Last time I filled up it was 81p per litre, that's much more than 6p a litre cheaper.
Here's some light reading for you, I couldn't get past line 2 and the pictures myself.www.bized.ac.uk/current/mind/2003_4/061003.htm
That helps ta.So in 2003 before the last round of crude prices Duty was 50p, Vat was 13p and 17p was the cost of the petrol including profit.Looks like we may have done ok with the recent fall back in prices then.....
You could always hedge against pump price rises by buying sweet crude futures when they are low.futures.tradingcharts.com/marketquotes/index.php3?market=CLIf you think the price looks really low then buy a call. Please don't take me seriously.
Out of the money options are also a good bet if you want gearing..........
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