Can somebody quickly tell me, in rough terms
why, if oil prices have been relatively stable since the end of 2008, why petrol prices are still going up?
( Kroney, Tue 12 Mar 2013, 15:23, 4 replies, latest was 12 years ago)

I can

( Windy Pig I'm naturally quite suspicious about the moon., Tue 12 Mar 2013, 15:25, Reply)

Would you?

( Kroney, Tue 12 Mar 2013, 15:30, Reply)

as far as I understand,
It's a percentage thing, so the majority of the price is tax and duty, so a very small increase of 10p in crude oil price means actually a whole lot more at the end of a hose when everyone's lumped their whatever percent on top.
Or not that.
( Windy Pig I'm naturally quite suspicious about the moon., Tue 12 Mar 2013, 15:36, Reply)

Because fuck you that's why.

(PsychoChomp, Tue 12 Mar 2013, 15:25, Reply)

This is probably what various answers will boil down to, yes.

( Kroney, Tue 12 Mar 2013, 15:26, Reply)

I swear I'd vote into power whoever admitted that.

( G/PP 💩💩💩💩💩&#128, Tue 12 Mar 2013, 15:29, Reply)

Because petrol prices aren't affected so much by oil prices, but they are affected hideously by duty levels.
And the government realised that we're the sort of daft twats that will keep paying high levels of duty without doing anything about it.
( b3th Not shit. Not mod., Tue 12 Mar 2013, 15:25, Reply)

Duty hasn't gone up either.

(PsychoChomp, Tue 12 Mar 2013, 15:25, Reply)

It has, but only a penny here, two pennies there.
Not by the 60p that petrol has climbed since 2008/2009.
( Kroney, Tue 12 Mar 2013, 15:26, Reply)

Has since 2008 I'm sure
Plus VAT is charged on the whole lot so any increase is multiplied, a tax on a tax.
(localboy purveyor of pisspoor puns, Tue 12 Mar 2013, 15:28, Reply)

We should have more fuel protests
like back in the day.

Remember how bad it was when fuel hit one pound a litre?
Fuck's sake.
( b3th Not shit. Not mod., Tue 12 Mar 2013, 15:29, Reply)

Waaah waaahhh waaah

(PsychoChomp, Tue 12 Mar 2013, 15:30, Reply)

Not a driver, huh?

( Kroney, Tue 12 Mar 2013, 15:31, Reply)

Nope, and it's because it's expensive and I don't need to.

(PsychoChomp, Tue 12 Mar 2013, 15:33, Reply)

Yeah, but I want something with a V6 in it.

( Kroney, Tue 12 Mar 2013, 15:34, Reply)

I want a 90 inch super HD LED TV
but I can't afford it, however I don't moan about it.
(PsychoChomp, Tue 12 Mar 2013, 15:35, Reply)

I do have to drive and I can't really afford that either.
Mostly because I'm paying nearly twice the amount at the pumps than I was five years ago, for no discernable reason.

We're not at peak oil, there is no shortage, the price per barrel is low and duty hasn't really increased enough to justify the price per litre on its own.
( Kroney, Tue 12 Mar 2013, 15:38, Reply)

I have a tinfoil hat friends who says we are at peak oil.
Then again, he says some other really weird shit, so I tend to ignore him...
( b3th Not shit. Not mod., Tue 12 Mar 2013, 15:40, Reply)

Depends on your source.
Peak oil is predicted somewhere between now and 2020.
( Kroney, Tue 12 Mar 2013, 15:43, Reply)

Upgrade your IP stack then

(localboy purveyor of pisspoor puns, Tue 12 Mar 2013, 15:36, Reply)

The fuel protests were when it went over 80p
You'd kill your mother to get hold of fuel that price now.
( tangledupinblue hairy badge with moving eyes, Tue 12 Mar 2013, 15:35, Reply)

Maybe yours.
Not mine.
( b3th Not shit. Not mod., Tue 12 Mar 2013, 15:41, Reply)

My last car ran on LPG, it was brilliant filling up for less than £50 :)
Sadly, it broke down and caught fire a couple of weeks ago (not because of the LPG, I hasten to add)
(Professor Kenny Martin Hmm? What?, Tue 12 Mar 2013, 15:45, Reply)

When I first got mine in 2002
a tankful of diesel was £35.
Golden days...
( b3th Not shit. Not mod., Tue 12 Mar 2013, 15:47, Reply)

I was working in London when I got my first car...
...and I used to fill up at an Esso station near Stratford, because it was only 59.9p per litre
(Professor Kenny Martin Hmm? What?, Tue 12 Mar 2013, 15:49, Reply)

Because oil prices have very little bearing on what's actually paid for oil
as far as I can see.

Also, because we have to pay for the Meerkans being fucktards over Deepwater Horizon somehow.
( the mighty badger Aphrodite, on a bar stool, by your side, Tue 12 Mar 2013, 15:32, Reply)

Do you reckon that's got something to do with it?
Or are you just being facetious?
( Kroney, Tue 12 Mar 2013, 15:34, Reply)

what, the oil prices thing?
I though all the oil companies did this shit through futures trading or sutin. I dunno.

Companies paying massive fines has a fair bit to do with it, aye
( the mighty badger Aphrodite, on a bar stool, by your side, Tue 12 Mar 2013, 15:36, Reply)

Comodities traders all bet the price will go up.
that makes the price go up.
(PsychoChomp, Tue 12 Mar 2013, 15:41, Reply)

Do companies not enter into contracts to buy oil at this higher price some time in the future, too?
Or do I imagine this kind of shit?
( the mighty badger Aphrodite, on a bar stool, by your side, Tue 12 Mar 2013, 15:42, Reply)

Well the commodity traders buy all oil production from 2015-2020 from one oil field
then split it up and sell it on for a profit, thats bought by hedge funds etc, they mix and match and sell it on for a profit, then other people do it again. By the time it's actually sold to the refiners a dozen people/entities have taken a cut.
(PsychoChomp, Tue 12 Mar 2013, 15:46, Reply)

Same with coffee/ores/corn anything that gets shipped around to be honest.
Middlemen are the problem.
(PsychoChomp, Tue 12 Mar 2013, 15:53, Reply)

To my incredibly uninformed mind
it seems that we must have the same conditions for natural, renewable energy production in Scotland that they have in Norway, so surely we could wean ourselves off fossil fuels in a matter of decades?
( b3th Not shit. Not mod., Tue 12 Mar 2013, 15:34, Reply)

You can't run a car off wave power
and don't give me that shit about electric cars. They're for girls and gays. I need throbbing pistons under my bonnet. I'm not gay I swear.
( Kroney, Tue 12 Mar 2013, 15:36, Reply)

I didn't necessarily mean cars
but if we ran our mains electricity from natural sources, there'd be more fuel around for petrol.
( b3th Not shit. Not mod., Tue 12 Mar 2013, 15:37, Reply)

We don't run powerplants on petrol.

(PsychoChomp, Tue 12 Mar 2013, 15:40, Reply)

But we do run them on oil, though?
Oil that could be used to make more (and therefore cheaper) petrol, if the power stations ran on something else.
( b3th Not shit. Not mod., Tue 12 Mar 2013, 15:43, Reply)

If we stopped being cunts about nuclear power everything would be fine.

( the mighty badger Aphrodite, on a bar stool, by your side, Tue 12 Mar 2013, 15:44, Reply)

I'd welcome nuclear power.
It's easily the best solution, but people are so fucking paranoid over it.
( Kroney, Tue 12 Mar 2013, 15:47, Reply)

I think they should just nationalise Nuclear power.
Run it as a non profit making out of the dept of energy and sell the electricity off to the private sector.
(PsychoChomp, Tue 12 Mar 2013, 15:47, Reply)

Why aren't we in power?

( b3th Not shit. Not mod., Tue 12 Mar 2013, 15:49, Reply)

In both your cases? Do you really want to know?

( the mighty badger Aphrodite, on a bar stool, by your side, Tue 12 Mar 2013, 15:49, Reply)

I'm too pretty for the Commons.

(PsychoChomp, Tue 12 Mar 2013, 15:50, Reply)

I'm too senile.

( b3th Not shit. Not mod., Tue 12 Mar 2013, 15:53, Reply)

You can run it off hydrogen.
Which you can get from electrolysing water.
(PsychoChomp, Tue 12 Mar 2013, 15:40, Reply)

If you need one teaspoon of hydrogen a year.
Which is a little low for our requirments.
( the mighty badger Aphrodite, on a bar stool, by your side, Tue 12 Mar 2013, 15:42, Reply)

We don't have anything like the hydro capacity
And most green energy in Norway is hydro.

Plus, we're obsessed by wind and wave/tidal power. Which is, to use a scientific term, "fucking shit"
( the mighty badger Aphrodite, on a bar stool, by your side, Tue 12 Mar 2013, 15:39, Reply)