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Futtocks

Oil Price fixing?

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This story is up there with "Do bears sh it in the woods?". A private monopoly, be it either gas, water, electric or oil, is going to charge as much as it can get away with and if that mean a cheeky phone call between "mates" at high level to "fix" prices, do you honestly think they wouldn't?

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No. Still better than a public monopoly.you may be too young to remember life under the hugely inefficient and backwards GPO , GEGB, British Rail, British Road Services. It took the introduction of ITV in the 1950a to administer a kick up the backside of the BBC, too.

And fixing the price of oil, if that has happened? What with fuel tax, vat, retailers margins, how does that affect prices?

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I am outraged that Brussels is investigating our oil prices.

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I can imagine the investigation will go on for so long that we will all forget about it and nothing will change. Come next summer prices will go up further and consumers will continue to drive as much as they are now.

Although, I can imagine knocking £0.10 off a litre of petrol would boost the economy.

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The fuel strikes of 2000 happened when petrol hit about 80p per litre.  It's £1.32 now at our local Tesco.

 

I have no doubt that fuel would be far more expensive now but for the big supermarkets having their price wars on fuel, 5p or 10p per litre off vouchers and so on.  The big petrol brands have to come close to the headline price or they'll just go bust.  I got a 10p per litre voucher from Tesco, that's £5.50 off my next fuel bill.

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Supermarket petrol is supposed to be low quality, according to a mechanic I know it is the petrol version of Weatherspoons beer, bottom of the barrel stuff.

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Isn't there an EN ISO standard for petrol and diesel?

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Supermarket petrol is supposed to be low quality, according to a mechanic I know it is the petrol version of Weatherspoons beer, bottom of the barrel stuff.

 

A fallacy, 'spoons source the same beer as everyone else. The only things they sometimes do is buy the beer closer to it's sell by date, but with their generally larger outlets they can get away with it being able to turn their beer over in a shorter time frame. 

 

Isn't there an EN ISO standard for petrol and diesel?

 

I believe so.

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A fallacy, 'spoons source the same beer as everyone else. The only things they sometimes do is buy the beer closer to it's sell by date, but with their generally larger outlets they can get away with it being able to turn their beer over in a shorter time frame. 

 

 

I believe so.

I've stuck mainly supermarket petrol into my car which I've owned for the last 11 years now without any issues. Higher Octane stuff may help boost performance of some newer cars, but I suspect a bit of scaremongering amongst some of the main players is probably the driving force* behind this rumour.

 

*pun intended. :rolleyes:

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If it turns out that the EU finds there has been cross border cross company price fixing that has held the price of petrol and diesel higher than it would have been, how will UKIP react?

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If it turns out that the EU finds there has been cross border cross company price fixing that has held the price of petrol and diesel higher than it would have been, how will UKIP react?

"The view of the UK government's inquiry was that they could find no evidence of price fixing, therefore that trumps whatever the EU busybodies will find."

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Ah, yes...the 'could find no evidence' line combined with the national sovereignty defence.

The annoying thing is that the only way energy useage will reduce sufficiently to stop us frying is for the price to escalate.

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