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

Winter driving tips: Prepare yourself and your car [infographic]
Audi S3 Cabriolet revealed with 296bhp
Helpful hints for racing car drivers and best tracks in the UK
Brabus 800 iBusiness based on the Mercedes G 65 AMG revealed
BMW X4 revealed ahead of New York Motor Show debut, priced from £36,590
Several tips how to find online nearly new cars in Edinburgh
2015 Porsche Cayenne facelift revealed with a new twin-turbo V6 and new S E-Hybrid
Yamaha unveils a funky 01GEN three wheeler "on & off crossover" concept
Blast from the past: Xcar takes a closer look at DeLorean DMC-12
A trio of final Land Rover Defender special editions revealed
Renault Alpine Celebration concept debuts at Le Mans
Buy and build your Volvo – from anywhere!
Tags: , ,
linode.com