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Petrol prices near record high

Petrol prices are back up to near-record levels, with a litre of fuel now costing 139.71p on average – within 3p per litre of the 142.48p per litre record set back in April this year.
The increase in cost at the pumps has come from soaring European refinery profits, now at a five-year high, according to the AA.
Report: are petrol prices being fixed?
OFT to investigate price of petrol
Diesel, too, has not been immune from this slow creep back towards an all-time high for fuel prices. A litre of the heavier hydrocarbons now costs 143.98p on average – 4p per litre shy of the mid-April record of 147.93p for a litre of diesel.
Just two months ago, petrol and diesel costs had fallen to a summer low of 130.81p and 136.12p per litre respectively. Since 1 July, a litre of petrol has risen in cost by 7%, while costs for the same quantity of diesel have grown by 5.5%.
As a result, the cost of filling a 50-litre fuel tank – the typical size for an average family car – has increased by a hefty £4.45, meaning a two-car family’s fuel expenditure will increase by roughly £18.90 per month, or £227 per year.
Recent inflation in fuel costs has also hit businesses hard – to brim an average 80-litre van tank will cost an extra £6.29 over what it did just 9 weeks ago.
AA president, Edmund King:
“Once again UK drivers find themselves being dragged over a barrel, as does business and Bank of England inflation targets.
“Last week, Government statistics showed that traffic on minor country roads fell by 5% – such was the impact of record high fuel prices on rural communities.
“Traditionally, the price of petrol falls off at the end of summer, which makes five-year-high refining margins pushing up pump prices a particularly bitter pill to swallow.”
Two debates into petrol prices will take place in Westminster this week following the announcement that the Office of Fair Trading will investigate forecourt prices after alleged “manipulation or distortion” of the oil price market and traders influencing values.
Report: are petrol prices being fixed?
OFT to investigate price of petrol
#Socialvoices: Don’t blame the oil companies for petrol prices – blame the government
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What I don’t get is that OUR Gov tell us that the VAT and Duty we pay for our fuel goes towards a better public transport system, Bus, Rail etc, better roads and so on. But look at the facts, S#it roads, S#it bus and train services that are so expensive its bordering on criminal theft. Where on earth is all our hard earned taxes going?
Three price rises at the pumps in a fortnight the rip off needs to be brought to a halt..
This goes for these european groups which are used as a reference of the worlds prices at the pumps in relation to ours, who do they think they are kidding?
Rural England 9, 15, 25, 36, 75 miles these are the distances one way we are required to travel against the miserly 3 mile it takes to get across the London area,
Ok the business people in the city can supply to the locality due to its small radius of operation.
which we do not enjoy here. Buses, Trains are not the answer neither as their capability to handle
the hardware is totally limited if not non existent, the trains find it hard to stop at various stations.But you have to get the materials there in the first place somehow without incurring further costs on your overheads ie vehicle to load the train another to meet the train to offload.The equation does not add up, these are not goods trains?
Remember Beechum who threw his toys out of the pram and dismantled our rail network we never did recover from that and that goes without saying that various interventions from ministerial sources that have meddled with the countries infrostructure have failed miserably.
Our haulier partners are having to stockpile the goods before they can move their vehicles out which means we could wait a fortnight or more before delivery if not longer. Free delivery exists providing you buy in vast quantities which incurs a stockpile of goods that could be out dated and obsolete in a short period of time as rules and guide lines change frequently. with updated products.
Customers want the work done yesterday!
Our food prices have esculated out of the roof through transporting overheads, I watch some oap
in the stores,they stumble up and down the isle unable to choose what to buy to survive for the
week it saddens me to think this is what it has come too. The savings they have is miniscule in comparison to the cost of replacing the roof of their house if lost during a storm as insurance premiums rocket they under value their properties to afford payments or have non at all.
The heating is off due to the oil prices being non affordable unless these people get a goverment subsidy for a winter fuel payment.some of these people hoard their money as they cannot work and deny thereself the rations they should be surviving on. they feed their pets better than themselves. This is the scenario in the true light.
We have a lot of unelected uninformed people who seem to think they are the answer to peoples
problems and welfare and lay their judgement on others, these belong to another planet.
Remember the Paralympics these people are the true world with their aids. Put these people into power and we will get the reality back in our lives.
Stamp the greed and corruption from this european mess the people did not create,it was a guided intervention of ministerial policies.
So mister minister do not blame the British workers we do more hours than our european partners with the heavy shackles around our legs while they bathe in the sun.
As a foot note it does not take two months to get info on the structure of the fuel industry in the UK
If thats the best they can do then sack who ever is responsible and get someone who is more proficient to do the job.
We are being pushed further and further towards civil disobedience.
Just come back from holiday in Spain. Petrol is quite a lot cheaper than Diesel>
WHY IN SPAIN NOT IN UK. ????????????????????
Three price increases on fuel in two weeks above the figure stated, stinks of greed and corruption.
We work the longest hours with these shackles round our ankles while our euro partner relish in the sun. the european market being used as a guide to the overall cost of fuel across the globe.
who you trying to kid? using that statistic.
The people did not create the major problem they were guided by misinformed non elected ministers making rash decisions the welfare across the UK in all its forms is under threat.
The older generation are being penalised for having savings which could be wiped out in one fair swoop if loosing a roof from their home they scimp and scrape like the rest of us under insured properties, if non at all .because of the heavy cost involved.
Short term winter fuel payment ? (heating switched off ).
When is all this silliness gone to end.
I will tell you, Remember the Paralympics and their aids, elect them into power to sort this country out. get rid of the muddlers and look at real people in a real world we live in.
God Bless Them.
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