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DiscoStu
10th October 2008, 12:01
OK, so I realise a large part of petrol prices is tax, but there's something I don't understand.

How come when crude was $140 a barrel I was paying £1.30 per litre of diesel, and now it's just over $80 I'm now paying £1.20 per litre of diesel?

Is it the oil companies screwing me or the government or both?

DimPrawn
10th October 2008, 12:02
OK, so I realise a large part of petrol prices is tax, but there's something I don't understand.

How come when crude was $140 a barrel I was paying £1.30 per litre of diesel, and now it's just over $80 I'm now paying £1.20 per litre of diesel?

Is it the oil companies screwing me or the government or both?

Both. And I'm screwing your girlfriend. :wink

DiscoStu
10th October 2008, 12:03
Both. And I'm screwing your girlfriend. :wink

Please remember to give her a rinse out when you're done, it's a pain having to disinfect all that rubber and latex.

DS23
10th October 2008, 12:12
:rollin:

Dundeegeorge
10th October 2008, 12:13
Please remember to give her a rinse out when you're done, it's a pain having to disinfect all that rubber and latex.

only a couple of inches, shirely? A wet-wipe would do the job, no?

DiscoStu
10th October 2008, 12:16
only a couple of inches, shirely? A wet-wipe would do the job, no?

There's all the dried up saliva too :sick

Cyberman
10th October 2008, 12:19
OK, so I realise a large part of petrol prices is tax, but there's something I don't understand.

How come when crude was $140 a barrel I was paying £1.30 per litre of diesel, and now it's just over $80 I'm now paying £1.20 per litre of diesel?

Is it the oil companies screwing me or the government or both?


Apparently diesel comes from Mexico and there is a world shortage currently because so many car owners have bought diesels. This was in the Mail on Sunday. I still have a petrol car... PHEEEEW!!!!.............. SMUG:happy

Bob Dalek
10th October 2008, 12:21
Both. And I'm screwing your girlfriend. :wink

The 3-timing cow!

gingerjedi
10th October 2008, 12:22
I read somewhere that petrol should have been around 90p per litre by now but because oil is priced in dollars and the pound has dropped in value against the dollar the pump price remains high.

Whoever decided that oil should be priced in dollars is screwing you.

Bagpuss
10th October 2008, 12:35
OK, so I realise a large part of petrol prices is tax, but there's something I don't understand.

How come when crude was $140 a barrel I was paying £1.30 per litre of diesel, and now it's just over $80 I'm now paying £1.20 per litre of diesel?



You may have noticed there was a tipping point where oil was rising and petrol prices fell slightly. People were cutting back on consumption, the limit of the inelasticity of demand must of been hit for the first time in years. Now as it's falling the price is sticking pretty rigid. What a bunch of theiving expletive deleteds

DimPrawn
10th October 2008, 12:45
When oil prices rise, the petrol retailers stick the price up within hours.

When oil prices fall, they point out that it take 6 months for crude prices to filter through to pump prices.

HTH

TimberWolf
10th October 2008, 13:20
When oil prices rise, the petrol retailers stick the price up within hours.

When oil prices fall, they point out that it take 6 months for crude prices to filter through to pump prices.

HTH

If petrol prices drop quickly though, the petrol in your car will depreciate in value. Doomed. (This is an important consideration for Aygo owners).

shaunbhoy
10th October 2008, 13:35
When oil prices rise, the petrol retailers stick the price up within hours.

When oil prices fall, they point out that it take 6 months for crude prices to filter through to pump prices.

HTH

And let's not forget that the exorbitant prices charged by our (foreign-owned)utilities companies are all linked to the cost of oil. So clearly, as oil prices have slumped, we can expect price reductions of the order of 35% in the near future. Oh look.............a squadron of airborne oinkers!!
:tantrum::tantrum:

Paddy
10th October 2008, 14:29
Apparently diesel comes from Mexico and there is a world shortage currently because so many car owners have bought diesels. This was in the Mail on Sunday. I still have a petrol car... PHEEEEW!!!!.............. SMUG:happy

There is always some lame excuse for keeping the price of oil, fuel, and gas high. When a barrel of oil is cracked is broken in to its various components. It’s petroleum that is the costly element to extract and uses most energy to do so. Diesel then becomes a by-product. Conversely the majority portion of a barrel can be converted into Diesel with remaining few by-products. I know this because I worked on a cracking program in the 1980s.