Petrol prices

[Eirikur]

165.9 for 1l of Diesel at my local Tesco, was 155 or so two days ago.
I know why it's going up, but why is it so much higher than a couple of years ago when crude oil prices were much higher than they are now, but price at the pump was in the 1.30s

[Fraidycat]

Crude hit $116 today, but back down to $110. Looking at the charts last time it was over $100 was back in 2014

But you are right it was $130 back then.

[Eirikur]

Crude hit $116 today, but back down to $110. Looking at the charts last time it was over $100 was back in 2014

Yes but at the time the price at the pump was much lower why?

[GigiBronz]

same levels as 2011-2014 but price at pump significantly higher

but it's not corporate greed at all. and inflation is good, deflation is bad.

know your place serf!

[SueEllen]

Yes but at the time the price at the pump was much lower why?

Profiteering.

[Fraidycat]

It must be the exchange rate!
GBP is now weaker than in 2014 due to Brexit!!

Back in 2014 a $100 priced barrel of crude cost £60 but today it costs £75.

A 25% increase in GBP.

That explains the 25% increase in price on the forecourt!

[jamesbrown]

Er, plot the price per barrel in GBP as Fraidycat notes. It is now much higher than in 2014.

[Zigenare]

165.9 for 1l of diesel at my local tesco, was 155 or so two days ago.
I know why it's going up, but why is it so much higher than a couple of years ago when crude oil prices were much higher than they are now, but price at the pump was in the 1.30s

aysycotbac?

[_V_]

The only sensible solution is solar panels and an electric car. https://www.drivingelectric.com/your...e-electric-car

[SueEllen]

The only sensible solution is solar panels and an electric car. https://www.drivingelectric.com/your...e-electric-car

Why do the lots of electric cars around me have a steering wheel lock?