City Traders to be investigated over Oil price fixing.

Cantona's Collars

Not sure if we'll benefit from any knock-on effect here but I'm glad something is going to be done as a whistleblower has lifted the lid on how traders are keeping fuel prices artificially high in order to make massive profits on the markets in the UK.

http://www.dailymail.co.uk/news/article-2202994/Victory-petrol-price-campaign-Government-orders-probe-City-traders-driving-cost.html

As we blame everything from shortages,Syria,exchange rates-it seems that traders are fixing the markets for their own benefit while we pay through the nose for fuel.

Lemming

Every other week it seems that the pump prices rise by one or two pence; occasionally you see a staggering jump like the nearest station to me jumping sixpence over night on Diesel a couple of weeks ago (others rose just one or two pence by contrast).

It's been a non-stop rise for the last couple of years, with the only significant drop this year being the price war that the supermarkets engaged in forcing everyone else to drop their prices to match. That all ended about a month ago and then without fail; rise rise rise.