UK Gasoline Prices Go Over £1 Per Liter - Channel Four News

Average petrol prices set a new milestone as UK motorists counted the cost of crude oil's surge towards 100 US dollars a barrel. The average price based on Tuesday's figures showed drivers are now having to pay 100.08p a litre for unleaded petrol, the AA said.

The £1 breakthrough came as fears over winter fuel supplies caused the cost of light, sweet crude for December delivery to rise as high as 98.62 US dollars a barrel on the New York Mercantile Exchange.

The figure eased after a government report said oil inventories fell less than expected last week while refinery utilisation also remained flat.

In London, Brent crude rose to more than 94 US dollars a barrel, supported by severe weather in the North Sea, which has shut down several oil platforms.

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