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UK fuel prices rigged?


Guest pelmetman

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Not really. They all buy their supplies from the same sources and they all have similar in house costs. They also will not wish to be too far apart from their competitors, a la supermarkets etc. So, yes prices are rigged but not necessarily in the way you feel is wrong.

 

We all know petrol garages mark their prices according to local pricing, not national levels. One goes up or down and the others follow suit.

 

Where the UK is a soft target is the fact that we do not store any gas. In summer it is sold off cheaply and we buy it back at a higher price in winter. That was taken from the Gordon Brown book of simple economics. Other countries store gas in underground facilties and feed it in when required to stabilise things. However, a converse of that is that we produce more oil than we need so can sell that to buy gas.

 

The other factor is that speculators drive the price up and down to make a fast buck and that is where the attention should go first.

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Guest pelmetman
Dave225 - 2012-11-13 7:24 PM

 

Not really. They all buy their supplies from the same sources and they all have similar in house costs. They also will not wish to be too far apart from their competitors, a la supermarkets etc. So, yes prices are rigged but not necessarily in the way you feel is wrong.

 

We all know petrol garages mark their prices according to local pricing, not national levels. One goes up or down and the others follow suit.

 

Where the UK is a soft target is the fact that we do not store any gas. In summer it is sold off cheaply and we buy it back at a higher price in winter. That was taken from the Gordon Brown book of simple economics. Other countries store gas in underground facilties and feed it in when required to stabilise things. However, a converse of that is that we produce more oil than we need so can sell that to buy gas.

 

The other factor is that speculators drive the price up and down to make a fast buck and that is where the attention should go first.

 

Which explains why they only pay 50p a litre for diesel in India ;-).....................hopefully once the UK has reached their poverty levels we can expect them to subsidise us? :D.......................Now there's sumffink to look forward too :D

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pelmetman - 2012-11-13 7:44 PM

 

Dave225 - 2012-11-13 7:24 PM

 

Not really. They all buy their supplies from the same sources and they all have similar in house costs. They also will not wish to be too far apart from their competitors, a la supermarkets etc. So, yes prices are rigged but not necessarily in the way you feel is wrong.

 

We all know petrol garages mark their prices according to local pricing, not national levels. One goes up or down and the others follow suit.

 

Where the UK is a soft target is the fact that we do not store any gas. In summer it is sold off cheaply and we buy it back at a higher price in winter. That was taken from the Gordon Brown book of simple economics. Other countries store gas in underground facilties and feed it in when required to stabilise things. However, a converse of that is that we produce more oil than we need so can sell that to buy gas.

 

The other factor is that speculators drive the price up and down to make a fast buck and that is where the attention should go first.

 

Which explains why they only pay 50p a litre for diesel in India ;-).....................hopefully once the UK has reached their poverty levels we can expect them to subsidise us? :D.......................Now there's sumffink to look forward too :D

 

Now you know that most of your fuel price is tax. North Sea oil is a ligth crude which is good for making fuel but no use for industry so we sell the excess and buy heavy crude from outside. If we just used the pil companies manufacturing price then our diesel cost would be somewhere about 13p per litre so call it 50p to give a good profit margin, but then add.......................the Tax.

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Guest pelmetman
Dave225 - 2012-11-13 8:54 PM

 

pelmetman - 2012-11-13 7:44 PM

 

Dave225 - 2012-11-13 7:24 PM

 

Not really. They all buy their supplies from the same sources and they all have similar in house costs. They also will not wish to be too far apart from their competitors, a la supermarkets etc. So, yes prices are rigged but not necessarily in the way you feel is wrong.

 

We all know petrol garages mark their prices according to local pricing, not national levels. One goes up or down and the others follow suit.

 

Where the UK is a soft target is the fact that we do not store any gas. In summer it is sold off cheaply and we buy it back at a higher price in winter. That was taken from the Gordon Brown book of simple economics. Other countries store gas in underground facilties and feed it in when required to stabilise things. However, a converse of that is that we produce more oil than we need so can sell that to buy gas.

 

The other factor is that speculators drive the price up and down to make a fast buck and that is where the attention should go first.

 

Which explains why they only pay 50p a litre for diesel in India ;-).....................hopefully once the UK has reached their poverty levels we can expect them to subsidise us? :D.......................Now there's sumffink to look forward too :D

 

Now you know that most of your fuel price is tax. North Sea oil is a ligth crude which is good for making fuel but no use for industry so we sell the excess and buy heavy crude from outside. If we just used the pil companies manufacturing price then our diesel cost would be somewhere about 13p per litre so call it 50p to give a good profit margin, but then add.......................the Tax.

 

India pays basically the same as everyone else for their fuel then ;-)...............except for the tax *-)...........India has had a growth rate of well over 5% for the last 10 years.................when was the last time the UK GDP even reached 5%? *-)...................The UK is and has been basicly taxed to death (lol) (lol) (lol)

 

Unless your a big business like "Starbaucks" "Amazon" etc >:-(

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