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

[TheChipPrince]

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.

Dont supermarkets make a loss are break just even on petrol to entice you to go shopping there?

[boldie]

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.

good thing most of the roads are always clogged up..you can safe a shit load of dosh.

[TightEnd]

boldie, yes we are

Set by speculation....well yes and the markets are led by investors such as the hedge funds that weren';t around ten years ago. With so many asset prices under pressure then commodities are a good bet at the moment, and oil is included in this

for the producer the margins are obviously fantastic but the majors are integrated, they have to refine and market where costs are rising

long term they also have to invest forutnes in new energy sources, environmental safety and the like

[rajkan]

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.

LOL

[kinboshi]

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.

Not setting them on fire is also advisable.

[gatso]

why Luxembourg?

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

nah, luxemburg at least 50% higher than ukraine (approx 50p/l) and I think greece, slovenia, estonia, lithuania, spain and switzerland are all cheaper than lux too

[Ironside]

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.

good thing most of the roads are always clogged up..you can safe a shit load of dosh.

wrong

you burn more feul starting the engine than you would do sitting idle for 4 minutes

[Graham C]

Isn't the cost of oil per barrel partly influenced by the amount they pump out per day?  So if they have a slack day like usual, they price it high, but if they flood the markets then the price will drop? 

It's all a scam, the cartels have it covered, the government gets their grubby fingers on what they can, like with all things that the people need (as per ciggies) and it's us that ultimately pays for it.

£1.12 per litre is outrageous, even if it is a lot cheaper than beer

[TightEnd]

Isn't the cost of oil per barrel partly influenced by the amount they pump out per day?  So if they have a slack day like usual, they price it high, but if they flood the markets then the price will drop? 

It's all a scam, the cartels have it covered, the government gets their grubby fingers on what they can, like with all things that the people need (as per ciggies) and it's us that ultimately pays for it.

£1.12 per litre is outrageous, even if it is a lot cheaper than beer

yes but OPEC, the producing cartel is in disarray. Half of them are Islamist fundamentalist, some are in problem areas and the "unity" required to restrict production for the benefit of the Western world in not present.

[ifm]

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?

Because they are not taxed to the extremes that we are, i hate to say it but we should do what the Frenchies are doing and force this poxy government into giving us a break.
Surely we won't take much more of this?

[gatso]

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.

avg margin on retail petrol sales is around the 1p/l mark. when I was running garages selling 7,000 l/daythe fuel sales didn't provide enough profit to cover wages for a single cashier on min wage. the only reason to run a petrol forecourt nowadays is to attract footfall through your shop.

[rajkan]

Quoted from a group on Facebook

Take the time to at least read this, then, see what you think and pass it on if you agree with it.
We are hitting 106.9 p a litre in some areas now, soon we will be faced with paying £1.10 a litre.
This makes MUCH MORE SENSE than the 'don't buy petrol on a certain
day campaign that was going around last April or May! The oil
companies just laughed at that because they knew we wouldn't
continue to hurt ourselves by refusing to buy petrol. It was more
of an inconvenience to us than it was a problem for them.
BUT, whoever thought of this idea, has come up with a plan that can
really work.
Please read it and join in!
Now that the oil companies and the OPEC nations have conditioned
us to think that the cost of a litre is CHEAP, we need to take
aggressive action to teach them that BUYERS control the market
place not sellers. With the price of petrol going up more each
day, we consumers need to take
action. The only way we are going to see the price of petrol come
down is if we hit someone in the pocket by not purchasing their
Petrol! We can do that WITHOUT hurting ourselves. Here's the idea:
For the rest of this year DON'T purchase ANY petrol from the two
biggest oil companies (which now are one), ESSO and BP.
If they are not selling any petrol, they will be inclined to
reduce their prices. If they reduce their prices, the other
companies will have to follow suit. But to have an impact we need
to reach literally millions of Esso and BP petrol buyers. It's
really simple to do!!
Now, don't wimp out on me at this point... keep reading and I'll
explain how simple it is to reach millions of people!!
I am sending this note to a lot of people. If each of you send it
to at least ten more (30 x 10 = 300)... and those 300 send it to
at least ten more (300 x 10 = 3,000) ... and so on, until we reach around THREE MILLION consumers!
Again, all You have to do is send this to 10 people. That's
all.(and not buy at ESSO/BP)

Invite ten more people to this group within one day of joining, all 3 MILLION people could conceivably be contacted within the next
8days!!! Acting together we can make a difference If this makes
sense to you, please pass this message on.
PLEASE HOLD OUT UNTIL THEY LOWER THEIR PRICES TO THE 69p a LITRE
RANGE
It's easy to make this happen. Just invite your friends, and buy
your petrol at Asda,Tesco, Morrisons Jet etc.
i.e. boycott BP, Shell and Esso (and Sainsburys)
would this work

[boldie]

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.

good thing most of the roads are always clogged up..you can safe a shit load of dosh.

wrong

you burn more feul starting the engine than you would do sitting idle for 4 minutes

GREAT...just don't ever switch your car off and you safe tonnes of fuel

[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.

Why is petrol and diesel so much cheaper in Luxembourg?

Because they are not taxed to the extremes that we are, i hate to say it but we should do what the Frenchies are doing and force this poxy government into giving us a break.
Surely we won't take much more of this?

devils advocate

if they were to reduce indirect taxation (petrol for example) it has to be clawed back from somewhere given the country is in debt

so higher Income tax? higher NI? fewer improvements to hospitals? schools? train less nurses? etc etc

[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.

Why is petrol and diesel so much cheaper in Luxembourg?

Because they are not taxed to the extremes that we are, i hate to say it but we should do what the Frenchies are doing and force this poxy government into giving us a break.
Surely we won't take much more of this?

devils advocate

if they were to reduce indirect taxation (petrol for example) it has to be clawed back from somewhere given the country is in debt

so higher Income tax? higher NI? fewer improvements to hospitals? schools? train less nurses? etc etc

not spending 67 billion on updating Trident?