The Naked Scientists

The Naked Scientists Forum

Author Topic: Oil Prices!! How come its really expensive in UK and not so in America?  (Read 3852 times)

Offline Seany

  • Neilep Level Member
  • ******
  • Posts: 4209
  • Live your life to the full!
    • View Profile
It currently costs 1.1 pounds per litre.. Which is $2.20 per litre!
I'm not sure how much it is in America, but I'm assuming it's alot cheaper, more like $1.1..
It was about 50p per litre 10 years ago or so..

How come it's going up in price, and not so much in America? (I assume it's gone up a bit.. but not as much)


 

Offline Karen W.

  • Moderator
  • Naked Science Forum GOD!
  • *****
  • Posts: 31653
  • Thanked: 5 times
  • "come fly with me"
    • View Profile
It is $3.79 per gallon here in Humboldt County California!
« Last Edit: 29/03/2008 23:59:59 by Karen W. »
 

Offline Seany

  • Neilep Level Member
  • ******
  • Posts: 4209
  • Live your life to the full!
    • View Profile
That's per gallon dear.. LOL!!
Erm how many litres is it a gallon in America?

Because it's 4.5 litres I think in UK
 

Offline JimBob

  • Global Moderator
  • Neilep Level Member
  • *****
  • Posts: 6564
  • Thanked: 7 times
  • Moderator
    • View Profile
It currently costs 1.1 pounds per litre.. Which is $2.20 per litre!
I'm not sure how much it is in America, but I'm assuming it's alot cheaper, more like $1.1..
It was about 50p per litre 10 years ago or so..

How come it's going up in price, and not so much in America? (I assume it's gone up a bit.. but not as much)


1 liters = 0.264172052 US gallon or 3.78541 liters per gallon - that's about 4.164 pounds per gallon. OR $8.2819 dollars a gallon at the closing exchange rate yesterday.

I believe the difference is found in the tax structure between countries. The price per barrel is in US dollars and is the same for each country.

The refining capacity in the UK is about about 63 metric tons but the demand for refined products - jet fuel, petrol and road diesel, is about 65 metric tons. So there is a greater demand than supply which also drives up the price.

The problem is only going to get more difficult in the future.


 

Offline Seany

  • Neilep Level Member
  • ******
  • Posts: 4209
  • Live your life to the full!
    • View Profile
Don't America also have Texas and Alaska, which they haven't even used yet?
 

Offline Bored chemist

  • Neilep Level Member
  • ******
  • Posts: 8648
  • Thanked: 42 times
    • View Profile
The simple answer is that most of the price you pay for petrol is tax.
"The refining capacity in the UK is about about 63 metric tons "
Per what?
 

Offline Seany

  • Neilep Level Member
  • ******
  • Posts: 4209
  • Live your life to the full!
    • View Profile
What do you mean by "The refining capacity in the UK is about 63 metric tons" ?
 

Offline JimBob

  • Global Moderator
  • Neilep Level Member
  • *****
  • Posts: 6564
  • Thanked: 7 times
  • Moderator
    • View Profile
What do you mean by "The refining capacity in the UK is about 63 metric tons" ?

The daily refining capacity is just over 242,100 tons a day in the UK. I am guessing the figure given if for the year.

See http://www.berr.gov.uk/files/file39390.pdf From the UK Department of Trade I must admit it is rather confusing, but that's the English for you different "clarks" different answers, no uniformity!

I took "MT" to be metric tons - it could be million tons now that I think about it.
 

The Naked Scientists Forum


 

SMF 2.0.10 | SMF © 2015, Simple Machines
SMFAds for Free Forums