UK Business

Why haven't petrol prices gone back down yet? A new business model might explain why

Written by Andrew Barron, Sêr Cymru Chair of Low Carbon Energy and Environment, Swansea University

Petrol prices reflect lots of elements not just crude oil wholesale cost.Tomas K/Shutterstock

Across the UK the cost of filling up cars shot up in November when wholesale oil prices rose. But when crude oil prices went down again, costs at the pump did not drop back to previous levels. This has prompted UK motoring organisation, the RAC, to complain...

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