When's petrol coming down then?

[captainmorganrum]

Honest question.

I am sure that the companies will claim that they "subsidised" some of the rises so they cannot quickly pass on the falls.

So, with oil knocking on $100 again, how much truth is there in this?

 

[REDLAND]

The Esso on London Road this morning had gone up 1p on yesterdays unleaded price .

 

[steward 433]

$114.4 per barrel

BBC NEWS | Business | Market Data | Commodities

 

[Vankleek Hill Seagull]

Petrol prices don't go down. Once you start getting used to the inflated prices, they stay there ready for the next surge in oil prices, or when the Chancellor sticks another 5 pence per gallon as tax.

 

[Uncle C]

Was 108.9 when I was up north a couple of weeks ago.

 

[Zesh Rehman]

it has come down

 

[fozzie's headband]

Petrol prices don't go down. Once you start getting used to the inflated prices, they stay there ready for the next surge in oil prices, or when the Chancellor sticks another 5 pence per gallon as tax.

They do go down.
A few weeks ago I was paying 119.9 but at the same garage now I'm paying 112.9.

 

[Man of Harveys]

It SHOULD be coming down at the pumps - the price of crude has dumped about $10 in the last two days. But that's not to say it will, the swine.

 

[Notters]

Just think, 500ml of WATER at the Withdean costs #1.50, i.e. #3.00 a litre... and all they have to do is tick it in a bottle. Crude oil has to be tankered / piped halfway around the world, refined, and delivered to petrol stations as petrole, which itself is rather hazardous. I'm AMAZED how cheap petrol is... No that I wouldn't mind it a bit cheaper!

 

[scooter1]

Just think, 500ml of WATER at the Withdean costs #1.50, i.e. #3.00 a litre... and all they have to do is tick it in a bottle. Crude oil has to be tankered / piped halfway around the world, refined, and delivered to petrol stations as petrole, which itself is rather hazardous. I'm AMAZED how cheap petrol is... No that I wouldn't mind it a bit cheaper!

Sadly its worse than that - You don't get a half litre bottle at Withdean, its only 275ml for you £1.50....

 

[Mellotron]

Pretty sure petrol prices have been slowly coming down.

 

[captainmorganrum]

Pretty sure petrol prices have been slowly coming down.

Aye, but slower than the price of crude on the international markets - the companies are quick enough to pass on any increases.
Where's our reduction now?

 

[Armchair Loyalist]

gone up 2p to 1.12 in the last 24 hours here in Worthing

 

[SpidersLegs]

Got back from Florida yesyerday. It's only about $3.60 a gallon over there. That's about £1.90. That's gone up about a $1 since I was there last year

 

[Stat Brother]

Was 108.9 when I was up north a couple of weeks ago.

The same heading west over the bank holiday.
Surely we can't be paying more for stuff just because we live in the south east. That will never catch on.

 

[bhafc99]

Been £107.9 in Edinburgh for past couple of weeks.

 

[scotjem]

Apparently, its a well-known phenomenon known as 'rockets and feathers' - all to do with the laws of economics.

Or in other words, oil companies get richer and we get poorer.

 

[Gully]

What really hacks me off is that the supermarkets give a 5p discount on fuel if you spend over £50 in the store, that is very good for families who may spend say £100 quid in one shop, but no good for those who live alone and probably survive on somewhat less than £50 a week...I assume that they are subsidising the discounts given to families (or jabbas).

 

[¤DãŃn¥ §êãGüLL¤]

ASDA do 109.9 at the mo, best I've seen around.