In the last month the exchange rate of the UK pound against the USA dollar has improved by about 10%. The wholesale price of a barrel of oil has fallen by about 10%.
This should mean the proportion of the price of fuel due to barrel prices (excluding tax, delivery etc.) should have improved by about 20% resulting in a drop in fuel prices at garages.
What has happened in the real world? Prices have hardly changed.
You will notice in the increased profits of the oil companies :-(
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