Around $0.88 a litre here for unleaded and about $1.20 for diesel. Premium (98 octane ) around $1.05 ( This is Aussies dollars)
WTI future closed at $12,46 a drop of 31%. There is no demand for it and nowhere to store it. Tax, as we all know is the major constituent of fuel prices, with most governments applying a fixed amount per litre sold as opposed to a percentage rate per unit sold. Therefore even when the wholesale price of oil drops, the tax remains the same hence the only marginal decrease in pump prices. Oil companies obviously have a hand in delaying the drop in the wholesale oil price, before the addition of tax.
So much tax on petrol and diesel, if crude was free it would still be too bloody expensive. Honestly can't remember the last time I got the car fuelled.
Always worth considering the equivalent man-hours of energy stored in a single barrel of crude - it's never been overpriced - which is nice
I tell you I can't sleep for worrying about that Saudi bloke not making enough money. Y' know the one, Trumps mate who murdered the journalist with a chain saw. I can't imagine how he will be afford to repress his countrymen if this were to go on much longer... Don't forget he's got hundreds maybe thousands of terrorist clerics exporting Wahhabi Islam all around the world to pay and if you think the Taliban are cheap to run you better think again...
aye, its screeming, soverign oil fund soverign oil fund. dont let them spaff it up the wall again, oh, too late.
Why are they reducing the price of petrol and diesel? How do they believe that is going to stimulate demand? I mean, is it a case of "Dude, fuel is so cheap now, screw the lock-down! Ima go for drive/ride!"?
Sounds like a cheap purchase, I could buy a huge fleet nah an armada think of the power I would wield. Loz you’re a ducking genie my wish is granted.
