Shrewd Mammal

Petrol prices

Posted on: June 20, 2008

Today I drove past my local supermarket (Black and yellow logo, Northern in origin…know the one?) and I noticed that Unleaded was 114.5ppl. Now, last time I checked the price of a barrel of oil (This morning) was $1.34 per barrel, DOWN from a high last week of what, $1.40?

So why have the prices at the pump not come down as a reflection of this drop? Forecourts are very quick (some say TOO quick because Petrol Retailers and Companies like Shell FUTURE their oil purchases – that’s right they agree a price for 6 months into the future!!) to rise on fears of whatever might impact supply, a war, some Saudi Prince sneezing whilst eating his cornflakes, the entrails of a chicken not augering well, whatever. And yet, when the price goes down we see even more DESPICABLE profiteering from these companies. If the price rises in line with wild excuses, it come come down with equal speed.

Now why doesnt our government do anythinga bout this? Simple, GREED. The Exchequer is raking it in, so much so that it is rapidly filling the large hole in it’s finances so why should it? The retailers are making loads of money…even more for every hour that they avoid putting the prices down.

The Media NEVER make as much play about the fact of the price going down as they do when it goes up and they NEVER take the retailers to task over this.

I am sick of this state of affairs….but what can we do????

Use this site..http://www.petrolprices.com/

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