I know this topic has come up before but I'm at a loss to understand how the cost of fuel is going up since the price of a barrel of oil has gone down. In fact since July/August last year the cost has remained at roughly $110. Yet still the petrol companies insist that the rise is due to costs going up, even though most people have access to the Net where they can see that this isn't so. I suppose it didn't help when a government "quango" was set up to look into prices and found no anomalies, do these people not drive cars?
It's always the same. I have read all of these explanations in the newsappers:
The value of the pound goes up, the UK price of fuel goes up.
The value of the pound goes down, the UK price of fuel goes up.
The value of the dollar goes up, the UK price of fuel goes up.
The value of the dollar goes down, the UK price of fuel goes up.
Don't ask me why, ask the oil companies. And then buy their shares.