Drivers hit by one of many largest month-to-month gas value hikes in 23 years

rivers had been hit by one of many largest month-to-month gas value rises in additional than 20 years in August, new figures present.

The RAC mentioned the 7p per litre spike within the common value of petrol in August was the fifth largest month-to-month enhance in 23 years.

The 8p per litre hike in diesel costs was the sixth largest over the identical interval.

August was a giant shock to drivers

The RAC mentioned rising pump costs are being brought on by a rise in the price of oil, which has gone up by almost 12 US {dollars} a barrel because the begin of July to almost 87 US {dollars} because of producing group Opec+ decreasing provide.

This led to the wholesale value of gas – what retailers pay – going up, which has been handed on to drivers at forecourts.

RAC gas spokesman Simon Williams mentioned: “August was a big shock to drivers as they had grown used to seeing far lower prices than last summer’s record highs.

“Seeing £4 or more go on to the cost of a tank in the space of just a few weeks from a pump price rise of 6-7p a litre is galling, particularly for those who drive lots of miles or run an older, less fuel-efficient car.

Content Source: www.commonplace.co.uk

Drivers hit by one of many largest month-to-month gas value hikes in 23 years

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