Recent price rises are a lot to do with the pound's weakness than the price of oil. Blame QE and our balance of payments.
Jesus H Titty Christ, ANOTHER penny today. 138.9!
The disparity in prices is really quite shocking, I filled up in Birmingham for £1.337 and coming back into Cambridge I noticed it was £1.429
A "shocking" 7 percent higher in at one pump than another? Name me a widely sold product that doesn't have higher disparity? Look around the 'net at books, computer parts etc...
It never ceases to amaze me how much attention fuel prices receive. Firstly fuel prices are
incredibly uniform across the county. Literally only varying by a few percent from the most expensive forecourt to the cheapest. I can't think of a more stably priced good. Beer, pizzas, clothes, rent etc. all vary far more than fuel.
Secondly, we have a huge amount of control. In the face of prices literally only changing by a few percent we can choose to drive at 55mph or 75mph saving dramatically more than price change. Most of us can reduce our milage a bit by cutting out a trip every now and then, working from home occasionally, car sharing once in a while etc. In the longer term we can choose to drive a car that does 30, 50 or even knocking on 70mpg, again a difference dramatically greater than the price change.
In short; I see small price changes in the grand scheme of things, I see a lot of control over our fuel use and yet a major overreaction by a lot of people.