– Paul Watters, Head of AA public affairs
Once upon a time, petrol prices would rise heading into the summer, due to higher demand for the motoring season, and then fall away late summer onwards.
These days, demand appears to be increasingly irrelevant – it doesn’t matter how much drivers cut back, the commodity markets always seem to find a reason for pumping up oil and wholesale prices.
The Petrol Retailers Association (PRA) have warned of an impending petrol price hike on the forecourt. The price of Brent Crude has increased by 10% in the last two weeks to $116 a barrel.