With oil prices falling to an 11-year low,we sight at whether it’s good news or unfriendly for motorists, airlines and the economy
The price of oil has fallen to a fresh low, and with a glut of production coming not just from US frackers but also from Iran as sanctions are lifted. Supermarkets are fighting each other to offer unleaded petrol at below £1 a litre,and economists are pencilling in higher growth as consumers feel the benefit. On Monday morning the price of Brent crude fell another 1.6% to hit just $36.30. So what does this mean for motorists and everyone else?Continue reading...
Source: theguardian.com