just filled up 122.9 at local tesco

due to the government continually reshuffling more than a poker dealer who do we contact to get the price down at the pumps

due to the government continually reshuffling more than a poker dealer who do we contact to get the price down at the pumps

As the price of oil falls why are we still paying £1.20 for diesel at the pumps???????????????????

http://www.oil-price.net/

Because you don't buy crude oil at the pumps, you buy refined products. Shortages in refinery capacity (e.g. maintenance) can increase the prices.

Also don't forget that oil is usually bought in a "futures" market, say, 2 months in advance, at the "expected" future price, not the "spot" price at the time.

because they are all a set of spivs

With the Global Economy grinding to a halt, I wouldn't be too surprised if the demand for oil falls even further.

So why did the pump price go up so quick?

Because the futures prices don't change in quite the same way as the spot prices. Rising spot prices are likely to trigger similar increases in futures prices. However the futures prices may not necessarily follow falling spot prices, unless the downward trend continues for some time.