1111
Apolitical
(lemmy.ml)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 08 Mar 2026
1111 points (100.0% liked)
Memes
55825 readers
498 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 7 years ago
MODERATORS
I’m into politics and it went up 9p per litre in the uk in a week.
Is that how the supply chain works that we have a weeks worth of oil at any time? Or did they raise the price sooner.
They go up as soon as there is any excuse to raise them.
They go up as soon as there's an excuse to raise them, and they don't go down until there lower prices are actually market value. Welcome to the OPEC scam.
Knowing about naked corporate greed being the source of 2/3rds of all inflation since 2020 is also politics. (The remaining third is due to input costs rising.)
This recent rise may also be due to the current US administration forgetting to stockpile petroleum before going to war.
They didn't, though. The US government took over Argentina for a reason.
10-14 days lag
https://ifamagazine.com/what-recent-developments-around-fuel-prices-could-mean-for-uk-businesses/
Businesses will seek to buy or reserve (futures trading) resources if there is a risk of supply chain issues or a price increase