No Taken The Petrol Cmpanies Long.

Discussion in 'Bulletin Board ARCHIVE' started by arabian_ian, Jun 24, 2016.

  1. arabian_ian

    arabian_ian Well-Known Member

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    Fuel prices all up next week.

    Wonderful
     
  2. Micky Finn

    Micky Finn Well-Known Member

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    Or the banks. Morgan Stanley moving 2000 staff from London to Dublin or Frankfurt. Still, it's going to be great for the economy. They said so.
     
  3. Tid

    Tidytyke Active Member

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    What did people expect?

    Oil is priced in dollars, sterling is down massively against the US$.

    This is the first of many of the 'benefits' to come from brexit.

    For all those that voted out on the basis of migration, just wait till the French remove British border controls on their side of the Channel...

    Bet the government won't get rid of VAT though!
     
  4. wakeyred

    wakeyred Well-Known Member

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    Yes, we are going to put a stop to immigrants coming from near Europe, with similar cultural outlooks and history, but it will do nothing to stop the huge influx of immigration which comes outside of the EU via marriage. Great plan.
     
  5. Mr Badger

    Mr Badger Well-Known Member

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    I thought there was supposed to be a long time delay in oil/petrol wholesale prices going up or down. They buy in advance don't they.
    Or is someone cashing in?
     
  6. arabian_ian

    arabian_ian Well-Known Member

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    Surely not.
     
  7. sadbrewer

    sadbrewer Well-Known Member

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    Mostly bought in advance..but a lot is traded on the Rotterdam Spot market though. So prices can be volatile.
     
  8. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    Thats really not that relevanr The price is set in dollars ans so is somewhat protected for fluctuations in the oil price
    This is a currency fluctuation though, the pounds they get are worth less than they were when the prices were agreed so to get back the dollar value of what they pay for the oil the price has to go up
     
  9. Abruzzo Red

    Abruzzo Red Well-Known Member

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    Could not agree more. Was looking forward to the government's ability to reduce VAT on fuel.......like that never generates much revenue for the government. As for the immigration through France, I now fully expect the French to relax controls to prove a point if nothing else!
     

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