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Oil at 12 month low

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Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Around 20 gallons of petrol and 10 gallons of diesel out of a barrel of oil.

    So naturally diesel is in shorter supply.

    So my car uses a whole barrel (and more) to fill up?

    I realise there are by products from the barrel......but surely this can't be right?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 2 June 2012 at 10:33AM
    So my car uses a whole barrel (and more) to fill up?

    I realise there are by products from the barrel......but surely this can't be right?

    It's right......

    Gallons per barrel:

    Petrol 19.5

    distillate fuel oil (Includes both home heating oil and diesel fuel) 9.2

    kerosene-type jet fuel 4.1

    residual fuel oil
    (Heavy oils used as fuels in industry, marine transportation) 2.3

    liquefied refinery gasses 1.9

    still gas 1.9

    coke 1.8

    asphalt and road oil 1.3

    petrochemical feedstocks 1.2

    lubricants 0.5

    kerosene 0.2

    other 0.3

    So basically there's no point in the entire world converting to more efficient diesel cars, as 2/3 of the car fuel production from a barrel of oil will always be petrol.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • The_J
    The_J Posts: 1,250 Forumite
    Also, diesel particulates (as engines get better and more efficient these get smaller and travel further/stay in the air for longer) are a leading cause of cancer.

    Studies are at an earlier stage but a friend of mine is at the forefront of the research and thinks it will make smoking look healthy.
    The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    Sorry but it doesn't work like that, that's the cost of oil.

    Add on the fixed costs like tax, cost of refining. transporting and selling the petrol at he retail outlet and you'll be closer to understanding a little bit about petrol prices.

    This is great. You're so desperate to disagree with everything that graham says that you will actually argue that he is wrong to say that lower oil prices should logically lead to lower petrol prices. I think you need to get out more.
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Appreciate historically we didn't do diesel for private cars but is this the reason for low refining capacity or is it fiendishly difficult.
    I was under the impression it was a by product of petrol refining being a heavier distillate?

    Diesel use has taken off in the last 10yrs,dont forget emissions have also been tightened dramatically,namely Sulphur at spec of >10ppm.

    Where as you could draw off diesel,it now has to be processed further to comply with emissions.
    Official MR B fan club,dont go............................
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    interesting site here that allows you to see how much we are being ripped off in comparison with other countries like Germany or France

    http://www.staveleyhead.co.uk/utilities/petrol-prices/
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 2 June 2012 at 2:33PM
    This is great. You're so desperate to disagree with everything that graham says that you will actually argue that he is wrong to say that lower oil prices should logically lead to lower petrol prices. I think you need to get out more.
    Errr no, I was trying to explain the segment of the pump price where any price change would take place. Shall I explain it to you in crayon or didn't you want to understand? You are a highly paid accountant (allegedly) after all, no wait...

    Maybe that online degree in psychoanalysis that you purchased wasn't actually that good.

    Do you want to try again?
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    Errr no, I was trying to explain the segment of the pump price where any price change would take place. Shall I explain it to you in crayon or didn't you want to understand? You are a highly paid accountant (allegedly) after all, no wait...

    Maybe that online degree in psychoanalysis that you purchased wasn't actually that good.

    Do you want to try again?

    There there chucky, don't worry you're still the crappest troll on this site, even turnbull can't take that away from you.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 2 June 2012 at 5:37PM
    There there chucky, don't worry you're still the crappest troll on this site, even turnbull can't take that away from you.
    It's ironic that you call me a troll, actually quite desperate even sad when I'm the one that makes a point how oil prices reflect in pump prices but it's the likes of you and wookster that make it personal without even a single comment on oil prices in the entire thread. No wonder you use a George Clooney picture in your avatar, positive reinforcement is obviously needed for you...

    Keep living the fantasy life George Clooney, it's not the forum you need to convince you're a high flying accountant but it sounds like yourself.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    So my car uses a whole barrel (and more) to fill up?

    I realise there are by products from the barrel......but surely this can't be right?

    If its a diesel, then yes.

    A barrel of oil contains around 34 gallons in total.
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