Michael Mather
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If the price of Oil is $79 per barrel why is the pump price so high?

October 10th, 2008 · No Comments

As the price of oil slides on the world market the price at the pump seems to not change that much.

oilprices

The graph is from InfoMine.com while the numbers are the average petrol prices in the UK (Unleaded) courtesy of TheAA.com

In theory we should see the average price of unleaded reduce again back to the £1.00 per litre level. 

oil forecast

But guess what the price is unlikely to fall anytime soon as there are profits to be made by the retailers and the Government… this is the breakdown provided b the website PetrolPrices.com

Price of petrol breakdown diagram

This is the reality when the prices are at 115.0p per litre for unleaded fuel.

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Tags: Ramblings

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