Oil prices has gone down but not pass onto consumers

Posted By on October 12, 2011

US Light Crude Oil prices has gone down to $76.56 a barrel last month and has since it has been hovering around $84. But why the high street petrol prices hasn’t gone down?

Media and business news was quick to announced the barrel of oil has shoot up over $100. However, since then it hasn’t mention in front pages that it has gone down. What’s the goverment doing about it? Why oil prices is still the same price when it was peak?