Neville's Breakfast
Well-known member
2011 Brent crude at $133/barrel - petrol at £1.29/Ltr
2022 Brent crude at $123/barrel - petrol at £1.85/ltr. 56p more
Meanwhile, Shell and BP announce record quarterly profit.
The £ has fallen 10% in value against the $ this year, can’t for the life of me think why.
It’s not rocket science.
That is simply disgusting, how are they allowed to get away with that, has transportation of the oil gone up so much that is the reason ?
It’s not actually true though. The average price of Brent crude in 2011 was $111.26. I don’t know details on pump prices but I do know that the Brent market is competitive and not all supplies are this grade. You need to dig down into refinery capacity. I think there is also some sort of accumulation of the tax as the price rises.