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[robbo299]

Popped into my local BP garage tonight for some petrol. 2 days ago i was paying £1.27 per litre ( which was 2p a litre cheaper than my local Sainsburys petrol station! ) and tonight it had gone up to £1.35 per litre. When i mentioned the price hike to the cashier he just shrugged his shoulders and said " Libya i suppose mate." I understood that Libya only supplied 2% of the worlds oil needs and that also the Saudi`s had increased their production to cover any shortfall. I know oil prices have shot up but surely an 8p a litre increase is a bit of a rip off for us poor motorists. Anyone else experienced an increase over the last couple of days?

[Gaffers]

Yup for the last 6 years mate.

I was pondering over this the other day.  Before we invaded UN-Sanction-hit Iraq, they were selling oil on the black market, quite a bit of it in fact.  Both to the french and Russia, hence their reluctance to back the invasion.

Now that there is much less black market oil on the market the oil companies are free to spiral their prices as they wish.

Makes one sick

[Entwood]

The petrol you just bought was distilled from oil purchased a good few months ago, in the "futures" market ... companies buy oil now for delivery in x months. The price of oil on the market has leaped up due to uncertanties over the future. The companies therefore increase the price to fund the future purchase ... unless of course you don't want there to be any petrol in 6 months time

One day folks might realise there is no huge conspiracy by fuel companies .. it is a simple matter of supply and demand. well over 70% of the price is tax .. and nowt to do with the fuel companies.

If the fuel company puts 2 p on a litre the price will rise by 5 p due to the way the tax is worked out.

[feeutfo]

We are being shafted, no doubt about it.

[cem_devecioglu]

it was before 140$/barrel and we were not paying that much..

[tidla]

Popped into my local BP garage tonight for some petrol. 2 days ago i was paying £1.27 per litre ( which was 2p a litre cheaper than my local Sainsburys petrol station! ) and tonight it had gone up to £1.35 per litre. When i mentioned the price hike to the cashier he just shrugged his shoulders and said " Libya i suppose mate." I understood that Libya only supplied 2% of the worlds oil needs and that also the Saudi`s had increased their production to cover any shortfall. I know oil prices have shot up but surely an 8p a litre increase is a bit of a rip off for us poor motorists. Anyone else experienced an increase over the last couple of days?

im wearing purple pants.its a tuesday.or any other excuse to increase and never bring it down.