Do petrol retailers really ‘price-gouge’ during oil price spikes?
- Written by Nikhil Datta, Assistant Professor, Economics, University of Warwick
Irene Miller/ShutterstockThe US-Israel strikes on Iran in late February caused an immediate spike in oil prices, and volatility has only increased since then. It quickly led to fears among motorists of “price-gouging” – petrol retailers raising their prices to take advantage of consumer panic.
In the UK, Chancellor Rachel Reeves a...







