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Price Of Gasoline Vs Oil Price

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Oil price is now around $94 a barrel down from $149 but the price at the pump down't seem to have come down hardly anything.

Has it come down in bangkok at all? OR are all of us in Thailand being ripped off?

They get away with it the world over.

Price at the pump goes up immediately after the price of the barrel rises.

When the price of the barrel falls, they say, "Oh, the gasoline at the pump comes from oil bought months before when the barrel price was higher. It will take time to come down".

Of course, they never explain why the price at the pump jumps immediately when it comes from oil that was bought months prior when prices were lower.

We are either stupid or powerless.

  • 4 months later...

Just Noticed Oil Price down to 35.88 a barrel today, its stayed level in the low forty's for quite some time it did fall as low as 32.41 a while back.

Lets hope we get another price fall to compensate for the 2nd part of the Fuel Tax levy return in a few weeks :o

Source http://www.oil-price.net/

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