Fuel Prices On The Rise Again

Fuel prices are guaranteed to rise as oil prices soared to the highest level in more than two years due to the violence in Libya. Libya has sizeable exports and the fear is that violence would spread into neighbouring countries in the middle east.

Many of the main oil companies suspended production in Libya including UK based BP. The fall of the governments in Tunisia and Egypt has sparked protests in Bahrain, Yemen, Morocco, Jordan and Iran.

This has added about $10 to the price of crude oil, and will have a direct knock on effect to pump prices in the coming weeks when refineries re stock.


RELATED POSTS

2015 Jaguar XJR facelift spied for the first time
BMW X7 SUV confirmed, will be built at Spartanburg factory in South Carolina
Xcar takes a closer look at Renovo Coupe: America's first electric supercar [VIDEO]
This is how you drift a 624bhp Rolls-Royce Wraith coupe around a beautiful British garden
Volvo S60 Cross Country saloon is a segment first and we love it
Production-spec 2015 Honda Civic Type R revealed, priced from £29,995
Lotus Elise 20th Anniversary Edition revealed, priced from £39,900
Volvo V40 Carbon Edition introduced for limited markets
Volvo XC90 R-Design revealed, priced from £49,785
New BMW 740e and 740Le xDrive now on sale
All-new Ford GT has the dashboard of the future (VIDEO)
Nine cars women are most attracted to
Tags: , ,
linode.com