Fuel prices
The start of the Iraq War in 2003, hurricane damage to US refineries in 2005, conflict in Lebanon in 2006, increased demand from emerging economies, geopolitical tensions, and the weak dollar in 2008 have all led to crude oil price increases. Prices of fuels and index of crude oil prices - Source: Department of Energy & Climate Change 150
Crude oil acquired by refineries Diesel
Premium unleaded 120 90 60 30 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
“Formula for success: rise early, work hard, strike oil”
J. Paul Getty
Household shopping and eating habits In the UK an average 11.4 per cent of all household spend went on food in 2013. For the lowest 20 per cent of households by equivalised income it was 16.5 per cent. Department for Environment, Food and Rural Affairs - Family Food 2013
2003
11% 59% 22%
8% Eating out (incl alcohol) Eating out (excl alcohol) Household alcohol 2013
7% 63% 22%
8% Household (excl alcohol) Contribution to growth
In May 2015, all four main retail sectors saw an increase in the quantity bought (volume). The largest contribution came from the non-food stores sector. Contributions to year-on-year volume growth from the four main retail sectors (May 2014 to May 2015, percentage points)
0 1 2 3 4 5
Retail sales
The volume of retail sales in April 2015 was 11% higher than it was in April 2013, corresponding to an average annual growth rate of 1.1% Growth in the volume of retail sales: three months to April 2015 %
-2 -1 0 1 2 3 4 5 6
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Food stores
Non-food stores
Non-store retailing
Petrol stations
Total
SUMMER 2015 SOCIETY NOW 21
Pence per litre
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