Why are fuel oil prices still so high? Why do we pay so much at the pump?

Описание: Why are fuel oil prices still so high? Why do we pay so much at the pump? Is unrestricted speculation really responsible for the wild swings in oil prices that are hurting motorists and economies the world over? Gaurav Sharma, Independent Energy Analyst comments. Oil companies and refineries often make use of hedging mechanisms and this makes the trickle down effect is very slow. Also, a big portion of what we pay is taxation especially in the UK where the tax takings have constantly been rising over the years. If you've found this video useful, please click the like button and share it with your friends and remember to SUBSCRIBE to remain up-to-date!