Thursday, 8 May 2008

Oil price up over 100% in last year

May 7th 2007 - oil closed at $61.47
May 7th 2008 - oil closed at $123.53

That's an increase of almost 101%.

In sterling, the price a year ago was £30.86, yesterday it was £62.63, a rise of almost 103%.
Expect to see rising petrol and diesel prices continue indefinitely...

If you've not heard of peak oil before, visit PowerSwitch UK


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