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oil prices drop 20 % but - petrol

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By *ice__bloke OP   Man
over a year ago

redcar

Hm strange how us customers at the pumps are told, oil has gone up and thats why the huge hike on the following day after the market price of oil going up.

The price of petrol should be 105 p

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By (user no longer on site)
over a year ago

There's a small lull between oil prices and forecourt prices.

Must huge firms run about 3 months in front.

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By (user no longer on site)
over a year ago


"Hm strange how us customers at the pumps are told, oil has gone up and thats why the huge hike on the following day after the market price of oil going up.

The price of petrol should be 105 p"

Fuel price drops never mirrors oil price drops, only increases

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By *ice__bloke OP   Man
over a year ago

redcar

Energy companies both oil & gas buy in when it is low.

It is a cartel.

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By (user no longer on site)
over a year ago

You seem to be forgetting that the vast majority of forecourt price is tax. Also refining transport and processing costs. Maybe 25% is based on oil price. So 20% of 25% is actually only 5%.

Fuel at my local garage is 8p/litre lower than 2 weeks ago...so about right in my book...

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