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Why haven't petrol prices gone back down yet? A new business model might explain why

By Andrew Barron, Sêr Cymru Chair of Low Carbon Energy and Environment, Swansea University

Across the UK the cost of filling up cars shot up in November when wholesale oil prices rose. But when crude oil prices went down again, costs at the pump did not drop back to previous levels. This has prompted UK motoring organisation, the RAC, to complain that drivers are being overcharged. So, what is going on?

Traditionally UK petrol prices have a strong relationship

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