Does anyone know the proportion of petrol, diesel etc that is extracted from each barrel of oil. I believe a barrel is 40 gallons.
The reason i ask is that diesel is currently 13p a litre more expensive than unleaded whereas it used to be cheaper and i would like to know if its because diesel is relatively rarer per barrel or are we just being ripped off again? It can't cost any more than petrol to drag it to the forecourt.
Another burning question that has puzzled me is that we pay for oil in US$.
The rate of dollars to the £ has gone up i.e it costs less to buy the dollars to buy the oil so proportionally it costs less £'s for the same amount of oil. We pay for our fuel at the forecourt in £'s so why aren't we getting that extra product or why hasn't the cost come down?
And finally oil prices at an all time high and yet the government is saying that the revenue from north sea oil has gone down as a result, how!
Mods feel free to move this if it should be elsewhere.
The reason i ask is that diesel is currently 13p a litre more expensive than unleaded whereas it used to be cheaper and i would like to know if its because diesel is relatively rarer per barrel or are we just being ripped off again? It can't cost any more than petrol to drag it to the forecourt.
Another burning question that has puzzled me is that we pay for oil in US$.
The rate of dollars to the £ has gone up i.e it costs less to buy the dollars to buy the oil so proportionally it costs less £'s for the same amount of oil. We pay for our fuel at the forecourt in £'s so why aren't we getting that extra product or why hasn't the cost come down?
And finally oil prices at an all time high and yet the government is saying that the revenue from north sea oil has gone down as a result, how!
Mods feel free to move this if it should be elsewhere.