Oil at 12 month low

chewmylegoff

chucky wrote: »

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.

And I shed a silent tear...

If you read the post graham made he suggested that if oil prices held at below $100 a barrel the petrol should be 10-15p a litre cheaper at the pump. You then waded on saying he doesn't understand how the price of petrol works because the oil price is not he only only constituent part of the price of petrol. You are now suggesting that I can't do basic maths either (with some made up sneering about how I have apparently claimed to be a high flyer).

However you didn't take the time to think about it yourself, so desperate were you to automatically disagree with graham. 10-15p/litre represents a reduction in prices of 7-10%. Oil prices have come off about 25%. Therefore graham wasn't claiming that the price of fuel would move directly in step with the price of oil and did not therefore overlook the fixed cost elements (some of which are not, in fact fixed as you claim as the price of e.g. transportation is itself related to the price of oil). Further, Graham has now posted evidence that backs up exactly what he was saying.

Despite that you're still just looking or a fight and trying to be a nasty bully. You haven't actually produced any evidence that Graham's figures are wrong yet you're trying to take the moral high ground by claiming that you're the one who is talking about oil prices and others are attacking you. You haven't said anything meaningful about oil prices on this thread either, just doing your normal job of being a crappy troll.

Feel free to try to hurt my feelings with rubbish jibes about my job and my avatar. It is unlikely to get you anywhere but if it makes you feel better and you dont have anything better to do (like evidence your point or something like that) then be my guest. If you like I can pretend that I am offended by your next pathetic set of "insults".

CLAPTON

obviously the short term fluctuations in the pump price of fuel depends upon the 'oil' price in dollars and the dollar-pound exchange rate

does anyone know how to correct for these two factos so we can see how much we are being ripped off by?

chucky

chewmylegoff wrote: »

And I shed a silent tear...

I'm sure that you did because that's quite a long post trying to explain and justify your strange behaviour.

So let me let you try again.

The "variable" part of the pump price is the only real part that can be affected by the price of a barrel of oil, did you not think that the exchange rate or even the quality of the oil and where it's from may have an impact on the pump price. You did know that there are different types of crude and have different prices, probably related to quality I imagine. So less petrol would be produced for each barrel, right?

That wouldn't impact pump prices, or would it not?

Graham_Devon

chucky wrote: »

I'm sure that you did because that's quite a long post trying to explain and justify your strange behaviour.

So let me let you try again.

The "variable" part of the pump price is the only real part that can be affected by the price of a barrel of oil, did you not think that the exchange rate or even the quality of the oil and where it's from may have an impact on the pump price. You did know that there are different types of crude and have different prices, probably related to quality I imagine. So less petrol would be produced for each barrel, right?

That wouldn't impact pump prices, or would it not?

Is my post right or wrong?

No one has said anything about the other influences on the pump price, yet you keep banging on about it. You are not educating us as you would like to think you are. You are simply waffling about something we all accept and understand, but has nothing to do with the original point.

chucky

Graham_Devon wrote: »

Is my post right or wrong?

This forum isn't about you being right or wrong it's about different people putting their points of view. The forum isn't the graham Devon show.

Obviously the likes of you, Wookster and poor chewmyheadoff decided that it was better to acuse me of being insulting when it was you who got personal first. That's typical and expected, I can take that but they obviously can't...

Graham_Devon wrote: »

No one has said anything about the other influences on the pump price, yet you keep banging on about it.

Well observed but I brought it up because it is very relevant even though you or the high flying accountant think it doesn't. You obviously think that they have nothing to do with the pump price but you are wrong and still refuse to acjowledge it, that's why I questioned this comment "Currently brent is at $99 a barrel. If it holds, petrol should be around 10-15p a litre cheaper." Is that ok that I did that or would you prefer that pat on the back that you so crave to say you're right?

Graham_Devon

Good lord chucky, you are tiring.

AndyGuil

Graham_Devon wrote: »

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?

Not unless your car takes more than 20 gallons (75 litres) of petrol or 10 gallons of diesel (37.5 litres). I assume you are a diesel driver?

chucky

Graham_Devon wrote: »

Good lord chucky, you are tiring.

If you can't reply to the post just say so instead of getting personal because you're one of those that throws his toys when people reply back and you cry off.

You do realise that the oil barrel price is in USD and the what we pay at the pump for petrol is GBP, you did know that right?

Graham_Devon

AndyGuil wrote: »

Not unless your car takes more than 20 gallons (91 litres) of petrol or 10 gallons of diesel (45.5 litres). I assume you are a diesel driver?

Yer, 60 litre tank. Surprised me, just something I never knew.

AndyGuil

Graham_Devon wrote: »

Yer, 60 litre tank. Surprised me, just something I never knew.

Just corrected the figures as i used British gallon rather than US by accident. It is an incredible amount of oil each car can use up. Seems like the oil price reduction will really help out on the pump prices. Although tax is a killer.