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Petrol falls to below £1 but what about energy bills?

Cast your eyes back to the dark days of a few months ago when oil was changing hands at over $150 a barrel and petrol was approaching 150p a litre. While these dark days have cleared somewhat of late with news that oil has now fallen to below $80 a barrel and petrol to under £1 a litre, what has happened to energy price falls? Surely we should hear some news very soon?

Those with a good memory will remember that the energy companies were very keen to lock on to the rising price of oil and use this as a reason to increase their prices at a time when the UK public were struggling. While it did not make much sense to see the cost of gas rise at the same rate as oil we all bought into it, as did the government.

However, now we have seen the price of oil nearly half over the last few weeks the energy companies continue to push prices higher and higher. So what is happening? Were we conned at the outset or is the price of energy linked to something else as well?

The truth is that we should be seeing energy costs fall, we should be seeing a reduction in pressure but we are not. Surely now is the time for the government to take a long hard look at what we were told and what is really happening?

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