“Truly a dark day for drivers” UK petrol prices are rising sharply.

RAC / Experian Catalist says UK oil prices have risen sharply, according to Sky News.

Oil prices in Britain averaged 142.94 pounds a liter on Sunday, up from 46 pounds in 2012. Diesel price reached 146.5 pounds, the highest ever 147.93 pounds.

Fuel prices are breaking real wages as families and businesses face higher inflation, already fast food inflation, rising energy prices and rising living costs.

RAC Fuel Spokesman Simon Williams said: “This is a really dark day for drivers, and we look forward to seeing you after the high prices in April 2012. This will hurt many family budgets and will undoubtedly knock you down. The implications for the wider economy are: ”

“Now the big question is where does it stand and at what price does gasoline sell? If oil reaches $ 100 a barrel, we can easily see an average of 150p liters per liter.

Although many people may not be able to drive as much as they used to because of the epidemic, drivers tell us they have relied on their cars for more than a year now, and many simply do not have a choice. But to drive.

“Low-income people may struggle to earn extra money for the fuel they need to drive.

“We urge the government to temporarily reduce VAT to ease the pressure on the pump and to restore large retailers to their pre-epidemic volume.”

Some analysts and investment banks have said in recent months that the price of the pump is likely to fall sharply, as Brent could reach $ 100 in the cold winter. High natural gas prices are forcing some utilities to switch to oil products, which in turn increases demand for crude oil. Russian President Vladimir Putin said Brent’s “$ 100 per barrel” is “very possible” in light of growing global demand for energy products.

AA Fuel Price Spokesman Luke Bosdet said: “The registration pump price should be told to drivers and now is the time to switch to electricity.”

“In the case of poor drivers, many now charge a daily fee to drive in the city, there is no escape, another reduction in utility costs, perhaps heating or food, to return to a car that will enable them to work.

And if last month’s trucking situation and fuel shortages were resolved, for now, gas and diesel prices are likely to remain high in the coming months because of the low cost of crude oil this summer due to high demand for power plants.

In the case of England today and There is a similarity between the “winter of frustration” and inflation that led to consumer misery. The question is, will rapid inflation lead to political change?

More high reading from Oilprice.com


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