Oil and gasoline: 30 years of ups and downs

With the always useful collaboration of the Sovranista channel we want to present you, in a comparative way the WTI oil prices, the guide price of black gold in the world with Brent, of the last 30 years, accompanied by a useful graph in which the prices are presented. of petrol and diesel, both net and gross of excise duties and VAT which, combined, constitute well over 50% of the value of fuels. In this way we will also be able to evaluate the effect of changes in crude oil on the final price.

First of all, the trend of WTI oil:

As you can see, the volatility of the oil price is extremely high. We go from minimums of 20 dollars to maximums over 150, even if talking about a cycle of 24 is an overall year is perhaps excessive. Surely the waves of excessive demand, alternating with over-investment and therefore excessive production capacity, weigh heavily.

Here is what happened to the prices of the main fuels.

As you can see, the price peaks, so high in the WTI, are much less strong in the finished product because:

• in the first place, the costs of transport, refining, etc. are involved, the effect of which is seen before excise duty:
• So why are the excise duties themselves involved, unfortunately, to further normalize the price.

We note that there is a trend in the price of finished products that is slightly different from that of raw materials, also because bottlenecks can intervene at the level of refining capacity that can produce distorting effects, or better, can make the finished price less dependent on the raw material.

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The article Oil and gasoline: 30 years of ups and downs comes from ScenariEconomici.it .

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This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/petrolio-e-benzina-30-anni-di-alti-e-bassi/ on Mon, 22 Feb 2021 18:04:43 +0000.