Now the price of oil has fallen by 25%, why have UK petrol prices fallen by just 5%?

I am not an economist, and I only got an O level in maths, but since petrol prices inflated by 30% over the last nine months due to the price of a barrel of crude (That went up to $135 a barrel), why is it that now the price of crude has fallen by about 25%, that the petrol prices in the UK have fallen by little more than 5%? I mean, surely if the price goes UP with crude, surely it must come DOWN buy a similar amount? Or am I just an old cynic who believes that the fuel companies are just creaming the vast majority oif us and there is absolutely sod all we can do about it?Now the price of oil has fallen by 25%, why have UK petrol prices fallen by just 5%?
Cos the garage forecourts are thieving b*stards





They know we get ';used'; to paying a certain price then they reduce by the odd penny or so, and rip us off.Now the price of oil has fallen by 25%, why have UK petrol prices fallen by just 5%?
Within the last few weeks (since the Russian/Georgian War) the value of the dollar relative to many world currencies has increased. Because the dollar has increased in value relative to the British Pound and because crude oil is priced in dollars the fall in the price of petrol, or gasoline as we call it, will be less pronounced in merry old England.
We have some what of a deal with are oil supplier so that is why are oil and gas have be cheaper than, most nations in Europe.
Partly because the fall in oil price is in US dollars and the UK pound is losing value against the US dollar. But mostly because the supplying and distributing companies wish to maintain ever increasing profits.
Strange that ! You've got to understand that in the UK that the largest component of the price is tax - that doesn't vary when the oil price drops.
I think the dollar has strengthened relative to the pound recently which may account for part of it. The old cynic part of you is probably right to a degree as well.