Fuel Oil News January 2018 | Page 9

Prices & Margins 2017 Regional margins Average kero margins 2017 9.00 8.00 The source of the graphs on this page is the Price Totem data published each month in Fuel Oil News. Figures for the Republic of Ireland are adjusted by the exchange rate to be comparable to pence per litre. Margins in Ireland have improved but this is, to some extent, an exchange rate effect – the Euro having risen by 4% against sterling during the course of the year. Most notable in 2017 were the margins available in the South East, averaging over 8 pence per litre for kero and 4 pence per litre for gas oil. The South West enjoyed better margins for kero and Northern Ireland had better margins for gas oil. 7.00 6.00 5.00 4.00 3.00 2.00 Prices fluctuate Having recovered the ground lost in 2015 by the end of 2016, prices steadied in 2017, bar the summer dip, ending the year close to where they started. Dec 2017 Inc/Dec 31.66 35.45 +12% Gasoil 42.26 45.18 +7% Derv 89.37 92.96 +4% Platts buying prices The Fuel Oil News Price Totem has been produced every month for over 30 years. The Price Totem relies on the participation of fuel oil distributors across the UK and Ireland and additional contributors are always welcome. If your company would like to assist, please email jane@fueloilnews. co.uk. All information provided is treated in the strictest confidence. Average gas oil margins 2017 6.00 5.00 Dec 2016 Kero 4.00 3.00 2.00 1.00 Average ULSD margins 2017 100.00 Average buying prices 2017 – ULSD 4.00 3.00 95.00 2.00 90.00 1.00 80.00 85.00 5.00 6.00 55.00 50.00 45.00 40.00 35.00 30.00 25.00 20.00 15.00 Average buying prices 2017 – kero and gas oil Fuel Oil News | January 2018 9