摘要: |
The price of fuel was the biggest driver of vehicle operating costs in 2022, with the Russian invasion of Ukraine having a severe impact on global energy prices. Oil reached a peak of $127 per barrel in March 2022. Although oil prices fell in Q3 2022 as the global economy slowed down and countries began to use less oil, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia (OPEC+) decided to cut production targets to two million barrels a day from November through 2023, which will increase oil prices. Furthermore, the economic fallout of the UK's mini-budget in October resulted in a depreciation of sterling relative to the dollar, meaning imported crude oil and other petroleum products, which are sold in dollars, increased in price domestically. |