Hostname: page-component-cd9895bd7-lnqnp Total loading time: 0 Render date: 2024-12-25T18:21:24.086Z Has data issue: false hasContentIssue false

Why are UK Pump Prices So High?

Published online by Cambridge University Press:  26 March 2020

Aurélie Delannoy*
Affiliation:
NIESR

Abstract

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
The UK Economy
Copyright
Copyright © 2012 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

The author would like to thank Phil Davis, Dawn Holland, Simon Kirby and Iana Liadze for their comments.

References

Barrell, R.Delannoy, A.Holland, D., (2011), ‘The impact of high oil prices on the economy’, National Institute Economic Review, 217, pp. F6874.CrossRefGoogle Scholar
Blair, B.F.Mixon, P.A., (2011), ‘Price pass-through in US gasoline markets’, available at: http://papers.ssrn.com/so13/papers.cfm?abstract_id=1876557.Google Scholar
DECC, The UK Upstream Oil and Gas Tax Regime, available at: http://og.decc.gov.uk/assets/og/ep/taxation/taxregime.pdf.Google Scholar
DECC, (2011), UK Energy in Brief 2011: Dataset. Table T36: Fuel Expenditure of Households, available at: http://www.decc.gov.uk/en/content/cms/statistics/publications/brief/brief.aspx.Google Scholar
DECC, (2012), Premium Unleaded Petrol and Diesel Prices in the EU, table 5.1.1 and 5.2.1, available at: http://www.decc.gov.uk/en/content/cms/statistics/energy_stats/prices/prices.aspx.Google Scholar
DECC, (2012a), Oil and Petroleum Product Price Statistics: weekly fuel prices, available at http://www.decc.gov.uk/en/content/cms/statistics/energy_stats/prices/prices.aspx.Google Scholar
The Economist (2011), ‘Big oil's bigger brothers — a high oil price is great for oil companies, but it also attracts competitors’, 29 October.Google Scholar
HM Revenue & Customs, Oil Taxation Manual, available at http://www.hmrc.gov.uk/manuals/otmanual/index.htm.Google Scholar
IEA (various issues), Performance Profile of Major Energy Producers.Google Scholar
Johnston, D., (2008), ‘Changing fiscal landscape’, Journal of World Energy Law & Business, 1, 1, pp. 3154, available at: http://jwelb.oxfordjournals.org/content/1/1/31.full.pdf.CrossRefGoogle Scholar
Kaufmann, R.K., (2010), ‘The role of market fundamental and speculation in recent price changes for crude oil’, Energy Policy, 39, pp. 105–15.Google Scholar
Kilian, L., (2008), ‘Why does gasoline costs so much? A joint model of the global crude oil market and the U.S. retail gasoline market’, Centre for Economic and Policy Research, discussion paper no. 6919.Google Scholar
OBR (2012), Economic & Fiscal Outlook, Charts & Tables, available at: http://budgetresponsibility.independent.cov.uk/economic-and-fiscal-outlook-march-2012.Google Scholar
Purvin & Gertz, Inc., (2008), Study on Oil Refining and Oil Markets, prepared for the European Commission, January.Google Scholar
UKPIA (2011), Statistical Review 2011, available at: http://www.ukpia.com/files/pdf/stats-review-2011.pdf.Google Scholar
UKPIA (various issues), UK Average Major Brand Petrol and Diesel Pump Prices, available at: http://www.ukpia.com/fuel-prices-historic-data.aspx.Google Scholar