Anonymous wrote:
gedmay wrote:
Geoff,
I want to look forward to at least 75p per litre. There 2p per litre is small beer on the face of it but they are posting huge profits year on year so that means an awful lot of 2p's.
A decrease in the price of oil usually takes 4 to 5 weeks to filter through but magically increases are almost instantaneous. Let us not forget that our annual ( if granted) fare increases are 12 months behind so we are constantly playing catch up. This creeping rise will cause us all a lot of problems and once again we are the ones left on the outside looking in. The airlines,trains, buses etc will all be passing on the extra costings to the passengers, we won't.
I absolutely detested Enoch Powells views on Race issues but I was reading through an old economic paper of his the other month and would you believe that he was advocating petrol at £1 per gallon to remove peoples dependancy on the car and thus our dependancy on the fluctuation in oil prices. Admittedly this was early 70's but there is nothing new under the sun.
Ged
the profits posted are on the refinery of oil, not retailing
if you close down retailing you are actually upping the cost at other retailing.
calculate the % of profit for bp, and calculate the litre discount, it will be hellish low, amd compare with our profits and what shell would make if they ran taxis.
I have just been reading the BBC website.
oil has dipped on the international markets today, Saudi Arabia is pushing to increase production by 2 million barrels a day, and OPEC are making noises about letting them.
if this was to happen we will be in the 78p zone then up to 80p when the chancellor sticks his 2 pence on.
lets keep our fingures crossed we might be OK
Geoff