How globe has deflated petrol prices - in under 60 seconds

Name: How globe has deflated petrol prices - in under 60 seconds
Uploaded: 2014-03-21T15:39:46.000Z
Duration: 59 s
Description: Personal finance correspondent Simon Gompertz explains why petrol prices have reached a three-year low - with the help of an inflatable globe.

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UK petrol prices have fallen to their lowest in three years, says the Automobile Association.

The AA said prices averaged 129.46p a litre in mid March, compared with a year ago when the average was 138.42p a litre.

Personal finance correspondent Simon Gompertz explains why petrol prices have reached a three-year low - with the help of an inflatable globe.

Business

21 March 2014