The oil markets seem to react badly to almost every piece of news these days.The average petrol price looks set to hit £1 a litre within weeks after oil prices surged to a record high yesterday on the back of mounting tensions in the Middle East.
Unleaded fuel prices hit an all-time record of 97.02p a litre yesterday, the AA Motoring Trust said. Prices have risen 2p a litre in the past month alone.
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Is this Israeli / Lebanese thing really a reason for raising prices or is someone just taking the opportunity to make vast profits?
What do you think?