The BS of petrol pricing

[BLUEYBA]

Originally Posted by minheim

When petrol prices jump you are seeing the discount through competition disappearing and the price returning to the top of the price cycle. It is not a move up from where it would/should be but rather a return to where it would be but for stronger competition pressures.

As for a fixed price, that would see prices set at a higher average price than a cycle produces.

Unfortuneately, Oil is in demand world-wide and is demand is only growing as standards of living rise in many countries (particularly China and India). On top of that the Middle East is unstable and older fields are being drained.

If there was any easy solution one of the political parties would have jumped on it.

Do you realise they recently found huge reserves of oil. Its not in the middle east but in Africa