2p extra at the pumps overnight??
Discussion
1 barrel = 159 litres. The yield to gassoline / dericatives is around 30% to 1 barrel makes around 47 liters of fuel. The remaining 70% of the barrel is still used on other products which will also increase in cost.
Setting asside the costs of production / distribution then a $10 increase in the raw material price SHOULD equate to around $0.06 per litre increase in the product cost or around 4p per litre and about 4.8p including the VAT.
Brent was around $85 per barrel at the start of December, about $95 at the start of December and is around $115 now.
Setting asside the costs of production / distribution then a $10 increase in the raw material price SHOULD equate to around $0.06 per litre increase in the product cost or around 4p per litre and about 4.8p including the VAT.
Brent was around $85 per barrel at the start of December, about $95 at the start of December and is around $115 now.
Starfighter said:
1 barrel = 159 litres. The yield to gassoline / dericatives is around 30% to 1 barrel makes around 47 liters of fuel. The remaining 70% of the barrel is still used on other products which will also increase in cost.
Setting asside the costs of production / distribution then a $10 increase in the raw material price SHOULD equate to around $0.06 per litre increase in the product cost or around 4p per litre and about 4.8p including the VAT.
Brent was around $85 per barrel at the start of December, about $95 at the start of December and is around $115 now.
Star fighter - what are you doing man?Setting asside the costs of production / distribution then a $10 increase in the raw material price SHOULD equate to around $0.06 per litre increase in the product cost or around 4p per litre and about 4.8p including the VAT.
Brent was around $85 per barrel at the start of December, about $95 at the start of December and is around $115 now.
You sound like you know what you're talking about, yet you're posting on a pistonheads thread about fuel prices?
I don't come here for logic!
Ian
nouze said:
Funny how pump prices react instantly when crude oil futures go up but they don't react in the same instant way when futures go down.
this does seem to me to be one of the main problems in the UK - from experience in the US the pump prices there go up *and* down noticeably within days of changes in the oil price. Prof Prolapse said:
"Nuke-U-Ler. It's pronouced 'Nuke-U-ler".
I thought it was pronounced "NU-Cle-ar" Pronunciation Nazi Gestapo ACHTUNG!
Oil prices drop, fuel price goes up? How on earth does that work, Crude is cheaper to buy, so the consumer pays more? More like another conservative stealth tax.
ETA: Brent, yes... That explains it
What an excellent thread, we are now justifing, and finding good reason for a random increase in fuel prices.
"Shoomh..............., what was that" ?
"Oh, just the end of the fuel price protests".
"Never mind, couldn't be ars*d anyway, it'll be back to a £1/litre by Xmas, once the Muzzies have sorted themselves out".
"Shoomh..............., what was that" ?
"Oh, just the end of the fuel price protests".
"Never mind, couldn't be ars*d anyway, it'll be back to a £1/litre by Xmas, once the Muzzies have sorted themselves out".
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