Petrol prices are always on the rise. I decided to do some analysis on some raw data comparing the price of Brent crude oil and the price of petrol. The details of the analysis are on my site. I found out that there is a direct correlation between the price of Brent crude oil and the price of petrol at the pump excluding duty and VAT.
I concluded that if the price of Brent crude oil stays at $115 per barrel then the price of petrol will increase to 136.14 +/- 3.92 pence per litre, with petrol at around 125 at the time of the analysis.
