Oil companies taking the pizz

The oil companies say that the price of crude has a direct effect on the price of petrol at the pumps.

So as oil prices rose from $75 a barrel last September to $147 in July, we were told that the rise in the price of petrol at the pumps £1.19 last month was unavoidable.

However, the price of crude has since dropped back by a third to around $100 a barrel, yet the price at the pump has only fallen around 6p, to £1.13 a litre. The same reduction in the price of petrol would see a price of around 80p a litre.

Am I missing something, or are the oil companies taking the pizz?

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i thought the price was still £1.19

well it was when i looked today anyway.

is it just this high in england or is it france and places like that too?

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Yeah, there's something not right somewhere. It's far too tempting for them to leave the prices up there when the crude price drops off, just think how much extra profit they're making now the prices have backed off.

A more cynical person would argue the higher crude prices worked out in the oil companies favour - but these honest companies would never dream of engineering such a situation would they?

However high the cost of fuel gets it'll never be more expensive to drive my car than take the train though.

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Petrol is so expensive :(
The companies are just so greedy imo, they make loads of profit but don't want to lower the prices for us.

Talking of prices it said on the radio that tube & bus fares are going up in January :confused2:
IMO the fares are too expensive as they are, no need to make it more expensive.

Thankfully i don't need to use either the bus or the tube very often.

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Someone wrote into the metro today saying exactly the same thing.

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I think the cost per barrel doesn't neccesarily translate to equivalent savings at the pumps, the weak pound is also having an impact on this.

As for the transport costs, wow, what's that all about Boris?

http://www.allinlondon.co.uk/news/index.php?type=&news_id=4628




:speechless: :(

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I think transport costs are just way too high.

Wouldn't it be better to make it cheaper to encourage people on the buses & tubes, not make it more expensive.

If myself, hubby & kids go out & went on the bus it'd cost us £4 to get there & back on the bus... from January. I'd rather walk outside & get into the car thanks.

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That's what's annoying. They want to price cars off the road, so they get used as little as possible - with rising tax rates, low emmission zones, high cost of fuel, etc. And then public transport is expensive, and often unreliable (district line, anyone?). I don't get buses partly because I get incredibly travel sick on them (so not really a convenient substitute to me driving), I can't stand being cramped and suffocated by strangers, expecially as I'm short and get eaten up bu armpits. And the nasty yobby kids who lurk about at the back/top deck (who get on for free while I have to fork out £2 even for a short journey just to take shopping bags home).

The cheapest thing I've found, and it works for me, is the good old motorbike. Costs me about £6 for a week's worth of fuel to get me to work and back. Miles cheaper than any travelcard. And a nicer journey than the tube or bus!!

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Good point well put.

London's transport system isn't really very appealing is it at the moment. If you can stomach the prices there's the overcrowding and if you can stomach that there's the yobs. Not good. Stay with your motorbike but be bloody careful on London's streets.

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where i live the costs are very high for transport, its £20 to get to london from where i live but we could just as well put £20 pound in petrol and drive there, its not really cheaper to get the train, sometimes its easier and faster but i think the prices on the c2c trains are too high.

And bus prices in essex are more expensive than the trains, it costs me £2.70 to get to southend which is around half an hour away by car but to go to my house from the station which takes about 5 minutes is the same price :/ and it's not like they come very often sometimes we can wait around half an hour for a bus, they're very unreliable.

In london anyone who is 16 or younger gets free travel on trains and buses and if your at uni you can get a free pass which lets you go on the trains and buses for nothing.

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