Oil at $111 per barrel?

Question

why can't prices on the forecourts drop in parallel

Answer 1

Maybe they paid a more for the fuel they are selling now. It may take a while to filter down, Although I'd imagine its just because they're not too eager to cut the prices relatively because they're making a nice tidy profit - people are used to pay X for it, let it rest at that for a while.

It's only really when other competitors drop their prices when it really goes down.

Answer 2

Theyre very quick to put up the prices on the forecourts.  We may well be using the more expensive oil at the moment but I wonder if they will drop back down in a month or so when we're using the cheaper oil then?

Answer 3

Good question, they are dropping slowly here in Ireland but nowhere near as fast as they shot up in June/July. Its not right the petrol companies make such a profit by not dropping prices.  

Answer 4

time to cash in LEGITE for the retailers and the gov.