View Single Post
Old 13-04-2022, 07:53 PM #18
Crimson Dynamo's Avatar
Crimson Dynamo Crimson Dynamo is offline
The voice of reason
 
Join Date: Oct 2009
Posts: 103,974


Crimson Dynamo Crimson Dynamo is offline
The voice of reason
Crimson Dynamo's Avatar
 
Join Date: Oct 2009
Posts: 103,974


Thumbs down

Why are pump prices so high?

The price of fuel has increased because the price for crude oil, which is used to make petrol and diesel, has risen.

At the start of the Covid pandemic demand for energy collapsed - pushing down prices.

As life has returned to normal - and demand for energy has grown - suppliers have sometimes struggled to meet this demand and prices have risen.

What impact has the war in Ukraine had?


Prices were rising before the war in Ukraine - and the fallout from Russia's invasion has made things worse.

The US has announced a complete ban on Russian oil imports. The UK is to phase out Russian oil by the end of the year.

Russia is the European Union's biggest oil trading partner and is one of the world's largest oil exporters.


It means demand for oil from other producers has increased, leading to higher prices

https://www.bbc.co.uk/news/business-52188448

bad when even the left wing BBC disagree

Crimson Dynamo is offline   Reply With QuoteReply With Quote