Fuel prices and profits

[macafee2]

Seen a slight dip in fuel prices but is anyone surprised by this?
https://www.youtube.com/channel/UCoM...HIel-uISj_a7ig

or this

https://www.theguardian.com/business...ading%E2%80%9D.

Earlier in the year I said lets see what their profits are.

I do not normally suggest the government step in but I think on fuel prices, the government should force fuel companies to lower the retail price when profits are so high.

I am not surprised but angry as I feel I have been lied to


macafee2

[Borg Warner]

One could always look on the bright side; pensions doing OK.

Greed is good as they say, but this is truly obscene. Unfortunately we have a government in limbo so not expecting them to say or do much.

But I live in hope.

[Lancpudn]

Are we in for more price hikes when the Russian sanctions kick in in mid December?, Seeing some articles warning of shortages & rationing especially diesel. 90% of sea bound shipments from Russia will be banned & two months later in Feb 2023 all refined oil products will be banned. Lots of contingency plans going on in the EU were over 140 million diesel cars alone relied on Russian diesel.

[Phil th Barrow]

Yes th poor pensioner will hopefully get a well deserved rise... Lets hope th young wont want to kill us off early with a poor NHS National inn scription.... ("This is how th war started") ;-)

[roverbarmy]

And there's more:-
https://www.bbc.co.uk/news/business-62382624

[another_clean_sheet]

Originally Posted by macafee2

.

I do not normally suggest the government step in but I think on fuel prices, the government should force fuel companies to lower the retail price when profits are so high.

I am not surprised but angry as I feel I have been lied to
macafee2

It is not as simple as you imply. It depends on where the oil companies make their profits. Companies like Shell or BP are not allowed to cross subsidise their various activities. This is to stop them artificially reducing fuel prices where the profit is made in exploration so as not to put other companies who only sell fuel out of business or kill off supermarket fuel sales where they do not have this option.

[Borg Warner]

Originally Posted by another_clean_sheet

It is not as simple as you imply. It depends on where the oil companies make their profits. Companies like Shell or BP are not allowed to cross subsidise their various activities. This is to stop them artificially reducing fuel prices where the profit is made in exploration so as not to put other companies who only sell fuel out of business or kill off supermarket fuel sales where they do not have this option.

Shell have an arm that sells the fuel. It has, apparently, been making a loss. If they started to subsidise them it would have all sorts of issues going forward.

No idea of the solution to all of this and is only going to get worse. The figures to set the next price cap are what the price of gas is at present.

Folks really aren't going to be able to use the stuff and businesses are going to go bust.

Putin doesn't need to do anything other than carry on with what he's doing. Gas is his weapon of choice.

[KWIL]

Originally Posted by Phil th Barrow

Yes th poor pensioner will hopefully get a well deserved rise... Lets hope th young wont want to kill us off early with a poor NHS National inn scription.... ("This is how th war started") ;-)

Phil,
I think the pensioners refererred to are those whoes funds are invested in Shell, not state pensions which are not funded.

[MSS]

Originally Posted by macafee2

Seen a slight dip in fuel prices but is anyone surprised by this?
https://www.youtube.com/channel/UCoM...HIel-uISj_a7ig

or this

https://www.theguardian.com/business...ading%E2%80%9D.

Earlier in the year I said lets see what their profits are.

I do not normally suggest the government step in but I think on fuel prices, the government should force fuel companies to lower the retail price when profits are so high.

I am not surprised but angry as I feel I have been lied to


macafee2

As someone who holds shares in companies not doing so well, I would like the government to use taxpayer money to compensate me for my losses.

It should work both ways, surely?

Why do people in the UK despise shareholders being rewarded when a company does well but call it a 'risk of dealing in shares' if a company makes losses?

[Phil th Barrow]

Originally Posted by KWIL

Phil,
I think the pensioners refererred to are those whoes funds are invested in Shell, not state pensions which are not funded.

Arnt alot of private or none private pensions linked to oil. I thought th bigger th slush fund th more stable they are.