Why the recent petrol price increase?

Sizzler

Sorry if this has been covered (had a look and couldnt see recent thread)

Local Topaz was 93.9 last weekend when all the other Topaz's were 96.9. (2 of them within 3 mile radius)
The same Topaz has now gone to 98.9 and the others are 100.9....WTF?

I'm listening to 'experts' day after day on the radio saying "shop around" which is grand because most people do, BUT is the above just taking the p*ss, doesnt seem to be any reasonable explanation but a sneaky few cent profit margin

Stark

No justification for it considering oil is still around $40 a barrel and the pump prices haven't dropped that much since it was $100+

Cookie_Monster

Oil was around 35-38 at christmas triggering the price drop. It then went back up to 48 for a while which is the reflected increase you see at the pumps now. Its now back down around 35-36 so in a few weeks this should be reflected with lower prices again

Davidth88

I had noticed it and wondered the same

FuzzyWuzzyWazza

did it not go up in the new year due to a increase in the budget??

L1011

No, all budgetary increases happened before the new year.

The price hike is lag from when the oil went up for a while.