UK fuel prices 'should be at 171p per litre', RAC claims
But Simon Williams, the RAC's fuel expert, told Autocar that average prices should be around 171p for petrol and 189p for diesel, in line with the falling price of wholesale fuel, which has been dropping for the past seven weeks. The price of wholesale fuel has surged due to the rising cost of crude oil, which has been driven up by the ongoing war in Ukraine. Williams blames the big four supermarkets – Asda, Morrisons, Tesco and Sainsbury's – for not dropping prices.
"For some reason, they refuse to give drivers a fair price," he said."They should have been passing on [wholesale fuel price] reductions on a daily basis for the last seven weeks, but they have not." Speaking about where fuel prices could be by the end of the month, he said:"At this rate, it is likely that prices will come down by just a couple pence."
The AA took a different view, claiming drivers could see savings of £10 per tank of fuel within two weeks, if wholesale prices continue to fall. The price of a full tank has dipped by £1.50 since the start of the month, a spokesman added. "Wholesale petrol's trajectory, if sustained, would lead to savings of a tenner off a tank from the record highs, providing the fuel trade is prepared to pass them on,” Luke Bosdet, the AA's fuel price spokesman"The problem is that, in many places, the price cuts are quite simply not happening despite more than six weeks of falling costs.
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