UK Gasoline Prices Surge To Record Highs ...Middle East

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UK Gasoline Prices Surge To Record Highs
Gasoline prices in the UK hit an all-time high this week, with a liter averaging over $2.30, Bloomberg has reported, noting that this makes UK gasoline the costliest in the five biggest European economies. RAC, the automotive services organization, noted that retail gasoline prices have diverged from wholesale prices, which have been on the decline for five weeks in a row. "We would love to hear their reasoning for keeping their prices so high in this instance," said Simon Williams, a spokesman for the RAC. The spike in retail fuel prices has caused…

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