Paul Watters, the AA’s head of Public Affairs on the rising cost of petrol:
Falling pump prices in the UK lasted just 75 days and now they’re heading up at a rate which once again threatens to undermine the Bank of England’s inflation target. In six weeks, £10 has been added to the monthly petrol costs of a two-car family in the UK.
Growing pressure for the release of strategic oil reserves to calm world oil markets, with reports the White House is preparing for the move
The AA has warned that the cost of petrol is set to rise again with predictions that prices will reach a record high by the end of August.