Petrol Prices - Are they to high - What can we do about it.

[rajkan]

Surely, this can't continue. How can a litre of petrol be £1.12p

[kinboshi]

Tax and greed from the oil companies.

I'm going to be selling my car soon to buy something more economical, although what I've got my eye on might not achieve that purpose.

As to what we can do - nothing.  There are no feasible alternatives to owning and driving a car for many/most people.  Public transport is simply not an option for many.

I suppose there are protests, but I'm not sure what they achieve. 

[Robert HM]

I so neeeed my vehicle.

Market forces will determine the price level

[boldie]

Tax and greed from the oil companies.

I'm going to be selling my car soon to buy something more economical, although what I've got my eye on might not achieve that purpose.

As to what we can do - nothing.  There are no feasible alternatives to owning and driving a car for many/most people.  Public transport is simply not an option for many.

I suppose there are protests, but I'm not sure what they achieve. 

NO, surely not!

Petrol prices are ridiculous in this country..when I moves to Scotland in 99 you didn't even pay 90P for a litre of petrol. 112P is ridiculous.

[kinboshi]

I so neeeed my vehicle.

Market forces will determine the price level

They will, but unfortunately the oil companies are operating a cartel, and the government benefits from this at the same time.  This means the prices are artificially high.

[boldie]

I so neeeed my vehicle.

Market forces will determine the price level

one of them statements pretty much disproves the other

[TightEnd]

Tax aside the global price of a barrel is now $125 (brent) Its doubled over the period of this graph.

Retail margins are v v thin, but the squeeze on consumers is now so intense (rising costs, falling growth) that this stagflation I beleive will lead to social unrest.

[Robert HM]

I so neeeed my vehicle.

Market forces will determine the price level

one of them statements pretty much disproves the other

Not really

[TheChipPrince]

yes, nothing...

[kinboshi]

Tax aside the global price of a barrel is now $125 (brent) Its doubled over the period of this graph.

Retail margins are v v thin, but the squeeze on consumers is now so intense (rising costs, falling growth) that this stagflation I beleive will lead to social unrest.

Why is petrol and diesel so much cheaper in Luxembourg?

[TightEnd]

why Luxembourg?

[kinboshi]

why Luxembourg?

Cheapest in Europe apparently, and it obviously doesn't produce any of its own.

[AndrewT]

Tax aside the global price of a barrel is now $125 (brent) Its doubled over the period of this graph.

Retail margins are v v thin, but the squeeze on consumers is now so intense (rising costs, falling growth) that this stagflation I beleive will lead to social unrest.

Yes, petrol sells for more than it ever has, yet independent petrol stations can't afford to stay open and are closing at an ever increasing rate.

[boldie]

Tax aside the global price of a barrel is now $125 (brent) Its doubled over the period of this graph.

Retail margins are v v thin , but the squeeze on consumers is now so intense (rising costs, falling growth) that this stagflation I beleive will lead to social unrest.

Quite funny that really..because who sets the price of a barrel of Oil? Is it not all speculation? And what is the actual cost of a barrel of oil? Doesn't that make margins huge, if not for the retailer than for the ones who own the fields and refine the stuff?

All in all, with the prices of food rising dramatically (atleast the important foods if not your local happy meal) and the price of oil escalating, on top of which there is a fall in the property prices and it's harder to lend money surely we must be heading for some sort of recession?

[gatso]

I learn so much from watching the news. today they told me that the solution to the problem of rising fuel price is to remove your roof rack, take things out of the boot and turn your engine off in queues of traffic. well that's that sorted then.