{"id":2436,"date":"2018-09-22T08:13:32","date_gmt":"2018-09-22T08:13:32","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/petrol-prices-could-fall-by-1-50-a-tank-says-the-aa\/"},"modified":"2018-09-22T08:13:32","modified_gmt":"2018-09-22T08:13:32","slug":"petrol-prices-could-fall-by-1-50-a-tank-says-the-aa","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/petrol-prices-could-fall-by-1-50-a-tank-says-the-aa\/","title":{"rendered":"Petrol prices could fall by \u00a31.50 a tank, says the AA"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape has-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Petrol pump\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/1405D\/production\/_100631028_gettyimages-876650584.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\"><span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><br \/>\n                    Average petrol prices hit 130.6p a litre this week, and diesel rose to 134.6p<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p class=\"story-body__introduction\">Petrol prices could fall by as much as 3p a litre as a result of falling wholesale prices and a potential supermarket price war, the AA has said.<\/p>\n<p>The price of both petrol and diesel is currently at a four-year high, after 11 consecutive weekly price increases.<\/p>\n<p>Average petrol prices hit 130.6p a litre this week, while average diesel prices rose to 134.6p a litre.<\/p>\n<p>The AA said it was now a question of &#8220;how quickly&#8221; supermarket forecourts passed on lower costs to drivers.<\/p>\n<p>The motoring organisation &#8211; which offers advice to drivers &#8211; said falling wholesale costs had in the past triggered a forecourt price battle, with supermarkets jostling to offer drivers the cheapest prices.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-21238363\" class=\"story-body__link\">Fuel price calculator: How much do you pay?<\/a><\/li>\n<\/ul>\n<p>Luke Bosdet, from the AA, said: &#8220;Drivers were told earlier this month that there was &#8216;no end in sight&#8217; to rising pump prices.<\/p>\n<p>&#8220;Now, they should be looking for a \u00a31.50-a-tank cut in petrol costs.<\/p>\n<p>&#8220;The key question is to what extent and how quickly the fuel retailers decide to pass on the savings.&#8221;<\/p>\n<p>He said potential fuel savings had come from a drop in oil refining margins for wholesalers and a recent strengthening of the pound.<\/p>\n<p>The pound had been rising against the euro and the US dollar this month.<\/p>\n<p>However, it <a href=\"https:\/\/www.bbc.co.uk\/news\/business-45604230\" class=\"story-body__link\">fell on Friday<\/a> after Theresa May&#8217;s assertion that a no-deal Brexit was better than &#8220;a bad deal&#8221;.<\/p>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p>The average price of petrol and diesel in the UK is currently at its highest since July 2014, following significant increases over the past two years.<\/p>\n<p>According to the <a href=\"https:\/\/www.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/741192\/CSV.csv\/preview\" class=\"story-body__link-external\">government&#8217;s official statistics<\/a>, average prices have increased by more than 30p a litre since January 2016.<\/p>\n<p>This year, petrol prices have gone up by 10p a litre, while diesel has increased by 11p.<\/p>\n<p>In May, prices went up by 6p a litre in one month &#8211; which the RAC said was the <a href=\"https:\/\/www.bbc.co.uk\/news\/business-21238363\" class=\"story-body__link\">biggest monthly increase for 18 years<\/a>.<\/p>\n<p>Earlier this month, Chancellor Philip Hammond hinted that a freeze on fuel duty may end.<\/p>\n<p>He told MPs that previous analysis showing the benefits of continuing to freeze fuel duty against tax losses would &#8220;have to be looked at again in the context of the economy today&#8221;.<\/p>\n<p>Fuel duty has been kept at 58p per litre since 2011. The chancellor will give his autumn Budget on 22 November.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/uk-45611558\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Image caption Average petrol prices hit 130.6p a litre this week, and diesel rose to 134.6p Petrol prices could fall by as much as 3p a litre as a result of falling wholesale prices and a potential supermarket price war, the AA has said. The price of both petrol and diesel &hellip; <\/p>\n","protected":false},"author":0,"featured_media":2437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2436"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/2437"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}