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

[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.

[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.

[planenut]

If one needs to make a journey, then fuel is needed. I had to do that on Monday, so popped in to my local Tesco ( always the cheapest) for a dose of E5 at £190.9 per litre, Tuesday, it dropped to £183.9, doh!

[Borg Warner]

Shell:

https://money.cnn.com/quote/sharehol...=institutional

BP:

https://money.cnn.com/quote/sharehol...=institutional

[wraymond]

All of the pension providers in every company and enterprise have committed gamblers of varying expertise and experience who invest heavily right across the share/dividend markets.

Their portfolios contain stars (and duds - until proven otherwise). Actuaries have preferences based on a combination of their personal opinions and experience and are extremely competitive but are governed by their Boards. Basically, they are sheep being chased by a dog called Lossie. So they, well nearly all of them, run in the same direction.

The mavericks amongst them never ever use their own money, but rely on those with funds to gamble with and hope for massive gains. They have ample funds to take a chance with. Every pension provider has a mix of these wizards and their results ultimately guide the pension departments of the companies and enterprises that actuarily, now there’s a relevant word, govern pension payments. In short, a high stakes game of Poker. And, as ever, every game has a pig in it.

Right at the end of this serpentine money trail lies the pensioner. The only part of it that has no control or input. But plenty of crumbs.