How do wholesale oil prices affect the cost of petrol and diesel at the pump?
Crude oil is a key ingredient in petrol and diesel, which means that higher wholesale costs make filling up a car more expensive.
Analysts say every $10 (£7.53) increase in the oil price pushes up pump prices by roughly 7p a litre.
Since the war began, the price of a barrel of Brent crude – the global benchmark for wholesale oil prices – has been very volatile, jumping from $73 to $126 a barrel at one point, the highest since Russia’s full-scale invasion of Ukraine.
That put the cost of filling a typical family car with petrol up by around £14. A tank of diesel became £27 more expensive.
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