The Cellar - View Single Post - Who's Sick of Talkin' 'bout the Mari Ban?

Cyclefrance · 05-10-2006, 09:54 AM

Now 96p-97p per litre here in UK

At $1.87/£1 that's $1.81 per litre

and at 3.79 litres per US Gallon

that's $6.87 per US Gallon

So to put 14 UK gallons/17.5 US Gallons into my car costs the equivalent today of $120!

Stop moaning!

Our prices seem to rise even when the dollar weakens - price was 92p per litre two months ago when there was $1.74/£1 (=$6.06 per US Gallon)

And I thought alll these oil companies ran sophisticated hedge funds anyway on both oil prices and foreign exchange to limit the impact of short-term market fluctuations.

The only ones to gain are 1). the oil companies who charge accordiing to what the market does and not according to how their own arrangements soften that effect, and 2). the governments who see their %age-based tax incomes rise as the gasoline prices rise at the pumps

05-10-2006, 09:54 AM	#17
Cyclefrance Pump my ride! Join Date: Aug 2005 Location: Deep countryside of Surrey , England Posts: 1,890	Now 96p-97p per litre here in UK At $1.87/£1 that's $1.81 per litre and at 3.79 litres per US Gallon that's $6.87 per US Gallon So to put 14 UK gallons/17.5 US Gallons into my car costs the equivalent today of $120! Stop moaning! Our prices seem to rise even when the dollar weakens - price was 92p per litre two months ago when there was $1.74/£1 (=$6.06 per US Gallon) And I thought alll these oil companies ran sophisticated hedge funds anyway on both oil prices and foreign exchange to limit the impact of short-term market fluctuations. The only ones to gain are 1). the oil companies who charge accordiing to what the market does and not according to how their own arrangements soften that effect, and 2). the governments who see their %age-based tax incomes rise as the gasoline prices rise at the pumps __________________ Always sufficient hills - never sufficient gears