Told you so

The Independent catches up:

So that went well. The RAC reports that, on average, petrol now costs 2p a litre more than it did before the Budget a fortnight ago, when George Osborne produced his 1p cut in duty with such a flourish. We might give the Chancellor some credit – without the 1p reduction petrol would, of course, be 3p a litre more expensive – but not much: this was a piece of political grandstanding that proved to be an empty gesture in the context of pressures from the oil market.

Aye, and it's going to get worse - the price of oil is now over $122 per barrel.