UK Petrol Prices Shoot up to Record Highs

Prices at the petrol pumps in Britain reached an all-time high over the weekend, while diesel is still a little short of its previous record, new data shows. The average UK price of petrol hit 142.94 pence a litre on Sunday Oct. 24, beating the former record, set in April 2012, by 0.46p. Meanwhile, diesel prices reached 146.5p a litre on Sunday, short of its all-time high of 147.93p. AA fuel price spokesman Luke Bosdet said: “Whether it’s down to oil producers, market speculators, Treasury taxes or struggling retailers trying to balance their margins, record pump prices must be saying to drivers with the means that it is time to make the switch to electric. “As for poorer motorists, many of them now facing daily charges to drive in cities, there is no escape. It’s a return to cutting back on other consumer spending, perhaps even heating or food, to …

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