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Synthetic fuels are nothing particularly new, and we're familiar with GTL (Gas to Liquid) fuels that are made from natural gas. The Fischer-Tropsch process that's used for this can employ all kinds of hydrocarbon raw materials, to create designer fuels like kerosene, petrol and diesel, all of them significantly purer and lower in emissions than equivalent fuels derived from crude oil. It can also be used to synthesise the base materials for advanced synthetic lubricating oils.
There’s no denying that it has never been so expensive to fill up. The mainstream media do not appear to be interviewing taxi drivers and hauliers, who must be spending a colossal amount of extra money on fuel. My average fill-up costs me an extra £20-£30 in some cases, especially with the introduction of E10 in standard unleaded petrol, so I’ve had to switch to the more expensive E5-rated super unleaded. The price at the pump as I write for standard unleaded petrol is 147.28p and diesel 150.