Sod it.. now Bulb has gone

[andyBeaker]

And pay through the nose for it.. Apart from a two day blip Crude has been slowly dropping all month. while pump prices continue to rise

I generally agree with your sentiment John but it’s not the price of crude today that affects today’s price, it’s the price that has been contracted in the past for the future in the derivatives market. Which operates in the past but the future at the same time oh it’s too blooming complicated for me….

 

[Jaws]

I generally agree with your sentiment John but it’s not the price of crude today that affects today’s price, it’s the price that has been contracted in the past for the future in the derivatives market. Which operates in the past but the future at the same time oh it’s too blooming complicated for me….

So we are subject to the futures market,, Yet when crude rises the pump price rises within HOURS !!!