September 14, 2007
Something I Didn't Know
Yes, yes, OK, there's a long list of things I didn't and don't know but at least I do now know this:
This left refiners with a lot of stock that they could only shift by keeping prices down, Mr Holloway said. In any case, the market dynamics of petrol are very different to crude. Once the raw material is boiled down and turned into petrol, this end product has a limited shelf life. Petrol is difficult to store, and goes off after a time. It can be re-processed, but this is an expensive procedure.
Petrol has a shelf life? Who knew?
Another nice point made by Dean Baker. Yes, the oil price is rising in $. But the dollar is falling against other currencies. The price in € and £ isn't rising as fast at all.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Something I Didn't Know:
Petrol can go off in less than a month. Ask any motorcyclist who parks up for the winter and they will tell you of the pain of old fuel.
Petrol has an annoying habit of soaking up water which is why a car which hasn't been run in a month is so difficult to start, and when it does, throws out a load of white smoke from the exhaust!
Posted by: F0ul | Sep 14, 2007 10:45:02 AM
Does diesel fuel for cars also have a limited shelf-life?
Did the limited shelf-life for petrol also apply to the old leaded petrol?
Posted by: Bob B | Sep 14, 2007 11:55:42 AM
Yes, though to a lesser extent.
Posted by: Ian Bennett | Sep 14, 2007 12:18:41 PM
Posted by: brian | Sep 14, 2007 12:42:50 PM
Yachstmen know this too, because one thing you really don't want to do is leave the petrol in the outboard over the winter.
Come Spring, you'll be rowing...
Posted by: Andrew Duffin | Sep 14, 2007 3:52:01 PM