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UK diesel and gas oil inventories had fallen to 1.57 million tonnes by the end of February, down from 2.23 million at the same point a year earlier, and the lowest seasonal level since 2014/15 and ...
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
Three months of falling pump prices ends as full tank of diesel goes up by £5 to £105.
BBC News also noted a fall of 25,000 drivers passing HGV driver tests between 2019 and 2020 and changes to IR35 tax rules which made it more expensive for EU drivers to work in the UK. [38] ITV News also cited high rates of attrition in haulage firm staffing.
The RAC, which carried out the research, said there is ‘no good reason’ why British fuel retailers are not cutting pump prices.
The oil and gas industry in the United Kingdom produced 1.42 million BOE per day [4] in 2014, of which 59% [4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [5] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
Energy mix of the United Kingdom over time. Total energy consumption in the United Kingdom was 142.0 million tonnes of oil equivalent (1,651 TWh) in 2019. [2] In 2014, the UK had an energy consumption per capita of 2.78 tonnes of oil equivalent (32.3 MWh) compared to a world average of 1.92 tonnes of oil equivalent (22.3 MWh). [3]
The gap between petrol and diesel prices has hit a record high due to Russia reducing gas supplies. Analysis of Government figures by the PA news agency and the RAC Foundation found the average ...