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148 02 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BBCNEWS BBC News February 14, 2022 11:43:00

a litre on average across the uk. the rise comes a week after oil giant bp published its highest annual profit in eight years amid mounting pressure on the sector as the cost of living crisis deepens. joining me now is simon williams, spokesperson for the rac. welcome, thank you forjoining us. so why are prices at this level now? the price of oil has risen, teetering on the brink of $100 a barrel and it has gone up drastically since life has come a bit mask to normal as we emerge from the pandemic. and unfortunately this is meaning bad news for drivers because obviously high oil prices means higher prices generally, the exchange rate is also important because fuel is traded in dollars so we see the pound to be strong against the dollar, it is about $1.36 to the pound and not the best

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