Friday, February 25, 2011

Libya: Motorists Facing £6 a Gallon at the Pump

THE DAILY TELEGRAPH: Motorists are now paying £6 a gallon in garages across the country as oil prices continue to soar amid the crisis in Libya.

The cost of unleaded has broken the barrier in 267 forecourts already and the number is set to increase sharply over the next few days.

Brian Madderson, chairman of RMI Petrol, the filling stations’ trade body, said motorists will be paying 10 pence a litre more by the end of April because of the looming increase in fuel duty and higher oil prices on the world market.

By the middle of next week £6 a gallon – or £1.32 a litre – will be the norm across Britain, Mr Madderson added.

With the Libya crisis pushing the cost of oil to its highest level on the world markets since August 2008, the cost of motoring, commuting and family holidays are also likely to rise to unprecedented levels. >>> David Millward, Transport Editor | Friday, February 25, 2011

THE DAILY EXPRESS: Driving Will Be Just for the Rich: CARS could soon become a preserve of the rich with petrol prices set to rocket to £8 a gallon, motoring organisations warned last night. >>> Mark Reynolds | Friday, February 25, 2011