Fuel prices rigged for the last 10 years

[Gym Beglin]

http://www.telegraph.co.uk/motoring/news/10058634/David-Cameron-deeply-concerned-if-petrol-prices-driven-up-by-price-fixing.html

 

Not a secret, let'e be fucking honest.

 

But the interesting thing is that there seems to be a genuine intent to ask questions, and the power play between big oil and government is going to be worth keeping an eye on.

 

Shocking this bit:

'Politicians and experts are today asking why the Office of Fair Trading said the petrol market is "working well" in January, only for European regulators to launch an investigation into oil prices this week.'

 

That raises a lot of very uncomfortable questions about the OFT, and many other government departments, to be honest.

[redheart]

The price of petrol at the pumps has not been rigged.

 

The benchmark price of oil might have been but that is different and has little effect on petrol prices

[VladimirIlyich]

The price of petrol at the pumps has not been rigged.

 

The benchmark price of oil might have been but that is different and has little effect on petrol prices

 

So that rise isnt being passed on to consumers at the pumps then?

[Gym Beglin]

It is not yet conclusive that pertol prices have been affected by this.

[VladimirIlyich]

It is not yet conclusive that pertol prices have been affected by this.

 

Not conclusive? Ha.

[Dan Vito Corleone]

Throw the key away.

[redheart]

The manipulation of the benchmark price would have to be absolutely astronomical to have even a small impact on Petrol Prices

[Duncan Clench]

Fill your car up with something else then, petrol companies tell public

[Lurtz]

THE high cost of petrol may not be caused by poltergeists, it has emerged

 

 

Oil companies had insisted that fuel prices were high because of mischievous ghosts who lived in petrol pumps and could only get into heaven by increasing the cost of living.

 

And before the discovery of the first haunted forecourt, the companies said the price was dictated by ‘international moods’ or an algorithm based on the number of carbon molecules per litre, multiplied by the square root of the weather.

 

But now it has been claimed that the price of petrol is based on oil executives all agreeing to charge the same large amount of money.

 

Julian Cook, professor of price deciding at Roehampton University, said: “We can’t rule out ghosts just yet, but the idea that the price could be based on whatever they all want it to be is worthy of further inquiry.”

 

But Professor Cook said that any price fixing by the oil companies would have been incredibly complex and would have had to involve three key factors:

 

The desire to make vast amounts of money;

 

Unbridled contempt for the public;

 

And a series phone calls or emails.

 

He added: “At this stage it is no more than a theory that these three factors could even co-exist.

 

“For the time being, always remember to carry your your anti-poltergeist triangle.”

[Flying Pig]

About 6 years ago the price of fuel increased massively over a few months. I remember filling up in Hemel Hempstead and was gutted that it was £1.25 for a litre of diesel. But in the 6 years since its gone up by approx 11p per litre, which is not a great increase over 6 years.My opinion is the public were told this increase was due to the economic collapse etc..blah blah blah... and the petrol companies were happy to reap the rewards but have realised the public cannot afford much more and have slowed down the increases, unless they want a full scale meltdown.

 

Basically its all corrupt and we are all paying for our government not having the balls to stand up to them as well as a ridiculous taxation.

[Lurtz]

About 5 years ago we* were moaning on here about paying £1.20 a litre of diesel. Prices have gone up abuot 16% in the last five years. How's that compare against other figures, like the cost of crude, the cost of processing and other stuff? Seems a bit fucking steep to me.

 

 

 

*Well, I was.

[Dan Vito Corleone]

The whole country is as a corrupt as fuck.

[ZonkoVille77]

The whole world is as a corrupt as fuck.

 

Fixed that.

The sooner the better they fuck off Petrol and allow us to use Thorium batteries the better. Fucking cunts.

[Flying Pig]

About 5 years ago we* were moaning on here about paying £1.20 a litre of diesel. Prices have gone up abuot 16% in the last five years. How's that compare against other figures, like the cost of crude, the cost of processing and other stuff? Seems a bit fucking steep to me.

 

 

 

*Well, I was.

 

The oil companies are constantly testing the water as to what to public will pay by constantly increasing and decreasing (slightly) the cost of fuel. It's not a matter of what it costs to produce as we are told, its what us soft arses agree to pay. The Govt won't intervene due to the massive tax they earn from it. Gangs of corrupt cunts. I'd love to live close to work and fuck of my car.

[Bobby Hundreds]

What about dylithium crystals are we at that point yet. Countries are just corporations out to fleece everybody we need rope and lots of it.

[JagSquared]

Nobody important (if anyone) will end up in jail just like in the financial and press scandles In recent years. Its a massive waste of time as the ones with power wont notice anything.

[Stu Monty]

It's hardly a surprise that organisations happy to allow their pipes to explode and their tankers to devastate whole communities (it cheaper to just let it happen and pay the fine than actually sort the problem) will plot to fix prices.

 

The petroleum industry will be kicking itself this morning that they haven't invested billions in campaigns for politicians down the years to align them to their own self-interest and against that of the wider planet. Silly mistake that one.

[Section_31]

I'm astounded.

[Strontium]

The real price-fixing is done by OPEC, of course.