Record fuel price increases are looming for motorists in the run-up to Christmas, say the AA.
The motoring organisation said that soaring oil prices sent diesel to a year high of 108.05p and warned that the cost of petrol could also rocket, despite supermarket filling stations engaged in a price war.
Petrol prices are already at their highest level of the year, at 107.14p a litre - beating the previous 2009 high of 107.03p a litre on September 9.
This means that a tank of petrol now costs on average nearly £1.10 more than it did two weeks ago.
The price of crude oil has risen in the past few weeks and if it hits $80 a barrel again the country could face its highest ever fuel prices.
This is certainly not welcome news for the millions of motorists out on the road visiting friends and relatives over the festive period.
An AA spokesman said: 'Diesel has hit its highest point for the year. With the recent rises in fuel duty and the recession, that is putting a lot of pressure on families who will have to cut costs elsewhere if they are to continue to run the family car.
Source: Metro |
