Fuel up/down again
- Thread starter [TW]Fox
- Start date
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
No, they are plumbing several month depths at the moment.
I posted this in GD yesterday:
Some interesting facts for you about oil prices, exchange rates and petrol prices.
This time 12 months ago, a barrel of Brent crude was 5% more expensive than it is today. It's priced in dollars - this time 12 months ago though, Sterling was worth only 1.7% more than it is now against the dollar. Therefore, oil is no more expensive now than 12 months ago, adjusted for currency fluctuations.
Exactly 12 months ago, the average price across the UK of a litre of unleaded was 135.9p. Today, the average price is 141p a litre.
Interesting. I wonder where that extra 5p is going?
Soldato
Whats the walk on fuel duty for the same period?
From tomorrow (Friday 4th May) you will pay no more than 136.7p per litre for unleaded and 141.7p per litre for diesel at Asda.
http://your.asda.com/news-and-blogs/we-re-cutting-the-price-of-fuel-this-bank-holiday-weekend
http://your.asda.com/news-and-blogs/we-re-cutting-the-price-of-fuel-this-bank-holiday-weekend
your 10 post late.
Soldato
Cost of refinement and transportation possibly.
Theres two parts to any price, the product supply and demand of it and the currency its priced in and the supply and demand of it
The oil is priced higher because the supply of money to pay for it is higher. To weigh up value more then price a ratio to something else in heavy use is more accurate
Often they do the average wage or gold but with housing, I read rental cost ratio was a good alarm to its instability
Its way off, far below annual expectations and has been for years. That cant explain any increase
Theres two parts to any price, the product supply and demand of it and the currency its priced in and the supply and demand of it
The oil is priced higher because the supply of money to pay for it is higher. To weigh up value more then price a ratio to something else in heavy use is more accurate
Often they do the average wage or gold but with housing, I read rental cost ratio was a good alarm to its instability
Soldato
Yep, they don't do super ul either
Asda fuel has its own refinery where they also produce their value washing up liquid, regularly tanker deliveries get mixed up and you get washing up liquid instead of petrol ! FACT!
Or, they just buy petrol from elsewhere, don't have their own refinery that has 'magic stuff' put in, and its all in your head as the fuel has to meet a minimum standard for sale.
Or, they just buy petrol from elsewhere, don't have their own refinery that has 'magic stuff' put in, and its all in your head as the fuel has to meet a minimum standard for sale.
So does Vodka but it doesn't mean Aldi and Smirnoff taste the same.
I know ASDA don't have their own special refinery, just pointing out that minimum is just that.
and then some.......
Caporegime
True fact is true.
How many years ago did people first start saying this? Always £1.50 by summer. Must've been 3 or 4 years now
How many years ago did people first start saying this? Always £1.50 by summer. Must've been 3 or 4 years now
Yeah haha, I remember back in 2007 when they said prices were going to hit £1 a litre, hahahhahahahahha... Oh wait that happened.
If prices hadn't dropped 17p in 2008 we would be at £1.50 by now.