Quote:
Originally Posted by wizzo337
It will never be perfect.
Please explain the following.
As of August 2022, the price of crude oil per barrel is $89.10, and the average price per litre of petrol in the UK is £1.77p.
But back in June 2008, the price of crude oil per barrel was $187.04, and the average price per litre of petrol in the UK was £1.04p.
So as things stand, the price per barrel of crude oil is 52.3% down from the price in 2008, but the price per litre of petrol is 70% up from 2008.
Can you see now how you are being lied to when the Government and mainstream media tell you that these rising costs are due to the war in Ukraine?
Do they (the government) want to limit how far you travel?
|
The above post is being very selective with statistics. The price stated for 2008 was a peak, not the average. Also, the post has not considered how long that state of affairs could have continued - were the oil production campanies making profits or losses at the peak?
This may help with a better understanding of matters.
https://fullfact.org/economy/petrol-crude-oil-prices/