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.


Porsche 911 Targa teased for Detroit debut
2015 Jaguar XE full body prototype spied for the first time
Honda NM4 Vultus motorcycle with futuristic design revealed
2018 flagship BMW X7 SUV rendered
One-off Morgan SP1 (Special Project 1) debuts at Salon Prive
McLaren goes back in time to take a closer look at the unique F1 owners manual
Mercedes-Benz Vision G-Code concept has a solar cell paint that also draws energy from the wind
A dealer’s guide to the best family cars for 2015
Meet Paul Bailey, the man who owns Porsche 918 Spyder, McLaren P1 and Ferrari LaFerrari
2015 Porsche 911 (991) GT3 RS unveiled with 500bhp
Aston Martin launches new AMR brand
Skoda previews a new compact SUV called Karoq
Tags: , ,