets. That is the key question.

 

Personally, I do not have an awful lot of faith in the Home Improvement and Decoration Project Prices including Conservatory Costs graph (no disrespect implied to you ajwt2).

 

Political factors, economic factors, supply and demand and derivative trading (i.e., financial market gambling strategies) are amongst the things that influence the price of crude.

 

In other words outside infleunces can be and are brought to bear.

 

Shoestring

[ajwt2]

Hi Shoestring. I'm not sure I get what you mean? The graph shows that Petrol Prices tend to track the price of Crude Oil, not the other way around. I agree, an awful lot of factors contribute to the price of oil such as supply, demand, geopoliotical unrest, hedge funds etc. What I was saying was that Petrol is subject to very similar pressures, as shown by the correlation between the two products.

[Red Rebel]

Does the price of oil affect the huge profits companys like BP and Esso make.............i think not. As usual the people of this country pay up without a whimper of protest. No wonder this countrys got the name Rip off britain.......we deserve all we get.

 

Red

[Guest Gertie100]

I would be interested if someone could tell me exactly how petrol stations put the price up?

Around here BP is the most expensive, currently running at 1.07p for diesel and 1.03 for unleaded. However at one particular station I have driven past at 8am and seen one price, then again at 5pm and its a different price...how do they physically apply the pricing?

[Red Rebel]

People need to boycott both Shell and BP petrol stations and use an alternative source for there petrol then the price would soon come down

 

Red

[yohe]

apparently users of facebook are organising a day of boycot u petrol station on monday 19th

[Red Rebel]

If Facebook are doing something about the price rises then surely we should organise something on here to hit there profits.

 

Red

[midge61]

well i have just got rid of my car because all the different taxes are just getting ridiculous!