Reply To: So most areas have fuel, so the prices can go down now, right?

#166304
Rene
Participant

    Reality is that the petrol prices have nothing (or not much) to do with whether or not there’s shortages in a few select regions.

    https://tradingeconomics.com/commodity/crude-oil

    This is the reason. The petrol price is tied to the crude oil price, as long as that doesn’t come down, petrol prices won’t come down.

    It’s not like petrol prices were cheap the day before the “crisis”.

    https://www.racfoundation.org/data/uk-pump-prices-over-time

    edit: that’s not to say that they’re not milking it. Point is more that “the crisis” barely had an impact on petrol prices overall. Maybe at a few stations where they jacked up the price due to demand, sure – but not for the most part.

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