Consumers worldwide are witness to the fluctuations in the fuel prices recently and the Middle East is no exception. Why do fuel prices rise and fall so frequently in a region with such huge oil reserves? In the long term, the greatest single factor influencing fuel prices is the cost of crude oil. However, supply, demand and competition can have a significant impact on fuel prices in the short-term.
via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1FG7ZZV