Petrol over £1.40p a litre
March 24, 2012 in The News by Tony Peters
That puts the price of petrol at £6.36p a gallon for all us older fogeys who still think in Imperial measures.
According to the AA the average price for a litre of petrol is now 140.2p and diesel stands at 146.72p a litre.
Garage forecourt prices have been rising inexorably since the start of the New Year and, according to some analysts, will threaten any economic recovery we might be seeing as prices go up to compensate.
And with no economic recovery the pound weakens and for every 10 cents the pound falls against the dollar, says the AA, adds 3p-4p to every litre.
The Chancellor, George Osborne, also has no current plans to help motorists so it looks like we’ll just have to grin and bear it.
With the way things are going it would not be surprising to see 150p a litre petrol by the end of the year on its way to far greater heights.
The Green Lobby are no doubt pleased with this as it will force more (poorer) people off the roads. But will those people be reduced to public transport or onto their bicycles? Because fuel prices will also force public transport prices to increase as well. And what would happen if people were no longer able to afford to go to work?
But the thing that will really put the cat amongst the fuel price pigeons would be any conflict with Iran. This growing crisis has already put some doubts around the overall availability of oil.
Petrol Pump-By Rama
