The fossil fuelled economy
The price of oil has historically had a huge affect on the global economy but how does it impact on our lives in general? Vouchercloud’s research has unearthed some fascinating facts in the event of oil price fluctuations. The impact of oil price changes meant average car insurance premiums increased by 2% (a whopping £12m) in the final quarter of 2014, which was the first quarterly increase since 2011. We also found some more unusual truths, such as reductions in crude oil prices could drop the price of synthetic condoms, therefore increasing the potential of safe sex. Read on for more intriguing factors that are affected by price movements of oil.