Fuel prices

[Steve L]

Ain't it just amazing!!

Every year without fail just about at mid summers day (20th June)the fuel companies decide to have a crisis and hike up the fuel price.

Then as if they are doing us a favor at August bank holiday they drop the price back to May prices.

Our local Morrisons has in the last fortnight dropped unleaded from 98.9p per litre to 89.9p per litre. Now while we as motorist's welcome the price drop, how come they can shave 45p a gallon off the price so quickly? Was it artificially high at 98.9p?

Im now saving £5 a week on my daily commute to work ( 420 miles a week) and a good fiver towing the caravan.

Isn't it about time "Phony Blair" and his cronies rounded up on these oil companies and their multi billion propheteering rackets and gave Joe public a break.

What say you "happy campers"?

Steve L.

 

[Val & Frank]

Should it not be the oil companies rounding on the goverment by posting the tax take, per lt/gallon of fuel at the pump. I once saw the Saudi Oil Minister on TV saying the UK Goverment took more in tax than the Saudis got for the Oil !!!! It's just a commodity after all and another reason the goverment will tell you to catch a bus.

Val & Frank

paying a lot less in the CZ Republic for fuel than in the UK.

 

[Lutz]

While we're on the subject of fuel prices, there were a couple of threads earlier on this year about the so-called Pipeline Card which was supposed to guarantee discounts. It seems to have gone all quiet (as I would have expected since the promised savings were rather utopian). With the oil companies "only" getting around 23p of the total cost at the pump, where was the 5 to 10p saving going to come from?

 

[rob_jax]

Hi Steve,

No it's not a conspiracy, the Summer is American "driving" season - when demand exceeds supply - and this always pushes the crude oil price up.

It's also hurricane season in the Gulf of Mexico - remember Katrina last August? - and that limits production in one of the largest American oil fields.

It didn't help that BP had to stop all production in it's Alaska fields - that also ramped up crude oil prices

Year in year out, Summer fuel usage and weather has had the effect of raising the crude oil price by around 10% - and drops away once demand goes down.

Robert