Paul Spencer
Joined: 17 Feb 2003
Posts: 1088
Location: Oxfordshire, United Kingdom
|
 Posted: Mon Feb 29, 2016 10:24 pm Post subject: Oil Prices |
 |
|
| A few years ago, the price of lubricating oils rose significantly and I was told it was because the price of a barrel of oil was rising. Now the oil price has plummeted, but lubricating oil prices are still rising. I guess I shouldn't be surprised. |
|
John Murch
Joined: 05 Jun 1976
Posts: 1567
Location: London, United Kingdom
|
| Posted: Tue Mar 01, 2016 6:06 am Post subject: |
|
|
I imagine that the processing of lubricating oil is much more complex than that of petrol, in which case the cost of the crude oil which goes into it might be very small indeed. However that would not account for its price rising. What other ingredients go into the stuff?
John |
|
