Price of Diesel at the pumps?
#5
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Logic would suggest diesel is cheaper to produce because it is less refined than petrol
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The diesel revolution began late 90's, prices rapidly climbed and tax increased. I am not aware that the government has reduced the tax levy on diesel. The government announces that diesel is the new scourge on health. All of a sudden there is a price shift. I can only surmise that many people are ditching diesels cars for small engine turbo petrol vehicles and hybrids.
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Price of Diesel at the pumps?
To my understanding it is slowly down of industry in China that is having a big effect. Most equipment used diesel so there a stock pile in the middle east is getting ever bigger.
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Most diesel is refined in Europe (the UK only has 6 diesel fuel refineries). As the Eurozone continues to crumble, Sterling continues to strengthen against the euro and we end up with cheaper diesel at the pumps.
It's likely to get cheaper still based on current exchange rate trends, especially if the UK raised rates.
It's likely to get cheaper still based on current exchange rate trends, especially if the UK raised rates.
Last edited by Petem95; 16 September 2015 at 10:46 PM.
#15
Just to add more fuel to the fire
http://www.bbc.co.uk/news/business-34262990
http://www.bbc.co.uk/news/business-34262990
if anything WOULD make the pumps run dry, reporting they are going to will do it!
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