Petrol Prices - The Oil Hool
by HUMERUS - Media Epicondyle
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The AA estimated that in total, motorists are spending almost £17m more a day on petrol than this time two years ago. Petrol Prices have hit an average all time-high of 138p per litre and there were predictions they could go even higher this summer to as much as 155p - and fuel duty could become an electoral issue. The new high, which eclipses the previous peak of 119.7p in July 2008, comes just days after a fuel duty rise of 1p a litre. RAC motoring strategist Adrian Tink said: "This is a dark day for motorists. Petrol prices have been rising steadily over the past year and have reached the inevitable record high. This is only the average. In some areas, motorists will be paying over £6 a gallon (140p a litre)." The government - which has clashed with the fuel lobby over the years, most notably in 2000's blockades by lorry drivers - will be closely monitoring reaction to the higher average prices. Tink believes that petrol prices, particularly fuel duty which makes up about half the cost, could now become a major issue in the general election. He said: This is a key issue for Britain's 32 million motirists who are watching their bank accounts drained every time they fill up."