Crude at $30: the impact on European pump prices
This report is currently unavailable
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.
Table of contents
- Introduction
- Retail fuel price structure
- Conclusions
Tables and charts
This report includes 5 images and tables including:
- Changes in prices (Jul 2014 - Dec 2015)*
- 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)
What's included
This report contains:
Other reports you may be interested in
01 July 2016
Brexit: Implications for downstream oil markets
Brexit: Implications for downstream oil markets
We consider the consequences of Brexit on European refiners and oil product markets over the next two years.
$90023 September 2016
Wood Mackenzie London Refining and Chemicals Forum 2016
Wood Mackenzie London Refining and Chemicals Forum 2016
The following presentations from the London Downstream and Chemicals Forum, held on 19th September 2016 are now available to download
$50025 January 2017
ExxonMobil accelerates the sale of its retail sites in Italy: Europe downstream oil month in brief January 2017
ExxonMobil accelerates the sale of its retail sites in Italy: Europe downstream oil month in brief January 2017
ExxonMobil continues site divestments in Italy. Refining margins remained strong but marketing margins saw a sharp downturn.
$900
