Fuel Price Rises Despite Oil Being Cheaper

Motorists are still being hit by rises in petrol prices - even though oil is up to 27% cheaper than in mid-July. The failure of oil companies to pass...... (more)

by Learjet

During all the calculations, one factor is missing. The Exchange rate Pound vs Dollar. In the first week July it averaged 1.9862, this past week it averaged 1.7763. This affects what people pay for fuel in the UK. The Oil Industry works in US Dollar's, not Pounds.

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