EUR/USD 1.15951
-0.120%
Gold 4079.52
-0.461%
Oil 59.786
0.940%
USD/JPY 152.469
0.330%
GBP/USD 1.33353
-0.155%
GBP/JPY 203.325
0.187%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Hang Seng Index rose in the short term, and the Hang Seng Tech Index narrowed its losses to 0.5%.According to Investopedia, a financial website, forecasters predict that U.S. inflation may have risen to a 17-month high in September as tariffs push up prices. A Wall Street Journal survey of economists indicates that the CPI report, due this Friday, is likely to show a 3.1% annual increase in overall prices in December. Rising inflation would highlight the impact of Trumps tariffs, which have risen almost every month since the tariffs were announced in April. Despite rising prices, lower rent increases may prevent overall inflation from rising too much. Core inflation is expected to rise 3.1% in September, unchanged from August. Overall, the increase in inflation may not be large enough to prevent the Federal Reserve from cutting interest rates in late October. Having already cut rates by 25 basis points in September to support the sluggish job market, the Fed is now more focused on the job market than on combating inflation. Wells Fargo economists Sarah House and Nicole Cervi said, "We expect goods inflation to remain elevated due to the continued pass-through of tariffs, while easing primary housing costs should help mitigate services inflation."On October 23rd, Goldman Sachs economists said in a report that the Bank of Japan is likely to keep its policy rate unchanged next week from a risk management perspective amid high uncertainty. They said: "After assessing that uncertainty in its baseline outlook is high, the Bank of Japan is likely to judge that while downside risks to the economic outlook are substantial, upside risks to the price outlook are also substantial." They pointed out that the Bank of Japan is likely to maintain its stance of gradual rate hikes.The South Korean won fell to its lowest level against the dollar since mid-May.Indian state refiners are reviewing bills of lading for Russian oil cargoes arriving after Nov. 21 to ensure there are no direct supplies from Rosneft and Lukoil, which are subject to U.S. sanctions, sources said.

Fuel Price Map: Does Your Petrol Cost More?

Haiden Holmes

Apr 01, 2022 10:25

F1.png


The growing cost of fuel at the petrol station forecourt has been one of the most noticeable price rises. Even with chancellor Rishi Sunak's 5p per liter reduction in fuel tax, motorists are spending far more to fill up than they were only a few months ago.


  • Inflation reaches a 30-year high and may continue to grow further.

  • Stock markets that behaved as if the Ukraine war had never occurred.


Increased demand as a result of the epidemic has already resulted in a rise in petrol prices. Now, it is the war in Ukraine and sanctions against Russia that have pushed petrol prices to a record high, threatening the West's supply of fuel.


With this in mind, we asked colleagues at Interactive Investor to locate the cheapest and most costly petrol station forecourts in their neighborhood for the weekend of 26-27 March 2022.


We've previously conducted our own investigation into the cost-of-living problem, lately noticing a huge increase in the price of pasta and other common household products at local supermarkets. Now, we've taken the road to ascertain the prices motorists pay for unleaded and diesel at forecourts throughout the United Kingdom.


While it is a quick survey of hand-selected stations, it covers the whole length and width of the United Kingdom and reveals some enormous regional discrepancies.


Our results are shown in the interactive Gas Fuel Price Map of the United Kingdom below.


Congratulations if you reside in Cardiff. According to our study, it is the cheapest spot to get fuel, with a gallon of unleaded costing 156.7p. It's 169.9p, an 8.4 percent increase, three and a half hours up the highway in Stockport. Is it prohibitively expensive? If you go 50 miles to Leeds, you can purchase it for 156.9p.


With an average fuel tank capacity of 55 liters, filling up in Stockport costs £7.26 more than in Cardiff. If you drive a diesel vehicle, the fee is much higher - £8.25. At 169.9p, Leeds is the cheapest destination for diesel drivers. In Manchester, a liter costs 184.9p, an increase of 8.8 percent.


While diesel is much more costly than unleaded, the difference in price between the cheapest unleaded and the most expensive diesel is 28p, or 18%, a terrific price for going electric!

Suggestion