Quote Originally Posted by MadAmster View Post
Indeed, that it happens is logical. BP pump up the oil. It gets sold on the open market at the market price of the day. Costs BP the same to pump a gallon out of the ground. Brent crude averaged around 66.60 USD in January 2026, today it's 111 USD. Accident of circumstance has seen the price per unit of Brent crude increase by 2/3 (66%). I'd be surprised of BPs, and all the other oil producers' profits, hadn't greatly increased.

The market works for those few trading on the market. The rest of us pay the price. I think such accidental profit hikes should attract high levels of tax. Conversely, if a different accident caused lower profits then that year's tax should be adjusted downwards. A bit like Inshared Insurance profits, according to their ads... we all benefit.
What’s worse is that BP is my petrol station of choice. Locally, i.e. Ashbourne and Pride Park, they seem to have stuck around the 1.55/56 pl mark whereas others have been selling at 10/12p more pl so God knows how much they’re making. I’m sure there was a term for such people during WWII.