Louise O'Reilly (Dublin Fingal, Sinn Fein)
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We are all aware that oil trades in a global market. There are numerous factors and moving parts that influence price increases. Does Mr. Godfrey have a view or any information from his investigations about the scale of what is driving these higher fuel costs? How much of it is down to a rebound in demand in the economy? When we were in lockdown people were not driving about in their cars and the cost of fuel went down. Now that people are back in their cars there is more demand. That is potentially one factor. Is it due to the war and the destabilisation it caused? They are obviously both going to be factors. Does Mr. Godfrey have a sense of which is driving the costs at this stage?