Petrol Prices Crash to a Low – For a Moment
Gas station prices have hit a new all‑time low thanks to a swift drop in wholesale fuel costs. On Wednesday, the average price per litre of petrol popped up at just £1.40 (140 p), the cheapest level since October 2021.
Diesel Follows Suit
Diesel, too, has slipped to its lowest price since August 2023, averaging £1.48 (147.8 p) per litre. Back in 2022, it was a whopping £1.72 (171.9 p) – a sigh of relief for everyday commuters.
Industry Voices – Hope, but with a Cautionary Note
Luke Bosdet (AA) explained that the crash is a boon for families and businesses, possibly redirecting millions of pounds from fuel sales back onto the high street. Yet he warned that “pump prices remain historically very high.” He added that the current levels might become the new “norm,” a trend he definitely wants to avoid.
Simon Williams (RAC) called the $50‑p drop a massive saving, noting that a full tank for a 55‑litre family car now costs under £77 – a difference of about £28 compared to the peak in July 2022. He predicts more reductions as wholesale costs stay low, urging supermarkets to pull back the extra margins taken off consumers.
What This Means for the Everyday Driver
- Wheels to the pump will feel lighter on your pocketbook.
- Some supermarkets still charge up to 10p extra per litre – that’s a lot of “debt” paid to us.
- Let’s keep calling out those high margins and demand fair competition.
Let’s hope the tide stays up – and that no one starts buying overpriced lattes to make up for the “fuel inflation” we’re guessing it is now.
