Member Since: 21 Dec 2017
Location: Leominster
Posts: 279
This subject has the makings of a good conspiracy theory methinks.................1955 SWB Series 1 86 inch
1960 SWB Series 2 88 inch
2009 Discovery 3 HSE Bournville Pearl
31st Oct 2018 5:55 pm
Disco_Mikey
Member Since: 29 May 2007
Location: Dundee, Scotland
Posts: 20713
Member Since: 15 Jan 2013
Location: Devon
Posts: 2027
That is the crude price staying what they quote as 'high' ie around USD 75 - which is not as high as USD 125 per barrel but is 50 percent up on the average of USD 50 that it has been for the last four years...... That is still no justification for the pump price being so high. And yes oil traders hedge but that is to keep the price at a relatively stable level and smooth out market fluctuations..
"the inherent vice of capitalism is the unequal sharing of blessings....the inherent vice of socialism is the equal sharing of miseries" Winston Churchill
2016 D4 Landmark Club Waitomo ...or is it Club Tempest????
2015 D4 HSE Aintree Green
31st Oct 2018 10:56 pm
kajtzu
Member Since: 10 Aug 2017
Location: Helsinki
Posts: 6538
“Under normal market conditions, only a fraction of the cost of a litre of petrol ends up in the coffers of fuel retailers. For petrol, at its current average price of £1.04 per litre, just over 72% of the price will go to the exchequer in fuel duty and in Value Added Tax (VAT), leaving only around 28% of ‘wriggle room’ for cutting the price to consumers when the price of crude oil falls.”
1st Nov 2018 2:30 pm
Canburne
Member Since: 15 Jan 2013
Location: Devon
Posts: 2027
Since UK fuel duty has been frozen for some time the duty is irrelevant. That still doesn't explain why the pump price is so high at this time..
"the inherent vice of capitalism is the unequal sharing of blessings....the inherent vice of socialism is the equal sharing of miseries" Winston Churchill
2016 D4 Landmark Club Waitomo ...or is it Club Tempest????
2015 D4 HSE Aintree Green
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