There are two reasons for this.
First, the market price per barrel quoted on the NYMEX or for Brent is not what we pay at the pump... there's a relationship, but its not direct - there are time delays and other factors involved too.
Second, oil is quoted in US Dollars and the Dollar has increased 20% against Sterling in the last few weeks. This has negated some of the effects of the falling oil spot price.
The bad news is that its not having the expected effect on pump prices [just yet]... but the good news, if there can be any at the moment, is that the continued market uncertainty will continue to drive the oil price lower still. Pump prices are highly likely to tumble in the weeks ahead.
Unrelated to all of that... I think Jezza would be a fantastic PM. Its just what we need right now - a dose of common sense into running this country.
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