has come down to 106p per litre and even less in some places,
2 questions
I’m wondering how much is being saved per week, per truck on running costs for transport companies. ■■?
it must be a fair whack…
And, the price of crude has dropped to 40 dollars a barrel from 100 dollars last year… that makes it less than half what it was …
so how come the finished product hasn’t come down to about 70p per litre ■■?
Simple, a price fixing cartel by the big oil companies.
Isn’t about 70p of the cost tax from the government anyway?
If the wholesale price dropped to 1p a litre, we’d still be paying a fortune.
Firstly the price at the pump is subject to massive taxation.So a halving of the product price won’t mean a halving of the pump price.While the difference is a case of effectively almost financially unviable v still almost financially unviable to use as a fuel.
While much of the industry has already adjusted to the ridiculous road fuel cost regime.By either,in many cases,at worst closing down.Or at best minimising distances run and letting the rail freight sector take the work instead.
On that note the relevant comparison would be the game changing issue of trucks being allowed to use red diesel.‘Then’ you’d see the real difference which you’re referring to. 
CF are you aware of the almost negligible price difference between red and white?
The red diesel we use is about 65p per litre and we get it by the truck load and burn about 25 gallon an hour in 2 x 600hp engines and the price hasn’t altered much at all.
Last time I checked my performance record, it costs £4.20 something per gallon running my truck and I’m not the most eco minded driver, especially on a Friday!
raymundo:
The red diesel we use is about 65p per litre and we get it by the truck load and burn about 25 gallon an hour in 2 x 600hp engines and the price hasn’t altered much at all.
We’re only paying 47p/ltr for red…
Don’t think you pay pump prices with diesel cards you get a discounted price
the maoster:
CF are you aware of the almost negligible price difference between red and white?
Exactly what figures are you going by and what is your definition of ‘negligible’.IE the overall pump price can only be a lot less because of the tax rebate and are you saying that the same reductions as have applied in the case of white haven’t also been applied to red. 
Goldfinger:
raymundo:
The red diesel we use is about 65p per litre and we get it by the truck load and burn about 25 gallon an hour in 2 x 600hp engines and the price hasn’t altered much at all.We’re only paying 47p/ltr for red…
Its about 42p now.
Don’t forget that Iran is about to come back onnline after the lifting of sanctions because of the new deal they just did.
Currently producing way below there 6 million barrel capacity.
Once they kick in the market will be flooded literally with oil.
Things to remember if teh price at the pump falls the goverment will have to raise taxes else where.
I doubt the bosses will pass on fuel savings to drivers with wage rises.
Driveroneuk:
Goldfinger:
raymundo:
The red diesel we use is about 65p per litre and we get it by the truck load and burn about 25 gallon an hour in 2 x 600hp engines and the price hasn’t altered much at all.We’re only paying 47p/ltr for red…
Its about 42p now.
Will check our rates on Monday in that case, but maybe it’s time my calculator went in the dock 
raymundo:
Driveroneuk:
Goldfinger:
We’re only paying 47p/ltr for red…Its about 42p now.
Will check our rates on Monday in that case, but maybe it’s time my calculator went in the dock
Or you start asking the supplier some questions. 
Soldier z:
the market will be flooded literally with oil.Things to remember if teh price at the pump falls the goverment will have to raise taxes else where.
I doubt the bosses will pass on fuel savings to drivers with wage rises.
It has always been the tax regime which is the problem then the government blames the oil suppliers for it to divert attention from the fact.
While it’s not just all about the direct fuel cost saving regards wage levels.If road fuel costs drop demand for road transport and therefore drivers increases.However there’s no way that the industry can get the full potential effects of that without the type of reductions which would apply by taking the road transport industry out of the road fuel taxation regime.
While it is more likely that the government will do exactly the opposite by increasing road fuel taxation as you’ve described. Thereby stuffing the industry and the economy as usual together with the counterproductive effects of less fuel being used and less economic growth and less tax revenues across the board.
Looking at it another way if tge price is in free fall there must be over supply so is the world economy slowing down?
Also anyone who has a fuel escalator built in to the rates they work for there no better off in real terms as this will have taken the hit not the rate itself.
The price of oil dropping is part of the USA v Russia, oil and dollar war.
The dollar is ready for full out collapse by the end of the year.
USA are over producing oil trying to squeeze Russia oil based economy to its knees.
The reason is Russia have now stopped dealing in the world currency the dollar and started using the ruble to deal there oil.
The USA are going be in the shiezer in sept as there economy won’t be able to pay there interest on there 18 trillion debt.
kr79:
Looking at it another way if tge price is in free fall there must be over supply so is the world economy slowing down?
Also anyone who has a fuel escalator built in to the rates they work for there no better off in real terms as this will have taken the hit not the rate itself.
Firstly ‘free fall’ is a massive overstatement bearing in mind the pre tax price of fuel before the Suez and 1973 Arab oil embargo.While the world economy has been more a case of one step forward two steps back always limited by fuel costs ever since.With the added flaws contained in the idea of the global free market economy just adding to the problems.IE in our case the worst of all worlds combination of a massive trade deficit in manfactured goods together with fuel prices ( including taxes ) which stifle whatever potential growth there might potentially be in the economy.
On that note the idea of a ‘fuel surcharge’ on rates has long since mostly reached the stage where the customer says can’t pay won’t pay so either take the job at a borderline margin,or leave it and close down and let the train take it.In just the same way that the the car use of the 1950’s and 60’s is now a thing of the past in favour of either staying at home or a local cycling trip.
The end result being less fuel sales,less economic growth and less tax revenues.
Themoocher:
The price of oil dropping is part of the USA v Russia, oil and dollar war.The dollar is ready for full out collapse by the end of the year.
USA are over producing oil trying to squeeze Russia oil based economy to its knees.
The reason is Russia have now stopped dealing in the world currency the dollar and started using the ruble to deal there oil.The USA are going be in the shiezer in sept as there economy won’t be able to pay there interest on there 18 trillion debt.
The fact is trying to hold back oil supplies to create the illusion of ‘profit’ is counterproductive because the more the price goes up the less demand there is.Oil is the definition of the idea of pile it high and sell it cheap with massive potential profits all being based on the resulting turnover and economic growth.
While our idiotic government has then thrown a spanner in the works of that idea by way of ridiculous levels of taxation.
The American idea is just the opposite.In the realisation of the former and that the western economies need the kickstart of a massive reversal/correction in the fuel price regime back to where it was pre Suez and pre 1973.As for the idea of holding back supplies to keep the price artificially high that is actually in no one’s interests including the Russians.