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BBCNEWS Breakfast June 4, 2024 06:09:00

Rocket and feather. prices go up like a rocket and fall like a feather. yes, the energy secretary grant shapps will give them until next month to voluntarily share live prices online, to help motorists find the cheapest fuel. it s all to do with the fact that petrol and diesel prices jumped when the war in ukraine began, as oil exports from russia were limited. the wholesale price went up sharply and so did the price at the pump. unleaded hit almost £2 per litre at the pump last year before coming back down. but there were accusations that retailers didn t drop the price quickly enough when the wholesale price fell. in fact, the competition watchdog found supermarkets were charging drivers an extra 6p per litre last year, and increasing their profit margins. the energy secretary says he is meeting petrol retailers today to challenge them on this. it s yet another element to the cost of living pressures on households, costs associated with driving going up, and putting a strain on al ....

Grant Shapps , Southern Ukraine , Oil Exports , Profit Margins , Petrol Retailers ,

BBCNEWS Breakfast June 4, 2024 05:11:00

They have evolved to not need the ability to support their own weight when they re out on land. so they do gradually crush themselves. and having been out for such a long time now, the effect of that crushing can potentially be fatal. pilot whales are one of the smaller species and part of the dolphin family. they re known for their strong social bonds. when one gets into difficulty, others often follow. one of the female whales was giving birth, and this may have led to the stranding. jamie mciver, bbc news. the bosses of major supermarkets and other fuel retailers will meet the energy secretary today, to discuss concerns that a drop in the wholesale price of fuel hasn t been passed on to consumers quickly enough. ben s looking at this for us this morning. yes, the energy secretary grant shapps will give them until next month, to voluntarily share live prices online, to help motorists find the cheapest fuel. unleaded hit almost £2 per litre at the pump last year before coming back do ....

Pilot Whales , Bbc News , Dolphin Family , Jamie Mciver , Ben Thompson , Fuel Hasn T , Fuel Retailers , Energy Secretary Today , Grant Shapps ,

Opinion: Welcome to Canada, the land of free roads, cheap gas – and the world's least fuel-efficient cars

Canada has some of the lowest gas taxes in the developed world, and owns the lion’s share of gas-guzzling cars ....

United States , United Kingdom , New York , Sam Houston , John Tory , Canadian Fuels Association , New York Times , International Energy Agency , Don Valley Parkway , Log Increate Free , Eastern Townships , New England , Florida Turnpike , Sam Houston Tollway , Champlain Bridge , Durham Region , Progressive Conservative , New Democratic , British Columbia , Don Valley , Statistics Canada ,

BBCNEWS BBC News June 4, 2024 22:07:00

The regulators step in to make them? they have a statutory responsibility to, after all. in a moment we ll talk to a former regulator. but first, here s ben. what is greedflation ? in a nutshell, it s the theory that our high and sticky rates of inflation are due primarily to profiteering by companies. now, the evidence for that being the case on an economy wide level in the uk is questionable. yet there is evidence increasingly coming in of what one might reasonably call profiteering in certain high profile sectors of our economy. take petrol and diesel prices. the competition and markets authority said on monday that uk supermarkets did push up their profit margins on fuel sharply last year to, as you can see here, above i2%, something which, it says, led to drivers paying an extra 6p per litre than they should have. take high street banks. this red line shows the profit margin of banks, basically the difference between the rate at which they lend to mortgage ....

His Questionable , Competition And Markets Authority , Profit Margins , Profit Margin , Red Line , Above I2 , High Street ,

BBCNEWS BBC News at One June 4, 2024 12:06:00

From palestinian ambulance drivers, saying they are unable to reach the dozens of injured, asking for humanitarian pause so they can go in there. but at the moment, this is an intense military operation and it is ongoing. intense military operation and it is onauoin. ., . ., ongoing. yolande knell there, our correspondent ongoing. yolande knell there, our correspondent in ongoing. yolande knell there, our correspondent in jenin. a watchdog has found that drivers paid more for fuel at supermarkets last year because of a lack of competition between retailers. the competition and markets authority says drivers paid an average of an extra six pence a litre for fuel with diesel 13 pence a litre more expensive. the government is now promising a change in the law to increase competition. our business correspondent theo leggett is with me now. the competition regulator s been carrying out a major study into how much we pay for fuel. last year we saw a huge increase in prices between ja ....

Military Operation , Ambulance Drivers , Yolande Knell Is Injenin , Competition And Markets Authority , Theo Leggett , Competition Regulator , Eastern Ukraine , 50p A Litre ,