Forecourt prices of petrol and diesel have reached another record high, the AA said on Monday.
It comes after a further surge in oil prices following Russia’s invasion of Ukraine.
Data from Experian Catalist reported by the AA showed that petrol has now reached 155.62p a litre — or more than £7 a gallon — while diesel averaged 161.28p.
As a result, filling up a car with a 55-litre tank now costs nearly £17 more than a year ago — a rise from £68.60 to £85.59.
“A year ago, with pump prices rising steadily after the pandemic slump, 125p a litre was bad news but 155p was unimaginable,” said AA fuel price spokesman Luke Bosdet.
“Although with every pump price surge a slump eventually follows, notwithstanding the fuel trade’s reluctance to pass on savings quickly, £7 a gallon could well be a watershed moment.”
Oil prices jumped to $139 for a barrel of Brent crude — the highest level for almost 14 years — after confirmation from the United States that it was considering a boycott of Russian oil and gas.
And with no end in sight to the rise in oil and gas prices, analysts have warned that household energy bills could reach as high as £3,000 a year.
