Shrewd Mammal

Petrol prices and the great profit scam

Posted on: July 22, 2008

It has been (widely) noted by the media in the UK that “Supermarkets” are “locked into a price war” and have reduced the price of their Petrol & Diesel to “reflect the drop in the price of Crude Oil”.

Once again our “Media” (for that read Corporate poster boys) have failed in their duty. IT does not take a genius to work out that the oil barrel price has been dropping for a week but the price of petrol on the forecourts have not dropped to reflect this.

In essence these companies have been raking it in whilst our attention has been diverted by the lax, poor and frankly absurd media in this country. If anyone in the UK believes what they read in the papers then they want their head examining. We are fed what the corporates want, nothing more, nothing less.

So, now we are supposed to feel grateful that these supermarkets have reduced their prices to reflect something that happened a week or so ago, no mention of the £Millions they have made off the back of the consumer whilst pretending that rising oil prices effect them immediately.


Wake up people, don’t believe the hype.


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