Cooking oil the price of. - pullgees

Vegetable oil and crude oil are both commodities but sold on different markets yet the price of cooking oil uncannily shadows the price of crude oil, now roughly £1.30 litre. Is this a coincidence or is the the price of cooking oil being artificially raised too deter motorists from buying cooking oil at the supermarkets?

I used to be able to buy cooking oil at about 30p -40p cheaper than diesel to add but not any longer.

Cooking oil the price of. - nortones2

A proportion of cooking oil gets hijacked to provide a "green" alternative to oil from the well, and there are poorer yields than there used to be, due to climatic reasons. Its called competition: resources are stretched. But commodity markets speculation make it more marked. Your financial-market saviours aren't so reliable are they Margaret? Pity we chopped manufacturing:)

Edited by nortones2 on 24/02/2011 at 16:05

Cooking oil the price of. - pullgees

Yes your right there is a shortfall due to the bio fuels demand. www.agrimoney.com/news/large-shortfall-to-prop-up-...l