Is the reason there are no reductions or any competition to bring prices down anymore because the government didn’t reintroduce the fuel competition law they suspended during the panic buying crisis last year? Why are the big supermarkets so happy to rip us off when they would always bring prices down before.
I don’t get why we are pushing to cut fuel duty. Sure it’ll help with the cost of living but thats less tax to go towards hospitals, benefits etc. Keep it the same but massively increase the tax made on the profits. That means lower costs, more tax and fuck the companies!
I think rampant inflation and the fact that pound isn’t worth as much might have something to do with it. As well as corporate greed of course.
It’s the same old story, moment wholesale costs go up, so does the fuel (even though they buy it in advance to some degree) but it always takes ages to come back down again after.
Blatant profiteering.
If you bung the tories enough money, you can charge what you want.
Can’t wait to see those who were adamant that there was no price gouging occuring, citing higher wholesale prices, to explain this then.
And once again, the government sits around doing sweet FA. I expect a cut that doesn’t match the sharp rise at all but a portion of the population will be vocal in it being better than nothing.
What’s the betting if these big companies get a rumour that the tax on fuel might be cut .they put the price up again on Tuesday night
Why do none of these inflation articles mention loose fiscal policy, increased monetary supply & quantitative easing from central banks and governments?
If you spend 2 years creating billions of new pounds a week and issuing them willy nilly then obviously the pre existing pounds are going to be less valuable.
Economic journalists (who presumably know a little bit about economics) blaming it on pay rises or a war that started 3 weeks ago are being completely disingenuous.
What I wonder about is why journalists who clearly know better write this stuff?
I just found an article confirming that ever since Asda was taken over they no longer care about keeping the price down and the era of the supermarket price war has ended.
Makes sense as the Asda in my town is actually the most expensive in the area even Esso and Shell are less. Never thought we would see that.
It is the last days of Rome, half the country are living like slaves and anyone that can fill their boots at somebody else’s expense does so.
Yeah because we’re being raped financially, it’s got little to nothing to do with the market they’ve just decided they want more for the same.
And it won’t go down, the greedy fat cats only care about one thing. And it’s not the customers.
The craziest part of all this is that most people think it’s because of the Russian invasion.
Why lower the price of something you can’t curtail your consumption of? That’s essentially the logic they’re working off. The reason for the rise was clear, the outrage for not reducing the price is harder to justify immediately.
What I’ve learnt recently is if the price of anything essential goes up it will rarely drop back down, if it does it will settle at a higher price than it’s original.
Isn’t maximizing profits just a form of greed, I mean where does one end and the other begin?
This is some dumb shit. There is a lag between spot oil prices and forecourt pump prices that is generally around 1-2 weeks.
Pump prices will follow the ‘wholesale’ cost down in the next week or two.
Gotta make those sweet dividends (and of course around 60% of it is tax, and tax upon tax!)
17 comments
Is the reason there are no reductions or any competition to bring prices down anymore because the government didn’t reintroduce the fuel competition law they suspended during the panic buying crisis last year? Why are the big supermarkets so happy to rip us off when they would always bring prices down before.
I don’t get why we are pushing to cut fuel duty. Sure it’ll help with the cost of living but thats less tax to go towards hospitals, benefits etc. Keep it the same but massively increase the tax made on the profits. That means lower costs, more tax and fuck the companies!
I think rampant inflation and the fact that pound isn’t worth as much might have something to do with it. As well as corporate greed of course.
It’s the same old story, moment wholesale costs go up, so does the fuel (even though they buy it in advance to some degree) but it always takes ages to come back down again after.
Blatant profiteering.
If you bung the tories enough money, you can charge what you want.
Can’t wait to see those who were adamant that there was no price gouging occuring, citing higher wholesale prices, to explain this then.
And once again, the government sits around doing sweet FA. I expect a cut that doesn’t match the sharp rise at all but a portion of the population will be vocal in it being better than nothing.
What’s the betting if these big companies get a rumour that the tax on fuel might be cut .they put the price up again on Tuesday night
Why do none of these inflation articles mention loose fiscal policy, increased monetary supply & quantitative easing from central banks and governments?
If you spend 2 years creating billions of new pounds a week and issuing them willy nilly then obviously the pre existing pounds are going to be less valuable.
Economic journalists (who presumably know a little bit about economics) blaming it on pay rises or a war that started 3 weeks ago are being completely disingenuous.
What I wonder about is why journalists who clearly know better write this stuff?
I just found an article confirming that ever since Asda was taken over they no longer care about keeping the price down and the era of the supermarket price war has ended.
https://www.cityam.com/fuel-retailers-ease-competition-as-profits-rocket/?amp=1
Makes sense as the Asda in my town is actually the most expensive in the area even Esso and Shell are less. Never thought we would see that.
It is the last days of Rome, half the country are living like slaves and anyone that can fill their boots at somebody else’s expense does so.
Yeah because we’re being raped financially, it’s got little to nothing to do with the market they’ve just decided they want more for the same.
And it won’t go down, the greedy fat cats only care about one thing. And it’s not the customers.
The craziest part of all this is that most people think it’s because of the Russian invasion.
Why lower the price of something you can’t curtail your consumption of? That’s essentially the logic they’re working off. The reason for the rise was clear, the outrage for not reducing the price is harder to justify immediately.
What I’ve learnt recently is if the price of anything essential goes up it will rarely drop back down, if it does it will settle at a higher price than it’s original.
Isn’t maximizing profits just a form of greed, I mean where does one end and the other begin?
This is some dumb shit. There is a lag between spot oil prices and forecourt pump prices that is generally around 1-2 weeks.
Pump prices will follow the ‘wholesale’ cost down in the next week or two.
Gotta make those sweet dividends (and of course around 60% of it is tax, and tax upon tax!)