Drivers will be relieved to know that the fuel price rises of recent weeks appear to be slowing down and should hopefully top out now, said RAC head of policy Simon Williams. Since 6 July the average price of petrol has gone up 11p a litre adding £6 to the cost of a full tank (£89). Diesel has been even harder hit, going up 17p a litre since 9 July which … [Read more...]
Middle East conflict warning for motorists
The escalating conflict in the Middle East has put $100-per-barrel crude oil prices into sharp focus. Analysts from major institutions such as Barclays, Goldman Sachs, and JPMorgan are projecting potential spikes to $100-130 per barrel if the Hormuz Strait faces prolonged disruptions, as it handles about 20-21% of global oil supply and significant LNG … [Read more...]
