The other day I was looking to see how European prices compare:
http://www.fuel-prices-europe.info/Petrol 95 RON 1,714 UK:
Most Expensive
1. 2,003 Norway
2. 1,874 Turkey
3. 1,814 Italy
Cheapest:
1. 0,610 Belarus
2. 0,737 Russia
3. 0,790 Ukraine
Diesel 1,735 UK:
Most Expensive:
1. 1,890 Norway
2. 1,750 Italy
3. 1,735 UK
Cheapest:
1. 0,630 Belarus
2. 0,745 Russia
3. 0,752 Ukraine
Quite a variation in prices between the cheapest and most expensive!
Energy prices are the Elephant in the room that is not going to go away.
Some of the prices increases at the moment are due to countries giving banks large amounts of money like QE in the UK, which is invested by the banks into oil and other commodities, where they are currently on a one-way price rise bet, and if the there is a price correction, they can always have some of that lovely fuel duty tax to bail them out.
So the banks make increased profits, we get to pay the bill through commodity and UK inflation, while high energy and commodity prices, kill any possible growth. In the UK 5 to 10 years of stagflation here we come.