Phil Mickelson has allegedly wagered more than $1 billion on sports across the last three decades, according to famed sports gambler Billy Walters.
21.07.2023 - 23:53 / manchestereveningnews.co.uk
Supermarkets have more than doubled their profit margins on fuel since the start of the war in Ukraine, according to new analysis. The RAC has found that Asda, Tesco, Morrisons, and Sainsbury’s were making an average of around 4.7p per litre on fuel sales when the Russian invasion began in February 2022.
However, this figure has now increased to around 10p per litre, resulting in higher pump prices for consumers. In 2016, supermarket fuel margins were much lower at 2.3p per litre.
The drop in fuel prices has contributed to a decrease in the Consumer Prices Index measure of inflation, which fell to 7.9% last month from 8.7% in May. However, the RAC believes that the decline could have been even sharper if supermarkets had passed on the reductions in wholesale costs to consumers.
RAC fuel spokesman Simon Williams expressed concern over the inflated fuel margins, stating that they would be disappointing for the millions of drivers already struggling with the rising cost of living.
"While we accept the cost of running forecourts might have increased, these bloated margins must make difficult reading for the millions of drivers who are already battling the rising cost of living," he said.
“In short, this means everyone is paying more than they should be to a lesser or greater extent depending on where they live.
“We hope artificially high pump prices will become a thing of the past due to the actions promised by the Government resulting from the Competition and Markets Authority (CMA) report earlier this month that showed supermarkets had overcharged drivers to the tune of £900 million last year.
“Their recommendation that a price monitoring body is set up and that retailers are mandated to provide live prices for fuel
Phil Mickelson has allegedly wagered more than $1 billion on sports across the last three decades, according to famed sports gambler Billy Walters.
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Sorry, Tom Cruise!
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