Petrol Prices

[DimPrawn]

When oil prices rise, the petrol retailers stick the price up within hours.

When oil prices fall, they point out that it take 6 months for crude prices to filter through to pump prices.

HTH

[TimberWolf]

When oil prices rise, the petrol retailers stick the price up within hours.

When oil prices fall, they point out that it take 6 months for crude prices to filter through to pump prices.

HTH

If petrol prices drop quickly though, the petrol in your car will depreciate in value. Doomed. (This is an important consideration for Aygo owners).

[shaunbhoy]

When oil prices rise, the petrol retailers stick the price up within hours.

When oil prices fall, they point out that it take 6 months for crude prices to filter through to pump prices.

HTH

And let's not forget that the exorbitant prices charged by our (foreign-owned)utilities companies are all linked to the cost of oil. So clearly, as oil prices have slumped, we can expect price reductions of the order of 35% in the near future. Oh look.............a squadron of airborne oinkers!!

[Paddy]

Apparently diesel comes from Mexico and there is a world shortage currently because so many car owners have bought diesels. This was in the Mail on Sunday. I still have a petrol car... PHEEEEW!!!!.............. SMUG

There is always some lame excuse for keeping the price of oil, fuel, and gas high. When a barrel of oil is cracked is broken in to its various components. It’s petroleum that is the costly element to extract and uses most energy to do so. Diesel then becomes a by-product. Conversely the majority portion of a barrel can be converted into Diesel with remaining few by-products. I know this because I worked on a cracking program in the 1980s.