The World Turned Upside Down - 22 July 2015

Remarkable things happened to fuel prices in 2015. After a long period of seemingly inexorable increases, prices started to decline (although there was a brief reversal of this trend). It was also noticeable that the differential between petrol and diesel which had become substantial - with diesel being more expensive - began to shrink.

In July 2015, diesel became cheaper than petrol at many outlets and this was reported as being the first time since 2001. It had never been explained (to my satisfaction) why diesel, the less refined product, should be more expensive. For a long while the differential essentially removed the historical advantage of driving a diesel for even high mileage drivers.

Now the fuel world has been turned upside down - or back the right way up.

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