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Drivers paying record fuel prices
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26 January 2008
Average petrol prices have now reached an all-time high of 104.85p a litre compared with just 87.27p a litre a year ago.
Diesel has soared to a record average price of 110.31p a litre, compared with 91.09p a litre a year ago.
In gallon terms, this means diesel has now passed the £5 mark, the AA said.
The company added that it was costing £8.79 more to fill a typical 50-litre fuel tank than it was a year ago. An average car owner is now spending £18.84 more per month on petrol.
AA president Edmund King said: "Record fuel prices will bring record levels of misery to many millions of drivers.
"The £5 gallon must surely concentrate minds at the Treasury and should be a warning to the Chancellor that his proposed increase of 2p per litre should not go ahead in the Budget next month.
"The Chancellor must accept that global oil prices are soaring out of control so he should not add fuel to the fire by hiking up the tax. Rural motorists, the disabled and car-dependent communities are suffering enough.
"In one week, the UK price of petrol has shot up a penny and diesel even more. At the same time, market commentators have reported a gasoline glut in the US, enabling them to sell cut-price fuel to Nigeria.
"Drivers in the UK are asking why their car fuel prices are soaring while petrol is being offered at a discount elsewhere."
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