Lets step back a bit from all the forecourt hysteria shall we?
Panic buying of petrol is simple market manipulation pure and simple.
Take a look at the big picture, has the raw material supply costs increased? Is their a desire/need to raise cost with minimum public outcry?
It is a market fact that when a product becomes “in great demand” people will unquestionably accept disproportional price increases, even more so if the initial demand/price hike is alligned to a nobel cause.
Someone has to support the cost increase given the current trade situation with Iran, you can be sure that it is not going to be coming out of oil company profits. (which they continually do)
I wonder just how much the likes of Tullow Oil and its market bed fellows have donated towards our Inglorious Ruling Oligarchs be it luncheon, dinner or a reach around?
On the subject of middle east, it’s worth noting that a starving dog is more likely to bite and a western populace in panic prefers to be led.
oh, Armageddon days are here again.
I’m off to stock up on tinned goods, batteries and shotgun cartridges, quick.