Fuel prices could soar to record levels if oil reaches $100 a barrel

Fuel prices could soar to record levels if oil reaches

Read Fuel prices could soar to record levels if oil reaches $100 a barrel latest on ITV News. All the Consumer news The cost of filling up a family car will rise by £8 if predicted oil price

Fuel prices could soar to record levels if oil reaches

«If the price of oil goes up towards 100 US dollars a barrel we will very likely see a return to the dark days of April 2012 when petrol and diesel hit record highs.

Fuel prices could soar to record levels if oil reaches 100

Fuel prices could soar to record levels if oil reaches 100 US dollars a barrel The cost of petrol could hit £1.41 per litre and £1.44 for diesel, the RAC has warned.

Fuel prices could soar to record levels if oil reaches 100

If this happens then the RAC believes fuel prices could soar to £1.41 per litre for unleaded and £1.44 for diesel. This would mean filling up a 55-litre car would cost £78 for petrol models and

Fuel prices could soar to record levels if oil reaches 100

“If the price of oil goes up towards 100 US dollars a barrel we will very likely see a return to the dark days of April 2012 when petrol and diesel hit record highs. “Even though the oil price

Fuel prices could soar to record levels if oil reaches 100

Petrol and diesel prices have already risen to a three-and-a-half-year high, driven by the rapidly rising cost of oil. The barrel price of oil reached 80 US dollars this week and the boss of energy giant Total believes it could return to 100 US dollars in the coming months.

Fuel prices could soar to record levels if oil reaches 100

The barrel price of oil reached 80 US dollars this week and the boss of energy giant Total believes it could return to 100 US dollars in the coming months.

Fuel prices could soar to record levels if oil reaches 100

“If the price of oil goes up towards 100 US dollars a barrel we will very likely see a return to the dark days of April 2012 when petrol and diesel hit record highs.

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The price of oil is still powering higher. Crude prices have increased over 15% since the beginning of April. And it seems there’s nothing to slow down oil’s march back to $100 per barrel. That’s probably going to mean the cost of everything will be going up. Gas prices are already expected to break record highs this summer.