The price just keeps going up - petrol and diesel are getting more and more expensive, yet the price of a barrel of crude oil HASN'T risen by the same %!
Why, coz the oil companies can charge what they like! Libya may have reduced production, but Saudi and the other producers ahve increased their's to compensate.
And surely this is a perect chance to get some money into the Iraqi economy - they have oil wells, so get their production up, get more money into the area and country and maybe that will help stabalise that area as the people see the results of the upheaval
But the price will still go up, as greed takes over - last week i read an article where a independant petrol station / company blamed the high price on the competition from the supermarkets! How can competition keep the price HIGH?
Competition lowers prices, by definition it makes it more competative not expensive!
And of course this rise has a knock on effect on everything, as transport costs etc rise, so do retail prices
the only thing not going up is wages
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