May 30, 2022
Record Petrol Prices Do Nothing to Stop Brits Filling Up: Chart
Bloomberg News
,
(Bloomberg) -- British drivers’ demand for road fuel isn’t showing much of a drop despite surging gasoline and diesel prices. The soaring costs are stoking inflation and worsening the cost of living crisis. With signs of global economic growth stalling, the oil market is on alert for any signs of demand destruction -- it’s not obviously happening in the UK yet.
©2022 Bloomberg L.P.