Petrol shortages aren’t coming for Britain |
Oil prices rose this morning thanks to the fact no one really knows if the Strait of Hormuz has reopened or not. But no matter what happens, there is almost no risk that Britain will face petrol shortages because of this instability.
Petrol prices at the pump have risen since the conflict began at the end of February. Nevertheless, there has not been any serious national disruption for motorists, beyond a few local closures and some long queues.
Other countries have not had such an easy ride of it. Queues have become so bad in Pakistan that there have been several killings in fuel queues. Bangladesh is at risk of a mobile telecom blackout because of fuel shortages. Some countries have even moved to shorter working weeks to reduce........