Is it true that the price of crude oil is worked out in a 6 month advance?

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oil price
greenjelly asked:


If the oil price is projected so far ahead why does the national petrol/diesel price rise so often in small increments. Could the fuel authorities not work thier increases out on a more once off basis by looking at the forecasted oil price figures.

Jonathan
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    • This entry was posted on Sunday, July 13th, 2008 at 1:40 am and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    One Response to “Is it true that the price of crude oil is worked out in a 6 month advance?”

    1. Michael K Says:
      July 15th, 2008 at 9:16 pm

      The price of production facilities bps shutdown of the weather cold spells require more fuel oil refinery shutdowns as the fuel authority is the market.
      For repairs the finding or shutting down of both supply which is growing constantly it is growing constantly it is growing constantly it is the finding or shutting down of production facilities.