Prices Of Gasoline And Diesel Have Risen To New Highs
Fuel prices have risen to a new all-time high at the pump in the United Kingdom, putting the squeeze on UK consumers, according to the AA. Petrol touched a new record high of 148.02p per litre over the weekend, while diesel hit a new record high of 151.57p per litre last Thursday. In November, wholesale and retail fuel prices reached new highs, before falling down. The AA's Luke Bosdet said, "The cost of living crisis has been ratcheted up another another notch." The cost of fueling a 55-litre family car is now a "eye-watering" £81.41, according to RAC fuel spokesman Simon Williams. "With oil prices teetering on the edge of $100 a barrel and merchants eager to pass on the wholesale fuel price hike as soon as possible," he said, "new records could be established on a daily basis in the coming weeks." Oil prices rose to $95.56 a barrel on Monday, the highest level since 2014. If the situation in Ukraine worsens, oil and gas shipments from Russi