Economic analysis of crude oil market and its impacts upon fuel price in the Czech Republic

Bc. Tomáš Oliva, BSc

Diplomová práce

Abstract:

The price of crude oil and crude oil fuels is a much discussed topic nowadays. It is due to the fact that the crude oil is one of the mostly used commodity all around the world. The diploma thesis aims to analyze relationship in price of crude oil and fuels, to evaluate impact of excise tax and value added tax on the price of fuels and to analyze the situation of crude oil fuel price in the Czech Republic. The theoretical part describes factors influencing price of crude oil and fuel from the origin of crude oil over extraction and production process to the current situation in the world which is influenced by organizations and policies. The analytical part of thesis is focusing on development of crude oil price and price of fuels, relations between fuel price, crude oil price and taxes as well as explaining of price making process and analyzing of chosen gas stations situation. Furthermore the analytical part provides short prognosis of development of fuel price. It is found that around half of the fuel price is consisting of taxes alone.

Keywords

Fuels, CCS, Crude Oil, Platts, OPEC, FOB Rotterdam

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 28. 3. 2017

Obhajoba závěrečné práce

• Vedoucí: Ing. Petr Procházka, MSc Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program / obor:
Economics and Management / Economics and Management