The cost of filling up your car with a tank of fuel is at its highest since 2012, with the national average petrol price hitting a new all-time high this week.
For those driving a petrol vehicle, it now costs, on average, 142.94p per litre to top up – that’s 28p a litre more than 12 months ago. That means a typical 55-litre car will cost an extra £15 to fill up compared to just a year ago. Around 57% of this cost is the Government’s taxation on fuel.
The Isle of Wight does tend to benefit from slightly lower fuel prices at supermarket forecourts than elsewhere in the UK, but even then the price per litre has gone up around 9p in the past 3 months alone. Tesco in Ryde, for example, was charging 134.9 for a litre of diesel back in July – today it is charging 143.9p.
Independent petrol stations on the Island are charging in excess of £1.50 a litre.
The recent sudden and harsh increase is said to be down to the price of crude oil, which is now selling at $86.09 a barrel. The coronavirus pandemic had resulted in a massive drop in fuel prices, which have been on the rise again since June 2020.
RAC fuel spokesman, Simon Williams, said:
“This is truly a dark day for drivers and one which we hoped we wouldn’t see again after the high prices of April 2012. This will hurt many household budgets and no doubt have knock-on implications for the wider economy.
“The big question now is: where will it stop and what price will petrol hit? If oil gets to $100 a barrel, we could very easily see the average price climb to 150p a litre.
Article continues below this advertisement “Even though many people aren’t driving quite as much as they have in the past due to the pandemic, drivers tell us they are more reliant on their cars now than they have been in years, and many simply don’t have a choice but to drive”.
Car Insurance Expert at Confused.com Alex Kindred says:
“More than two in five (41%) drivers feel that current fuel costs are unjustified. Our latest fuel price index shows the average price of petrol and diesel are on the up across the UK.
“Drivers need to be as savvy as ever to find the best fuel prices alongside other motoring expenses. Competing supermarkets often offer petrol discounts and larger petrol stations can usually offer their fuel at slightly lower prices, in order to try and entice drivers, although this could be at the expense of smaller independent providers”.
And our beloved council has added to fuel costs by refusing permission for oil drilling at Arreton.
So you are miffed at UKOG’s dismal share price. Typically aim, pump and dump, and the CEO and board have NO skin in the game, MOST telling.
The working class will be priced off the road, as the well to do, will buy electric vehicles. All part of the ‘plan’ to free roads of too many cars, so the rich can travel in uncongested roads, having parking once again, whilst WE wobble about exposed to the elements on silly electic cycles and scooters or sit amongst the dregs of society on public transport.
Watch, see and learn.
Sorry Corker but I do not like the last bit of your comment,” sit amongst the dregs of society on public transport”
there are a lot of hard working genuinely nice people that use public transport. I myself use the bus so therefore I think an Apology for you comment should be made
FB, perhaps my wording was not very well put.
I didn’t mean ALL users of public transport are the dregs of society, but, meaning that when the ‘dregs of society’ are onboard, the decent people are stuck with them, their behaviour, and foul language and the risk of violence.
This is the prob with message boards, you have to explain every detail, unlike two way conversations.
We all use buses and so realise that there is both good and vile on them sometimes.
Point being once cars are priced off the road for the masses, then no choice for most to avoid, frightening for ladies etc as society gets ever worse
You are correct.
They want less Vehicles on the Roads due to climate,
they themselves can have many vehicles though.
I read recently that many Government vehicles are still Diesel.
Dregs of society, on public transport?
Nice theory, but the authorities need to continually milk the less well off motorists. Pricing them off the roads completely would not be in their interests.
Phil, this will be done once 5G is fully rolled out. Most of the public will eventually have electric driverless cabs for transport, instead of owning a car for the poorer masses.
This can’t be done until 5G is safe as need it for flawless navigation of such.
You will order such by mobile and pay by such, a code for door entry will be given, for you to enter the driverless cab. Destination choosen it will drop you off and go on its way to the next customer.
You will be able to shop and either pre order a time, or ping your phone minutes pre needing the return home.
The cost will include Gov taxes, and instead of owning a costly car, the fee will be cheaper for you, and the Gov will get it’s revenue. The lone women, vulnerable old, drunk, non drivers etc will gain, and it will go back to out of town charging stations to avoid needing millions of chargers in the UK
Remember where you heard this first, not well known YET.
Think. I would imagine that a system along the lines of what you describe is likely, with the only question being when such a system will be commonplace. Probably not in my lifetime, but I am knocking on a bit!
you should see how prices have gone up inthe Wootton and whippingham area now £1 51 for diesel getting silly when I ran a fuel station you could only put up fuel prices after you had taken delivery of fuel at the new price Not what was in your tanks’ as so doing was evading the fuel tax levy ‘ Maybe it has changed OR MAYBE NOT ‘I just go to a lower price outlet now.
That is cheap compared to Freshwater
Punishing the working people again better off sitting at home claiming £900 a month benefits in a payed for house
I’d have a little more sympathy about the price of fuel if a lot more people chose their cars and especially drove their cars as if fuel cost anything at all. There are way too many massive engines belting around the island, and frequently seemingly by people who really don’t give a stuff about anything other than themselves.
What has happened to the 10p price difference to the mainland that we had a year or so ago? Has it been gradually “trousered” by the filling station owners?