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Why haven't petrol prices gone back down yet? A new business model might explain why

  • Written by Andrew Barron, Sêr Cymru Chair of Low Carbon Energy and Environment, Swansea University
Why haven't petrol prices gone back down yet? A new business model might explain whyPetrol prices reflect lots of elements not just crude oil wholesale cost.Tomas K/Shutterstock

Across the UK the cost of filling up cars shot up in November when wholesale oil prices rose. But when crude oil prices went down again, costs at the pump did not drop back to previous levels. This has prompted UK motoring organisation, the RAC, to complain...

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  1. The flagging UK car industry is moving too slowly on battery production to compete on the global market
  2. Shortages will continue, but for some sellers the problem will be too much stock
  3. New data shows COVID will continue to have a negative financial impact on many UK households
  4. Energy prices are unlikely to fall in 2022 or beyond – not until major importers get serious about green transition
  5. why they beat the rest of the high street as a retail experience
  6. the big factors to watch closely
  7. What capitalism can learn from the religions of the world
  8. Diversity in the workplace must be matched with an atmosphere of genuine inclusion
  9. Rishi Sunak's £1 billion business injection likely to need a booster almost immediately – economist
  10. is the race now on for a new owner?

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