Contact Forum Editor

Send an email to our Forum Editor:

PLEASE NOTE: Your name is used only to let the Forum Editor know who sent the message. Both your name and email address will not be used for any other purpose.

Speakers Corner

It's free to register, to post a question or to start / join a discussion

View Forum Rules | Contact Forum Editor

 

AA calls OFT report on Petrol Pricing "a whitwash"

1 3 4 5 next »

SillBill

Likes # 0

Posted January 30, 2013 at 7:57PM

I tend to agree with the AA on this, when the government rakes in 60% of the price in Duty and VAT, what is there left to play around with? Although the Oil companies are not squeaky clean either, falling crude prices don't make their way to the pumps as fast as when crude prices go up.

Like this post
Aitchbee

Likes # 0

Posted January 30, 2013 at 8:53PM

Smoke 'n' Mirrors 'n' Rockets 'n' Feathers are called to [my] mind [TIC].

Like this post
Bing.alau

Likes # 0

Posted January 30, 2013 at 9:08PM

It's too regular not to be a whitewash. If only we could all stop using the damn stuff for a week or two. (A sort of strike by the customers). That might make them think.

The way it's going it shouldn't be to long before the truck drivers etc., will have had enough and block the roads. Then again we aren't French are we?

Like this post
fourm member

Likes # 0

Posted January 30, 2013 at 9:09PM

Given that the easy way out would have been for the OFT to say it wasn't able to reach a conclusion so it was passing it to the Competition Commission to look at, I'm happy that the OFT knows what it is talking about.

Like this post
SillBill

Likes # 0

Posted January 30, 2013 at 9:14PM

fourm member

" There is little evidence to suggest that when crude prices fall, pump prices are slow to come down" Yep, OFT knows what it is talking about!

Like this post
Aitchbee

Likes # 0

Posted January 30, 2013 at 9:21PM

The Rocket & Feather effect, 'percieved' by people who run cars, is that petrol prices tend to go up 'like a rocket' when the price of crude oil goes up, but petrol prices [at the pump] tend to go down 'like a feather', if the oil market [price of oil] plunges.

Like this post
Aitchbee

Likes # 0

Posted January 30, 2013 at 9:25PM

Smoke & Mirrors are self-explanatory.

Like this post
SillBill

Likes # 0

Posted January 30, 2013 at 9:25PM

Aitchbee

We can be thankful then, that OFT hasn't heard of the R & F effect.

Like this post
SillBill

Likes # 0

Posted January 30, 2013 at 9:38PM

My "perception" as I hand over another £80 at Tesco's filling station is that I'm being ripped off by A) The Government and B) The Multi National Oil companies.

Like this post
Aitchbee

Likes # 0

Posted January 30, 2013 at 9:52PM

I would conclude, SillBill, that your powers of observation are 'topnotch'.

Like this post
Quickbeam

Likes # 0

Posted January 30, 2013 at 9:55PM

My perception is that I'm just simply ripped off...

Like this post

1 3 4 5 next »

Reply to this topic

This thread has been locked.



Check out PC Advisor's other tech forums

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story. Both your name and the recipient's name and address will not be used for any other purpose.