|
|
Influence of crude oil price upon fuel prices in the EU
Košťálová, Jindra ; Procházka, Petr (advisor) ; Aleš, Aleš (referee)
Nowadays, the price of fuels is much discussed topic, due to frequent changes and fluctuations. This bachelor thesis aims to analyze the development of fuel prices, with a focus on the crude oil as the main factor affecting the price. The first, theoretical part describes the major and minor factors influencing the price of oil and the price of fuel. Analytical part applies these factors on the real historical prices of both petrol Super 95 and diesel. Using the regression analysis, it is shown, how the change in price of crude oil influences the price of fuels in the Czech Republic. Furthermore, it examines the difference between the final prices at petrol stations in the various countries of the European Union. Prices are subsequently cleaned from the taxes and it is evaluated, where the change in price of crude oil influences the final margin of the distributors, thus on the final price of the fuels, the most. It is found that high price of the fuels does not automatically mean a high margin of the petrol stations, it only means high rate of excise duty.
|
guest ::
RSS feed.