I’ve been doing some research into the price of petrol, or more particularly the increase in price of petrol, since December 2006 compared to the price of oil.
The outcome of the analysis hasn’t exactly matched my expectations (and possibly will be a surprise to you). I’ll publish the numbers tomorrow, but first, some questions for you.
- Since December 2006, how much has the price of unleaded petrol increased by?
- In the same period of time, how much has a barrel of oil increased by?
- Based on questions 1 and 2, are Irish consumers better or worse off since December 2006?