I guess its an easy way to write a lot of articles.
24 hours later…
So the actual explanation is probably dual :
* You pay your Diesel / Stookolie in Euros and not in dollars. The first article talks about the oil whose price goes down in dollars. If the exchange rate of Euro/Dollar goes down, this will have a negative effect on the price you pay at the pump.
* Notice how the first article speaks about “ruwe olie”. Oil needs refined before you can put it in your car. Usually those costs had been pretty stable which didn’t impact the price you pay at the pump. But due to sanctions on Russia (who is exporting a lot of refined fuels (mostly Diesel), not only “raw oil”) there is a big tension on the refining market and prices have been going up (the long term average of refining prices are between 0,02 – 0,05€/l. The current (in May/June) prices are around 0,25€/l). Any change there will also impact the price you pay at the pump.
DPG Media as usual.
Self-fulfilling prophecy: Media bericht over olieprijzen -> Meer dan normaal mensen gaan tanken als (paniek)reactie -> piek in vraag zorgt voor prijsstijging
You really think that they will change the winning algorithm… :
when the oil goes up 10% the gas goed up 15%
when the oil goes down 15% the gas price goes down 5 %
good deal.
11 comments
Your first mistake was visiting HLN.
Yes, but actually no.
I guess its an easy way to write a lot of articles.
24 hours later…
So the actual explanation is probably dual :
* You pay your Diesel / Stookolie in Euros and not in dollars. The first article talks about the oil whose price goes down in dollars. If the exchange rate of Euro/Dollar goes down, this will have a negative effect on the price you pay at the pump.
* Notice how the first article speaks about “ruwe olie”. Oil needs refined before you can put it in your car. Usually those costs had been pretty stable which didn’t impact the price you pay at the pump. But due to sanctions on Russia (who is exporting a lot of refined fuels (mostly Diesel), not only “raw oil”) there is a big tension on the refining market and prices have been going up (the long term average of refining prices are between 0,02 – 0,05€/l. The current (in May/June) prices are around 0,25€/l). Any change there will also impact the price you pay at the pump.
DPG Media as usual.
Self-fulfilling prophecy: Media bericht over olieprijzen -> Meer dan normaal mensen gaan tanken als (paniek)reactie -> piek in vraag zorgt voor prijsstijging
You really think that they will change the winning algorithm… :
when the oil goes up 10% the gas goed up 15%
when the oil goes down 15% the gas price goes down 5 %
good deal.
Crude oil vs refined oil.
Will gas prices go down?
– Yes’nt
Pump prices usually lag by a couple of days.