Fuel Prices Surge After Middle East Conflict

0:00On March 2nd, dozens of cars lined up at the Costco Fuel Station in Trafford Park near the Trafford Center on March 2nd. This rush comes right after conflict broke out in the Middle East on February 28th, sparking worries over higher fuel costs. Oil prices jump sharply, with Brent Crude climbing as much as 13% to over $82 a barrel before easing back a bit. UK petrol stations have started nudging pump prices up slightly to match rising wholesale costs. Modering groups, like the AA, warned that prices could climb back toward early-year levels around 135 pence per liter compared to. Last must low of about 132 pence. They urge drivers not to change their usual refueling habits as changes take time to hit the pumps. The rack agrees the conflict might push prices higher, but only if oil stays elevated long term, say at $100 a barrel, which can mean. petrol-nearing 150 pence per liter. Still, they say it's too early to tell for sure.

1:00Officials are keeping a close watch, with no disruptions to UK fuel supply so far. Energy stocks remain steady, and experts expect any real impacts to unfold gradually over the coming weeks.