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Why are fuel prices so high?

Global events, like the US-Israeli conflict mentioned in the story, often cause uncertainty in oil markets. This can push up the price of crude oil, which is then passed on to you at the pump. Supply and demand, along with refinery costs and taxes, also play a big part in what you pay for petrol and diesel.

Stories that explain this

Donald Trump tells major oil firms to lower fuel costs

Related explainers

What is price manipulation? Could UK prices fall? How do oil firms make money? Why does the US care? Why are energy prices so high? Why are fuel prices rising? Why are London prices so high? Why are oil prices so high?

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