Don't just blame the politicians, blame the bankers too. Oil hit the record high back in May and OPEC were pressured by the major governments to drop the price by releasing millions more barrels of oil a month onto the market. The price dropped, and banks immediately speculated by buying up the cheaper stock, and telling the tankers shipping it to pull up and drop anchor. As stocks again started to deplete, the price rose and the speculators started dribbling oil back onto the market slowly to maintain the high price and guarantee profits on their investments. Unless all the worlds governments and OPEC can come up with a way to stop speculation on oil, this situation will only get worse. I doubt there is anything can or will ever be done.

 

When I see garages around here which can sell it for £1.31 compared with all the other very much higher prices, than I can only assume we are as ever being ripped off!

Les

 

Well looking on the bright side the high petrol price stopped the government putting another 5 pence a litre of tax on earlier in the year!

on the downside as said above i dont go out at weekends and have in effect had to give up almost all my hobbies as they required traveling to events and competions up and down the country and i cant now afford the petrol compared with a couple of years back.

 

Read recently its about 8p a litre in Egypt and the likes

WTF

 

This is a Venezuelan pump and the price equates to $0.085, or 5.5p a litre.

 

Exactly! Yet the thick ***** in the government don't get this!