In the year 2009, during when CPI and RPI was at its lowest, fuel prices dropped as well (crude oil price) by more than three times less from having been at 243 index number to a low 74.
The price drop could possibly have been caused by the recession which was at its worse in 2009. More drivers and motorcyclists would therefore try to stay off the road to save as much money as they can.
Natural disasters caused changes in fuel prices. The BP spillage in 2012 caused low confidence among customers using BP and increased the price of fuel due to this. As well as this, the amount of countries that produce crude oil has an effect on the prices. Iraq and Iran currently have lots of oil making their oil a lot cheaper to buy than other countries that have less fuel.
A student in England studying Automotive Engineering with Motorsport, Will created Ask Will Online back in 2010 to help students revise and bloggers make money. You can follow AskWillOnline via @AskWillOnline.
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About Will Green
At first, I was using Ask Will Online to help myself revise for school exams. I then started to find areas in blogging that were tricky to overcome so I started making articles on generally blogging help. Now, Ask Will Online has differentiated into many sub categories so that even more people can now take use of my website.