Crude oil prices are now at a one-year high of $75 a barrel. Last summer the price rose to $147 a barrel. Last January the price collapsed to $35 a barrel. Why all these statistics? Well, have you noticed any significant changes in the petrol and diesel prices when you fill-up your car? The cost of fuel did drop below £1 a litre, but at the time I thought the oil companies were keeping the price artificially high. I still think the same now, although I bet we will see further rises in the coming weeks.
It's worth noting during this recession the oil companies are making damned sure their profits are as high as possible, at the expense of motorists struggling to make ends meet.
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