2p extra at the pumps overnight??

[v-twins]

WHHHHHY?!?!?!?!?!?!?

This is all very frustrating indeed.

[Starfighter]

Speculators on the futures markets.

[mcflurry]

Because oil is being used instead of nuke-clear power?

[Mr GrimNasty]

The more the press/chancellor talk about holding back future duty rises, the more the fuel companies get increases in beforehand to 'pilfer' the extra profit. It's the same with any subsidy/concession, taxpayers' money pours into big company profits and the consumer ends up paying more. When will they learn?

[Gwagon111]

It's more to do with the unrest in the middle east at the moment. The speculators seem more interested in things like grain and cereals at the moment. As soon as their interest picks up in oil and finished fuels again, prices will rocket.

[boredofmyoldname]

Mr GrimNasty said:

The more the press/chancellor talk about holding back future duty rises, the more the fuel companies get increases in beforehand to 'pilfer' the extra profit. It's the same with any subsidy/concession, taxpayers' money pours into big company profits and the consumer ends up paying more. When will they learn?

Not sure I understand you there, do you think a duty rise will earn the oil companies more money?

[edo]

I love the fact that the price of fuel, already refined shipped, delivered and in a tank under a petrol station can increase in price! Shame the reverse doesn't happen when the market price of crude drops eh?

[Prof Prolapse]

mcflurry said:

Because oil is being used instead of nuke-clear power?

"Nuke-U-Ler. It's pronouced 'Nuke-U-ler".

[RemainAllHoof]

http://futures.tradingcharts.com/chart/CL_/

[Mr GrimNasty]

boredofmyoldname said:

Not sure I understand you there, do you think a duty rise will earn the oil companies more money?

Don't be daft.

[Gwagon111]

RemainAllHoof said:

http://futures.tradingcharts.com/chart/CL_/

Noooooooo, candlesticks, bullish, bearish, shorting, bunds, arbitrage. I'm back at Cannon bridge in the eighties .

[Motorrad]

Next time it rains go outside and shout at it until it stops then post a thread on here telling us all about it.

[k-ink]

We don't really need a real time update on fuel prices. Yes they are going up. The price will be double todays at some point.

[RemainAllHoof]

Gwagon111 said:

RemainAllHoof said:

http://futures.tradingcharts.com/chart/CL_/

Noooooooo, candlesticks, bullish, bearish, shorting, bunds, arbitrage. I'm back at Cannon bridge in the eighties .

The point is that prices have been falling so I have no idea why pump prices are going up. Just below $100 isn't it?

[Gwagon111]

RemainAllHoof said:

The point is that prices have been falling so I have no idea why pump prices are going up. Just below $100 isn't it?

It's down to fuel wholesalers jacking their prices up ( only here in the UK not in Europe it would seem). It's called profiteering.

[Mr GrimNasty]

Gwagon111 said:

RemainAllHoof said:

The point is that prices have been falling so I have no idea why pump prices are going up. Just below $100 isn't it?

It's down to fuel wholesalers jacking their prices up ( only here in the UK not in Europe it would seem). It's called profiteering.

Exactly.

[RemainAllHoof]

Gwagon111 said:

RemainAllHoof said:

The point is that prices have been falling so I have no idea why pump prices are going up. Just below $100 isn't it?

It's down to fuel wholesalers jacking their prices up ( only here in the UK not in Europe it would seem). It's called profiteering.

Yes, we know this. It was more just proof that the price isn't going up in the markets.

[dave9]

yes but oil did go up $20 very quickly and we didn't see 10p at the pumps so some of this rise in oil is still filtering through sadly

[RemainAllHoof]

That's true. What is annoying is when it fell from $140 to $80, we didn't see it fall like that with a delay, and that's with GBPUSD going up, too.

[Willy Nilly]

Gwagon111 said:

The speculators seem more interested in things like grain and cereals at the moment.

They have finished playing with the price of cereals, wheat is down £35/tonne.

Japan, Middle east, strength of Sterling against the dollar, etc