Crude Prices

Crude oil has fallen to $50 per barrel, so OPEC have decreased production to try and increase the price.
Have we been charged less at the pumps?

http://www.stuff.co.nz/4797524a13.html


******* PROFITEERING MONOPOLISING GREEDY SHITCUNT SCUMBAG OIL COMPANIES!

http://www.oil-price.net/

CHECK THE PRICE SLUMP

Macduff said:

Well I've seen diesel prices drop from almost £1.30 a litre to 97.9p so yes I think we are being charged less at the pumps.

Remember that the bulk of the price is tax anyway so a 60% drop in crude doesn't equate to a 60% drop at the pump.

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Yes but the tax is charged as a percentage of the total cost, not as an amount. The raw cost comes down so the tax also should come down.

alijames said:

From what I understand, when all the European governments were pushing everyone to buy Diesel cars in the late 90s/early 00s, as they were supposedly 'greener', and people took notice, someone forgot to increase the Diesel refining capacity.

Thus, Diesel is in more demand than petrol, so commands a higher price.

Cheers,

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Diesel and Petrol are refined in the same way, it just petrol is higher up the catalytic cracker than diesel.
Diesel has always been widely used so thats not an excuse from the oil companes.
Marine engines and commercial vehicles both use enormous amounts of diesel, the domestic diesel engine probably only makes up a tiny increase, Especialy when you look at the huge ships that use diesel by the ton.