If the price of unleaded petrol is linked to the cost of a barrel of crude oil - as we know it is - why does the following ring my alarm bells...
Today - October 2008
Crude oil = $50.67 per barrel - equating to a pump price of £0.91.9p per litre? (average)
When, in August of last year (2007)
Crude oil = $78.77 per barrel - which equated to an average pump price of £0.91.9p per litre?
Someone, somewhere is getting very rich very quickly.
And it's not us drivers.
4 hours ago