If Oil has dropped by $16 a barrel ................

helgy · Post by **helgy** » 21 Jul 2008, 22:28

Because the petrol they are selling at the very moment cost $150 a barrel.

Georgie · Post by **Georgie** » 21 Jul 2008, 22:36

It cost me $40 ti fill up a 1.6 the other day. That's £20...to fill it up.

I might smuggle some petrol back to England.

Petrol stations are probably going to milk the profit while they can.

Post by **Toiler On The Sea** » 22 Jul 2008, 00:32

As one who works at the sharp end of the Oil & Gas Industry, I can explain in simple terms what's going on!

THEY'RE TAKING THE PISS

Hopefully I'll be getting another bumper wage rise this year

. NOT

Old Codger · Post by **Old Codger** » 22 Jul 2008, 03:06

Georgie, try £75 for a tank in my Galaxy (which will take it 300 miles at best), my tyres are dying of old age, not wear.

Fancy a swap? It's a lovely motor.

Aircraft petrol is currently £1.59 a litre at my local club, I know it is 100 octane but it has no 'road tax' on it.

Unsustainable.

OC

Tom · Post by **Tom** » 22 Jul 2008, 09:39

£72 to fill my V6 Ford Cougar, I don't go that far so it'd last me about 3 weeks.

helgy · Post by **helgy** » 22 Jul 2008, 10:23

Quote
But yet the price per litre went up as dramatically as though it was in line with the oil barrel price

Then Toiler's right they are taking the piss.

Post by **Dom P** » 22 Jul 2008, 11:59

Look at it another way.... when oil was $15/b not long ago, your petrol wasn't 90% cheaper was it? retailers really were taking the piss then!

Most of the price of petrol in this country is made up of tax and duty. The wholesale price of oil is only a fraction of the cost.

And in reality the price of petrol is falling relative to the price of crude.

Another reason all things are going up is because oil is traded in dollars still... which makes it cost more.

I say this coming from the thick end of the oil indutsry! (my day job...)

Post by **ravenlunatic** » 31 Jul 2008, 20:39

My local paper this week has a lead story about a bloke who is now in hospital suffering from serious burns having destoyed his shed in a fireball while attempting to make Diesel from chip fat and "other chemicals".
Gelignite presumeably.

Its about the same in France now but a fair bit cheaper in Spain still. £80 odd quid to fill my Galaxy up, and just driven 2400 miles at 25mpg

Still, its very comfortable, and the frequent fuel stops allow you to stretch the legs.
In fact my legs are now about 8 foot long