Libyan unrest results in oil price rise - 11/04/2011
Political unrest in Libya has caused oil prices to soar to $124 per barrel, which could have consequences for those looking for cheap energy tariffs in the UK.The Guardian reports that oil costs have now reached peaks not seen since August 2008, following attacks on oil fields in the Middle East nation.This has raised concerns about the supply of oil, which has pushed up the price of the commodity and could soon affect prices of cheap gas and electricity in Britain, with cheap tariffs already being withdrawn or expiring, leaving customers paying higher bills.The news comes after director of energyhelpline Mark Todd warned we could see a second round of price rises by the major energy suppliers because of wholesale gas increases.Now might be a good time for householders to compare energy prices and see if they can find a cheaper fixed-rate gas and electricity deal, which may protect them against future rises if Libyan violence continues.Make sure you're not paying too much for your energy - compare gas and electricity prices now at energyhelpline.com or call 0800 074 0745
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