Petrol

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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

http://www.bbc.co.uk/news/business-14508213

"Since 8 April, the cost of Brent crude has dropped by 18% - and the price of unleaded petrol has risen by 1.8%.

But the group that represents independent forecourts blamed other factors such as exchange rates."

We might have a devalued currency, but I'm not convinced that exchange rates are a significant factor, particularly as we produce oil domestically and the pound hasn't really moved against the dollar since April...

Jeff
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