Britain's Diesel Crisis: A Perfect Storm of War and Economics The diesel crisis sweeping across Britain is not just another symptom of the global energy shortage; it's a perfect storm that will unleash economic chaos on households, small businesses, and rural communities.
The average price of diesel approaches £2 a litre, with some forecourts already charging above this psychologically important mark. This surge in fuel prices is due to several factors.
Brent crude oil has hit four year highs, but the global refining capacity shortage also plays a significant role. The Middle East crisis has damaged many refineries, which once supplied 10% of the world's fuels.