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Diesel Down In Price !
I have just filled up with diesel at Tesco, for £1:14 a litre ! ...hasn't been that cheap for ages...what is going on ?
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It's mostly tax, and eye watering tax too. I once worked on the exchanges/excise system for an oil giant, the treasury got millions a month.
Diesel has dropped because the AA etc kicked off wanting to know why it had not dropped when oil dropped months ago.
Oil companies clearly got worried about cartel investigations. Which should happen. They hide behind the fact we cannot tell what is happening between the barrel and the pump and where they hide the cost.
Diesel has dropped because the AA etc kicked off wanting to know why it had not dropped when oil dropped months ago.
Oil companies clearly got worried about cartel investigations. Which should happen. They hide behind the fact we cannot tell what is happening between the barrel and the pump and where they hide the cost.
Stuey
I recall my B I L driving us to Niagara and Buffalo on a Bank Holiday.Queensville was sTart point with one garage and two pumps.The old man who owned/ operated it put 1c a gallon on For thE BH.Cost per gallon was what I paid for half a Litre here. He moaned to Buffalo and back and I happilY paid the tab as well. :-)
I recall my B I L driving us to Niagara and Buffalo on a Bank Holiday.Queensville was sTart point with one garage and two pumps.The old man who owned/ operated it put 1c a gallon on For thE BH.Cost per gallon was what I paid for half a Litre here. He moaned to Buffalo and back and I happilY paid the tab as well. :-)
Diesel is what they call long at the moment......plenty of it in the refining system looking for a home, the main reason being that the heating market is all the way down being summer and there's no real alternative like converting it into another product. Some of the diesel is also fueled by aviation kerosine being downgraded, usually because of water in it and planes, water and 35000ft do not mix....so with plenty of aviation fuel being blended back, that market in full tilt, then that exacerbates the problem.
As to crude prices being up, me don't think so....see attached.
http://
Remember one of the reasons that we don't see the same scale effect on end pump prices is that huge whack of excise duty the government takes and they even have the audacity to put VAT on the tax......that doesn't change that much and is a bit of mattress to the end retail market.
As to crude prices being up, me don't think so....see attached.
http://
Remember one of the reasons that we don't see the same scale effect on end pump prices is that huge whack of excise duty the government takes and they even have the audacity to put VAT on the tax......that doesn't change that much and is a bit of mattress to the end retail market.
We collect our new car in a couple of weeks, we weren't sure whether to go for petrol or diesel but the model we are going for is the same as we have already (Citroen Grand Piccasso) but they have put a new engine in it giving far better MPG than our model, we always thought our MPG was fairly good as it was, so delighted with this new improvement, and to see that diesel is now coming down is great news. :-)
It will start to firm up in October, assuming no major economic or geo-political shocks. Look at the heating market pricing for trading here:
http://
http://
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