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Crude Prices

Discussion in 'Rants & Raves' started by Caesium, Dec 19, 2008.

  1. Caesium
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    Caesium My BM is fixed!

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    [Dec 19, 2008]
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  3. Macduff
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    Macduff Member

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    [Dec 19, 2008]
    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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  4. Neilybabs
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    Neilybabs New Member

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    [Dec 19, 2008]
    My old man is a marine enigineer and knows a LOT on the subject and all he has said is that they've been milking us for years - simple. He also thinks that the recent price drops are not purely a case of the drop in production - more to do with 'pressure' from the top to stop being so fecking greedy!

    And also from me - a noob - why is it suddenly more expensive to produce diesel when mass diesel car production is more common?

    It seems to me that they'll get you either way?
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  5. alijames
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    alijames Active Member

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    [Dec 19, 2008]
    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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  6. Caesium
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    Caesium My BM is fixed!

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    [Dec 20, 2008]
    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.

    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.
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