Insight
Are motorists set to see a repeat of 2014’s gasoline price reprieve?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The current high gasoline prices resemble those last seen in 2014, could we see a repeat of the price reprieve that later followed? Despite the similarities, the chances of history repeating itself and pump prices dropping are remote. For prices on the forecourt to drop, the cost of crude oil needs to weaken. This seems unlikely given continued oil demand growth and US sanctions on Iranian crude. As such, high pump prices look set to be here to stay in the near term.
Table of contents
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Are motorists set to see a repeat of 2014’s gasoline price reprieve?
- So why is the retail price now so responsive to the global crude oil market? And will we see a repeat of 2014/2015’s weaker fuel prices?
Tables and charts
This report includes the following images and tables:
- Retail and crude price index (max price = 1)
- UK oil value chain price build up
What's included
This report contains:
