#fuel-prices

#fuel-prices

An Garda Síochána has issued a public warning about potential major traffic disruption expected from early on Tuesday morning due to a planned nationwide fuel protest.

"Fuel is the largest contributor to airline operating costs, and a temporary surcharge helps us manage the recent surge in fuel prices."

On average, fuel prices are up almost a dollar per gallon, or 25 percent, according to AAA. For a nation as addicted to the automotive as we are, that's bad news. Except, of course, for electric vehicles.

According to a survey of over 13,000 members conducted by the AA, an estimated 21.7 million journeys are expected across the UK on Thursday, making this one of the busiest Easters in recent years.

The French government has temporarily authorised the sale of diesel fuel with lower cold-weather resistance to prevent shortages amid rising prices at the pump.

"The waiver ensures a robustly available supply of domestic fuel, providing Americans further relief at the pumps, and reducing our reliance on foreign oil."

The idea that this is a temporary crisis, and that the economic effects will fade away once the bombing stops, is unfortunately no longer relevant. This situation amounts to a new oil shock. And if this energy shock persists beyond a few weeks, the crisis could spread more widely throughout the economy and, in essence, take on a more systemic nature.

The Brent Oil Index places the global price of a barrel of oil at $110 (€95), an increase of 57pc compared to before the joint US-Israeli strikes against Iran began.

Households, especially those that rely on their cars, are increasingly burdened as a result of the conflict in the Gulf. Drivers deserve—and should expect—to be treated fairly, particularly as pump prices continue to climb.