Drivers avoided filling up at petrol stations last month as soaring fuel prices triggered by the Iran conflict prompted motorists to delay purchases, according to the AA.
Drivers avoided filling up at petrol stations last month as soaring fuel prices triggered by the Iran conflict prompted motorists to delay purchases, according to the AA.
UK fuel prices have started rising again following last week’s sharp surge in oil markets, which briefly pushed crude prices to their highest level in four years.
Farmers across Britain are beginning to feel the impact of the global energy crunch, with diesel supplies tightening and rationing emerging in some areas.
A large oil drilling rig toppled over Friday afternoon on Alaska’s North Slope while being moved across the tundra, authorities said.
Petrol stations have been accused of overcharging drivers after the competition watchdog reported a sharp rise in fuel profit margins.
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The Kremlin can now largely disregard the G7’s price cap on Russian oil exports, as the global benchmark price has fallen below $60 a barrel.
Oil prices are hovering near their lowest point in four years, prompting renewed calls for fuel retailers to lower pump prices.
Russia’s sudden eagerness to engage with U.S. President Donald Trump’s efforts to end the war in Ukraine comes as no surprise. The Kremlin is desperate for the conflict to conclude,
The AA has warned that petrol prices remain “uncomfortably close” to their peak levels from the first two years of the Ukraine war despite a global slump in oil prices.
Great Britain’s new energy price cap of £1,738 takes effect on January 1st, but there are still opportunities to secure more favourable deals.
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