UK pump prices hit fresh records: RAC

UK pump prices hit fresh records: RAC

Prices for both unleaded and diesel have hit fresh records at UK pumps, according to the RAC.
Speaking on 24 February, RAC fuel spokesman Simon Williams said: “Both petrol and diesel reached new record levels yesterday. Unleaded is nearly 149.5p a litre and diesel almost 153p.
“Russia’s actions will now push petrol pump prices up to £1.50 very soon. The question then becomes where will this stop and how much can drivers take just as many are using their cars more and returning to workplaces.
“If the oil price was to increase to $110 there’s a very real danger the average price of petrol would hit £1.55 a litre. This would cause untold financial difficulties for many people who depend on their cars for getting to work and running their lives as it would sky rocket the cost of a full tank to £85. At $120 a barrel – without any change to the exchange rate which is currently at $1.35 – we would be looking £1.60 a litre and £88 for a full tank.”
The long-running records set in April 2012 were: petrol – 142.48p; diesel -147.93p. These were first broken in late October: for petrol, prices hit 142.94p on 24 Oct and on 31 Oct 147.94p for diesel.
Records were then set on a daily basis until 21 Nov when petrol hit 147.72p and diesel 151.10p on 20 Nov.
These stood until 13 Feb when petrol went to 148.02p and diesel 151.57p. We then saw prices climb further, almost daily, until petrol topped 149p on Sunday 21 Feb – petrol: 149.12p and diesel 152.58p.
Since then the RAC has recorded almost almost daily new records.