Price of diesel on UK forecourts reaches all-time high
Context
Fallout from Iran conflict continues to drive up bill for motorists with record average cost now at 199.18p a litre The price of diesel on UK forecourts has hit an all-time high average of 199.18p a litre, as the conflict in the Middle East continues to drive the cost of fuel to record levels. The price, which previously peaked at 199.09p in June 2022 after Russia’s invasion of Ukraine, could soon top the £2 mark after Donald Trump rejected Iran’s proposal for a seven-day peace deal to reopen the critical oil and gas shipping route through the strait of Hormuz. Continue reading...
What it means
Causal chain
No clear market signal
How to read a signal
- Severity
- the event's market impact, 1–5
- Direction
- ↑ / ↓ likely price move for the asset
- Exp. move
- the size of the abnormal move we'd expect if the call plays out — not a claim a move will happen:Most flagged events don't move beyond noise; those count against us (see the track record).Ssmall<1%Mmoderate1–5%Llarge>5%
- Timeframe
- the window we measure over:1dshort5dmedium21dlong
- Conviction
- how well-established the directional call is (textbook → speculative) — not a guaranteed outcome:lowaveragestrong
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Sign up free →Not investment advice · for informational purposes only. Generated 28 Sept, 11:03 UTC