Quote:
Originally Posted by alferret
What I find galling & in some ways profiteering by forecourts & the refiners.
Last May 2011, Brent crude was at about $128pb (per barrel) Today\this week its around $125pb. May last year I was paying 135.9p per litre. Today I am paying 142.9ppl.
So as there have been no increases in VAT or duty on fuel in the last 9 months how can the cost's have increased?
Between May 2011 & Dec 2011 the cost pb dropped to below $105, but the forecourts only dropped the litre price by 1.9p to around 133-4ppl.
So pb was down 17.5% but forecourt price only went down by 1.6%.
Something smells a little bit fishy me thinks & then adding on 3.03ppl + vat is a SMACK in the face for anyone who uses a vehicle be it SDP, commute or for work.
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spot on increases down to crude oil yet decreases never come back to real terms of price of barrel.
Now the excuse is unsettled tensions between iran/isreal.
Middle east have always been in conflicts or tensions why now is used as excuse to justify prices.
Now the one do accept which possible cause is rise of other markets putting pressure on prices but if crude oil prices dropped then parity should been done in forecourt s in uk.
That means the problem elsewhere not middle-east
Finger should be at the refineries making killing in uk. Shell prfits went to 18bn despite missing targets of refining.
http://www.thisismoney.co.uk/money/m...18bn-2011.html
Although governments equally to blame for there taxation policies over the years.
I think we could drive the economy forward if we dropped 20p off fuel.