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5 Pages

Crude at $30: the impact on European pump prices

Crude at $30: the impact on European pump prices

Report summary

The Brent crude oil price declined by 64% between July 2014 and December 2015, whereas retail (pump) prices in Europe declined by 36.4% on a weighted average basis. In our latest European fuels marketing insight we investigate the trends in crude prices, oil product wholesale prices and their impact on retail fuel prices in Europe overall, as well as variations across individual markets. A review of a typical retail price structure highlights the greater proportion of largely fixed non-oil elements such as tax, duty and logistics costs, which limit the impact of the wholesale price movements on pump prices. The logistics cost element is further explored by looking at the supply and transportation challenges faced by some European markets in 2015.

What's included?

This report includes 1 file(s)

  • Crude at $30: the impact on European pump prices PDF - 288.98 KB 5 Pages, 0 Tables, 5 Figures


This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Introduction
  • Retail fuel price structure
  • Conclusions

In this report there are 5 tables or charts, including:

  • Introduction
    • Changes in prices (Jul 2014 - Dec 2015)*
  • Retail fuel price structure
    • UK gasoline pump price breakdown example
    • NW Europe oil products stocks and wholesale prices
    • Tanker earnings and freight costs
    • Changes in pre-tax pump prices* (Jul 2014 - Dec 2015)
  • Conclusions
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